ch government, with a total investment of EUR 1 billion. On January 4, Symbio secured a EUR 93 million revolving credit facility, coordinated by Crédit Agricole CIB Corporate and Investment Bank (CACIB), with partner banks. This follows a EUR 77 million fundraising in 2021, led by Crédit Agricole Leasing & Factoring (CALF) for the Gigafactory in Saint-Fons, France. Supported by Forvia, Michelin, Stellantis, European Union, and French Government...

OEM Plants  Updated at: 2025/06/25

hnological excellence in hydrogen fuel cell innovations. On January 4, Symbio secured a EUR 93 million revolving credit facility, coordinated by Crédit Agricole CIB Corporate and Investment Bank (CACIB), with partner banks. This follows a EUR 77 million fundraising in 2021, led by Crédit Agricole Leasing & Factoring (CALF) for the Gigafactory in Saint-Fons, France. Supported by Forvia, Michelin, Stellantis, European Union, and French Government...

OEM Plants  Updated at: 2025/06/24

second claim against Volkswagen - for RUB 28.4 billion. The court refused to arrest the property of Volkswagen in Nizhny Novgorod. On May 19, the Volkswagen Group completed the sale of its shares in Volkswagen Group Rus LLC and its local subsidiaries (Volkswagen Components and Services LLC, Scania Leasing LLC, Scania Finance LLC, Scania Insurance LLC) to Art-Finance LLC, owned by Russian dealer Avilon. Upon registration of the transaction, owner...

OEM Plants  Updated at: 2025/06/24

nt years in Wulfrath, particularly in the fields of development and project management for commercial vehicle steering systems is to be retained within a center of competence. At present, the headcount at the Knorr-Bremse Steering Systems GmbH site in Wulfrath totals 356, including 66 persons on HR leasing contracts. Concrete details of the job cuts will be finalized in pending negotiations with employee representatives. (From a press release on ...

Major Suppliers  Updated at: 2025/06/24

uropean based logistics provider and semi-industrial real estate, announced that it has, purchased three plots in Rüsselsheim am Main, Germany, totaling over 700,000 square meters from Stellantis. Stellantis is optimizing its Opel production site in the Rüsselsheim plant. The company is initially leasing back the properties before gradually releasing them for redevelopment. On December 11, Opel introduced the fully electric Astra Sports Tourer....

OEM Plants  Updated at: 2025/06/23

with Chery Commercial Vehicle (Anhui) Co., Ltd. The new company was registered with an initial capital of CNY 100 million, with Chery holding a 65% share and Roshow holding the remaining 35%. The new company is Chery Group’s only NEV sales platform, and will be responsible for sales, management, leasing, and service of vehicles in the segment. On March 11, Roshow New Energy Technology Co., Ltd. signed a joint venture agreement with Chery Comme...

OEM Plants  Updated at: 2025/06/23

then expanding sales in stages. In 2024, Honda will launch an all-new CR-V FCEV built at the Honda Performance Manufacturing Center in Marysville, Ohio. On February 27, Honda revealed America’s first production plug-in hydrogen fuel cell electric vehicle, the 2025 Honda CR-V e:FCEV, available for leasing in California beginning later in 2024. With a 270-mile EPA driving range, the CR-V e:FCEV provides up to 29 miles of EV driving around town wi...

OEM Plants  Updated at: 2025/06/21

GAC Energy, Maxwealth Leasing forge partnership for energy replenishment financial leasing services for NEVs On June 17, GAC Energy, at its headquarters, signed a strategic cooperation agreement with Maxwealth Financial Leasing Co., Ltd. (Maxwealth Leasing) to deeply integrate the superior power of industries and finance. Placing emphasis on the construction and equipment renewal of core GAC Energy facilities such as charging and battery swapping...

News  Updated at: 2025/06/19

t, Russia has already launched 10 modern sites - in Tolyatti, Izhevsk, Moscow, St. Petersburg, Tula, Kaluga regions, and several other regions. Electric cars are also assembled there. To stimulate buyer demand in 2024, about RUB 43 billion was allocated. These funds went to preferential lending and leasing so that people could buy new cars on favorable terms. In terms of the number of cars sold, the Russian market last year, according to the Euro...

News  Updated at: 2025/06/18

% in March, and to 40% by July within the ASEAN area, including Indonesia. The company is planning to invest not only 40 billion rupee initially, but also additional 10 billion rupee in production of left-hand drive models and exports to ASEAN. Hyundai Indonesia announced to inaugurate "First Rent" leasing service. The leasing period ranges from one to three years. After termination of the leasing period, a leased car can be bought at its residua...

OEM Plants  Updated at: 2025/06/17

JBM Electric Vehicles, India enters European market with ECOLIFE bus On June 16, JBM Electric Vehicles (JBM EV) launched its all-electric city bus, ECOLIFE, at the UITP Summit 2025 in Hamburg, Germany, marking its entry into the European Union market. As part of its European expansion, JBM EV has partnered with KazenMaier as its preferred German leasing partner. JBM also established its European headquarters in Frankfurt, Germany. This new hub wi...

News  Updated at: 2025/06/16

a cabriolet version are available. Production of the smart fortwo electric drive started.. As the first batch, 1,000 cars will be produced to be offered to participants in a large-scale validation test project of electric vehicles "eMobility" to be conducted in Berlin from the end of the year. The leasing is offered for four years with a range of 60,000 kilometers. The leasing sales are scheduled to begin afterward in major cities in Europe targ...

OEM Plants  Updated at: 2025/06/16

an nationwide by providing free storage batteries to companies and remotely managing them to help balance energy supply and demand, according to local sources In 2021, Tesla started a virtual power plant (VPP) in Miyakojima city, Okinawa prefecture. It will expand its business in collaboration with leasing company Fuyo General Lease and Fukuoka-based energy company Global Engineering. (multiple sources on June 13, 2025)...

News  Updated at: 2025/06/14

to these challenges, the Thai government has implemented measures to guarantee hire purchase loans for pickup trucks, with applications open from April 1 to December 30, 2025. This initiative aims to enhance access to financing by mitigating risks for financial loan guarantees, thereby encouraging leasing firms to approve more loans particularly for small and medium-sized enterprises (SMEs). According to the Finance Ministry, the program aims to...

News  Updated at: 2025/06/12

tor Passenger Vehicle now serving as a pilot division. In the field of battery recycling, SAIC Motor is exploring a business model that separates cars and batteries based on battery lifecycle management and has established SEPT New Energy Technology (ENERGIEX). ENERGIEX will focus on the EV battery leasing business, with its business scope including development and promotion of battery swapping technology, battery operation management, etc. From ...

OEM Plants  Updated at: 2025/06/11

any announces bankruptcy Lightyear, Netherlands signs pre-order agreement with Arval for 10,000 vehicles Valmet Automotive, Finland starts change negotiation due to decrease in production Valmet, Finland ends production of Lightyear 0 at Uusikaupunki plant Lightyear, Netherlands partners with four leasing and car-sharing companies for Solar EV car Lightyear, Netherlands to focus on Lightyear 2 solar EV, scraps production of Lightyear 0 Sono Gro...

OEM Plants  Updated at: 2025/06/06

n Pune, India, to expand its automotive business in Asia. Feb. 2023 Shanghai Antolin Automotive Interiors Co., Ltd. was established to supply roofs. Mar. 2023 Sold 100% of its shares in the Russian companies, Grupo Antolin Saint-Petersburg and Antolin Avtotechnika Nizhny Novgorod, Ltd. to Delta Leasing Company. The Company is no longer present in Russia. May 2023 Acquired a 44% share in Shanghai Antolin-Naen Automotive Electronics Co., Ltd....

Major Suppliers  Updated at: 2025/06/05

, and the new 5008 midsize crossover SUV were exhibited at the event. On October 19, DFM announced on the HKEX the acquisition of the specific land use rights, buildings, and structures located in Wuhan and Xiangyang, China of DPCA for CNY 1.714 billion. On the same day, the two parties agreed on a leasing arrangement that DFM will lease the target assets to DPCA for a term of 10 years. According to the announcement, DFM and Stellantis N.V., DPCA...

OEM Plants  Updated at: 2025/05/30

Wardwizard, India signs MoU with XiCon for leasing 7,500 electric two-wheelers On May 28, Wardwizard Innovations & Mobility Ltd. (WIML) announced a partnership with XiCon International Ltd., a Mumbai-based engineering and manufacturing company and a subsidiary of Kaiser Corporation. XiCon has placed an order to lease 7,500 units of Wardwizard’s Wolf+ model for the financial year 2025-26 and 2026-27 (ending March 31, 2027).  This large-scale de...

News  Updated at: 2025/05/29

tor Passenger Vehicle now serving as a pilot division. In the field of battery recycling, SAIC Motor is exploring a business model that separates cars and batteries based on battery lifecycle management and has established SEPT New Energy Technology (ENERGIEX). ENERGIEX will focus on the EV battery leasing business, with its business scope including development and promotion of battery swapping technology, battery operation management, etc. On Ap...

OEM Plants  Updated at: 2025/05/23