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Tag: Europe (Page 3 of 4)

Chinese EV maker Nio to expand into rapidly growing European market

NIO ES8

Nio recently opened a showroom in Norway dubbed Nio House as the first step in its expansion drive in the European Union. The CEO is taking a long term view of the rapidly expanding European market.

Nikkei 🔒 »

In Norway, one in every four customers who test-drove a Nio bought the car, a higher proportion than in China, according to Li. Nio will be “in at least five European markets [in addition to Norway] by the end of 2022,” he said.

Chinese automakers are struggling to gain traction overseas. They lack the strong global brands of their Western and Japanese counterparts. Nio is taking on powerhouses like Tesla and covets a slice of the luxury car market. It is seeking to become a household name in Europe while the big global carmakers continue to hedge their bets on electric vehicles.

EV sales are ballooning in Europe. In the July to September quarter, they made up 12.7% of total new car sales in 18 major European markets, more than double the figure for the same period last year, which came to 6.1%, according to the European Automobile Manufacturers’ Association. The number of EVs sold during the period totalled 303,273, up 57% from a year earlier.

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Mercedes EQB, premium compact SUV with 7-seat option, will be available in Europe early next year

Mercedes EQB

Peter Sigal, Automotive News Europe »

The EQB – essentially a battery-powered of the combustion-engine GLB — was unveiled at the Shanghai auto show in April. It is part of Mercedes’ EQ full-electric range, which also includes a sibling model, the EQA compact crossover; the EQS luxury sedan (launched this year), the EQE large sedan and the EQC midsize sedan.

Mercedes has not released prices for the EQB. The GLB starts at about 40,000 euros ($46,000) in Germany, with the top AMG four-wheel-drive model at 57,000 euros.

The EQB comes standard with five seats, with an optional third row that is intended for smaller passengers, up to 1.65 meters, Mercedes says. The second row can also move forward by up to 140 mm to give more space for third-row passengers.

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Subaru unveils Solterra, its first BEV

Subaru Solterra

Subaru took the wraps off the Solterra, its first all-electric SUV.

The automaker will market the model in Canada, Europe, China, Japan, and the USA by the middle of next year and are aiming for 40% of its global sales to be electrified by 2030. By 2035, it wants all sales to be hybrids or EVs.

Meanwhile, CEO Tomomi Nakamura said last year that Subaru didn’t see much evidence Americans want EVs or plug-in hybrids.

Subaru Solterra

Subaru Solterra

The Solterra was jointly developed with Toyota and so resembles the bz4x

Elsewhere » Reuters / Bloomberg / Auto123.com / Slash Gear / Auto Express / CarsUK / Autocar / CNET Roadshow

Daimler Truck and TotalEnergies to jointly develop European hydrogen ecosystems

Daimler Truck and TotalEnergies have reached an agreement to develop fuel cell ecosystems for heavy-duty trucks running on hydrogen in the European Union.

The collaboration includes hydrogen sourcing and logistics, dispensing of hydrogen in service stations, development of hydrogen-based trucks, establishment of a customer base and other areas.

By 2030, TotalEnergies plans to operate up to 150 hydrogen refuelling stations in Germany, the Netherlands, Belgium, Luxemburg, and France.

Daimler Truck has committed to start offering hydrogen-powered fuel-cell trucks to its customers by 2025.

Source » Daimler Truck AG

Chinese EV maker Geely shows off electric transport truck concept

Farizon Homtruck

CNBC »

Geely’s commercial vehicle group, Farizon Auto, is planning to roll out the new Homtruck in 2024 and is targeting international markets too, the divisions CEO Mike Fan told CNBC in an interview on Monday.

“This product is designed and developed facing the global market,” Fan said, according to a CNBC translation, adding that the company would target Europe, Korea, Japan and North America, with the new vehicle.

Geely’s Homtruck launch comes as a number of automakers from Mercedes-owner Daimler to Warren Buffett-backed BYD have announced their own electric trucks. Tesla, which announced its own truck called the Semi in 2017, has delayed production of that vehicle for some time.

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Elsewhere » Just Auto

International opposition mounts over proposed U.S. EV tax credit

Reuters »

The European Union, Germany, Canada, Japan, Mexico, France, South Korea, Italy and other countries wrote U.S. lawmakers saying a proposed U.S. electric vehicle tax credit violates international trade rules, according to a joint letter made public Saturday.

A group of 25 ambassadors to Washington wrote U.S. lawmakers and the Biden administration late Friday saying “limiting eligibility for the credit to vehicles based on their U.S. domestic assembly and local content is inconsistent with U.S. commitments made under WTO multilateral agreements.”

The U.S. Congress is considering a new $12,500 tax credit that would include $4,500 for union-made U.S. electric vehicles and $500 for U.S.-made batteries. Only U.S. built vehicles would be eligible for the $12,500 credit after 2027, under a House proposal released this week.

Canada and Mexico have issued separate statements in the last week opposing the plan. The U.S. State Department declined to comment Saturday and the White House did not immediately respond to a request for comment.

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