Automotive Industry

cross-posted from: https://lemm.ee/post/60133446

• Under the proposed changes published on Tuesday, the EU would base compliance with the CO2 rules for 2025 on a carmaker's average emissions over the period 2025-2027, rather than just this year.

• The Czech Republic, a hub for car manufacturing, has previously said it would push for a five-year compliance period.

• Volkswagen and Renault are among those that have expressed support for extending the compliance period

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-Volkswagen intends to shorten the time between development and launch to 36 months from 54 months, Thomas Schafer, CEO of the company's passenger car brand, told reporters last week. The German group hopes to achieve the faster turnaround by working closer with Chinese EV maker Xpeng Motors.

-Renault, whose profit sank 66%, revealed in January that it opened a research and development center for EVs in Shanghai.

-Stellantis is partnering with Leapmotor Technology to sell compact EVs from the Chinese startup in Europe.

-Mercedes-Benz will reduce annual production capacity of its German factories from 1 million vehicles to 900,000. Volkswagen will cease production at two German factories and cut 35,000 jobs by 2030.