Automotive Industry

cross-posted from: https://lemmy.ml/post/13231268

Stranded assets: Chinese fossil car production plunges amid surging EV demand

It is expecting to see lower operating returns this year, of between 15% and 17%, compared with 18% in 2023.

archived

ZF also intends to invest $19.6 billion in new technologies and plants in the coming years.

Under that deal, Stellantis would have exclusive rights to build, export and sell Leapmotor products outside China, a first for a legacy western automaker. Stellantis would own 51% of the joint venture.

In 2026, Euro NCAP points will be deducted if some controls aren't physical.

The electric car manufacturer Fisker warns in its latest annual report that it may not be able to continue operations. The current resources are not sufficient to cover the next twelve months.

Weighing in at around 3.5 metric tons, the model can also park sideways like a crab or make a complete turn on the spot thanks to four electric motors, one in each wheel.

Specifically, 5,000 units of the E10X small electric car from JAC Yiwei are being transported to Central and South America.