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Automotive DECODED

Latest edition: 14 May 2024
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Spotlight

Lightstate CEO: “We need to entice people into the new green world”

The UK energy tech start-up harnessing the power of solar for EV charging

Latest news

China's Leapmotor to begin EU expansion in Q4

Stellantis and Leapmotor have announced their JV Leapmotor International will start exporting to mainland Europe in September of this year.

Biden to hike China EV tariff - report

President Joe Biden would quadruple tariffs on Chinese electric vehicles and sharply increase levies for other key industries this week, unveiling the measures at a White House event framed as a defence of American workers, Bloomberg sources said.

China sales rise 9% in April

Vehicle sales by General Motors (GM) and its joint ventures in China increased 15.3% year on year last month to an April record of 261,870 units.

Nio to launch new family car brand

Chinese battery electric vehicle (BEV) startup Nio plans to launch a new brand to help strengthen its sales of battery powered family passenger vehicles, according to local reports.

JLR enjoys record quarter

Jaguar Land Rover Automotive claimed a record breaking final quarter for the three months to 31 March 2024, with revenue up 11% year on year to GBP7.9bn, while full year revenue was up 27% to JPY29bn, also a record.

First female CFO for Ford

Ford Motor Company has announced it has hired Lucid Motors’ former Chief Financial Officer (CFO), Sherry House to replace John Lawler in early 2025.

Musk says Tesla supercharging network to get $500m this year

Tesla’s CEO Elon Musk said that the firm would spend over $500 million this year to expand its supercharging network.

Honda FY operating profit soars

Honda sales revenue for the fiscal year ended 31 March, 2024 increased 20.8% year on year to JPY20,428.8bn due mainly to increased sales revenue in the automobile business as well as positive foreign currency effects.