OEM News
Leapmotor reportedly to begin production of small EV at Stellantis plant in Poland
Production of the Leapmotor T03 small car will start as early as the second quarter of this year, using so-called semi-knocked down (SKD) technique, which consists of turning partially assembled kits into finished vehicles, one person said, according to the report.
BYD aims for 1200-mile range with next-generation PHEVs
The new range-busting PHEV system, elements of which are expected to be revealed at the Beijing motor show in April, is an evolution of the Dual Mode (DM) system used throughout the current BYD line-up.
Rivian CEO RJ Scaringe says he's changing mindsets of what's 'possible in an electric vehicle'
"If you're in the market for a $45,000 EV, you have an incredible set of choices from Tesla. But in terms of really compelling options, there's not a lot there," Scaringe told ABC News shortly after the company debuted its R2, R3 and R3X models.
Honda and Nissan join forces on electric car technology to chase Chinese rivals
The Japanese manufacturers will work together on technology for EVs, including components and software, after signing a memorandum of understanding on Friday.
Korea's Kia, Thailand in talks over building new EV facility, sources say
Discussions are ongoing and focused on incentives sought by the carmaker from the Thai government, said the sources, who declined to be named as they were not authorized to speak on the matter.
How Ironic Is It That Stellantis Is Now Making A Profit On Plugin Vehicles?
Toyota, Samsung accelerate toward better EV batteries
Insurance News
Here's Why Your Car Insurance Has Become More Expensive
What’s behind the rapid increase in car insurance rates
Car insurance rates are up almost 21% for the 12 months ended in February, according to new Consumer Price Index data released Tuesday. The last time car insurance rates rose that much on an annual basis was 1976, not counting January, which saw the same annual rate increases.
Digital Marketing & Retail News
Dealers United Expands Automotive Services to Provide Full-Service Digital Solutions
Group 1 hires veteran automotive marketer as new CMO
Washburn’s automotive marketing and retail experience covers 30 years, most recently with automotive digital marketing firms Gulf States Marketing as president and Force Marketing as a strategic advisor.
Cazoo Switches Focus to Become ‘Pure Play’ Automotive Marketplace
“Transitioning Cazoo to a pure-play automotive marketplace business model leverages our key advantages: the nationally recognized and trusted Cazoo brand and the Cazoo eCommerce technology platform,” said CEO Paul Whitehead.
Leasing / Fleet News
Russian Automotive Fleet Rapidly Aging
According to Fit Service, a Russian network of car service centers, the average age of cars in the country is more than 14 years. Moreover, the share of cars aged 15 years or more has increased significantly over the past year, from 25% to 35%.
Top Electric Car Lease Deals: March 2024
Unfortunately, stricter sourcing requirements for the new year have cut into the savings potential of several models, but there are still deals to be had. Here's our roundup of the best EV lease deals and purchase offers in March. We update this page monthly, so check back for the latest deals.
Other News
China brings opportunities rather than 'dumping' goods in Brazil
US to probe if Chinese cars pose national data security risks
The U.S. Commerce Department probe is needed because vehicles "collect large amounts of sensitive data on their drivers and passengers (and) regularly use their cameras and sensors to record detailed information on U.S. infrastructure," the White House said.
JATO in the News
Cheap Gas and Large Vehicles See U.S. BEV Uptake Stall
That’s the latest finding of vehicle data analyst Jato Dynamics, whose report, In the slow lane: EV demand in the U.S., places the blame on relatively low gas prices and large vehicles in the world’s second-largest light-vehicle market.
The best-selling cars in Europe in January 2024 - the rankings
Amid booming EV sales in India, a nagging issue: Who will service your car?
JATO’s overview of local markets
Europe
Staying with the Swiss market, sales continue to stagnate due to the introduction of its ‘EV’ tax of 4% in January.
German lawmakers last month finally rolled out its WLTP energy consumption labelling system for cars. This includes labelling information for online configurators and is expected to be live from the beginning of May.
Italian consumers are still waiting to hear of a proposed ‘Eco’ bonus for selected Plug-In Hybrid and pure EVs. It is suggested the incentives offered will be doubled with no scrappage requirements, although some OEMs are already offering incentives ahead of the Government’s proposition.
Croatian authorities are also looking into offering incentives for EVs and Hybrids based on CO2 emissions, although no details have been confirmed as yet.
Asia Pacific
BYD has recently registered naming trademarks in Taiwan for new models and is expected to re-enter the market later this year after a six year hiatus.
In China, BYD’s ‘Urban Navigation’ (also known as Urban NOA) will be launched on March 30, with the Denza N7 being the earliest model to apply advanced intelligent driving functions.
Hyundai Motor Group recently announced it has signed an initial pact with Saudi Arabian developer Red Sea Global (RSG) for partnership in future mobility solutions in the Middle Eastern country.
Under the memorandum of understanding signed in Riyadh on March 24, the two companies will test Hyundai Motor's electric vehicles in local resort and tourism areas, and explore joint business opportunities in next-generation mobility solutions, Hyundai said in a statement. Hyundai plans to test its pure electric and hydrogen fuel-cell electric vehicles at the Ummahat Islands resort in the Red Sea area and the eco-friendly Amaala tourism complex on the west coast of Saudi Arabia, which are being developed by RSG. They will introduce advanced air mobility (AAM) solutions and autonomous vehicles in the Ummahat resort and the Amaala complex in the long term, the statement said.
Americas
Earlier this month, Stellantis announced that it will invest BRR 30 billion in Brazil by 2030, with the volume of investments programmed by automakers in the country reaching BRR 95 billion by 2032.
In late February, Ford announced that it had become the first non-Tesla automaker to use the Tesla Supercharger network across the US and Canada. To access the charging points, both new and existing Ford EVs will require an adaptor, which Ford has agreed to fund at no cost to the consumer.
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JATO Dynamics, founded in 1984, now has representation in over 51 countries around the world. We provide precision under pressure, providing the world’s most timely, accurate and up-to-date automotive information on vehicle specifications, pricing, sales and registrations for over 30 years. We offer more than just data, as we have watched the world change, and consumer mindsets alter with it we have been able to offer insights that help inform the industry. We are able to react to short-term market movements, plan for long-term developments and ultimately to meet the needs of our clients. Visit JATO at www.JATO.com for more information.
Contact
Donny Gow | Research Manager
Donny.gow@jato.com
Alice Song | Content and Communication Manager
Alice.song@jato.com