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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

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Toyota boosts 2023 Corolla Hybrid; starting MSRP $1,250 lower than 2022 Corolla Hybrid

Green Car Congress

The Toyota Corolla Hybrid enters the 2023 model year as a thoroughly upgraded model. The 2023 Corolla Hybrid now offers a choice of five model grades versus just one before. The 2023 Corolla Hybrid LE grade gets a $1,250 price reduction (starting from $22,800, down from $24,050). As before, the system pairs a 1.8-liter

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2023 Toyota Corolla offers four new hybrid models with new AWD available; first Corolla Cross Hybrid

Green Car Congress

Toyota is expanding its 2023 Corolla lineup with four new Hybrid grades, including a more powerful hybrid system and available all-wheel drive. Toyota is also expanding its Corolla Cross family with the first hybrid model in that lineup. Corolla Hybrid. Toyota Corolla Cross Hybrid. Corolla Cross Hybrid.

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Volvo Cars January global sales up 2%; Recharge models up 31%, for 40.7% of all cars sold

Green Car Congress

Volvo Cars reported global sales of 48,520 in January, up 2% compared to the same month last year. Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 31% in January year-on-year, accounting for 40.7% of all Volvo cars sold globally during the month. US sales reached 7,693 cars, up 8.2%

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Electrek

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year.

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Kia keeps to EV goals but plans to enhance hybrid lineup

Green Car Reports

Kia remains committed to an ambitious EV sales goal, but plans to keep hybrids and plug-in hybrids as part of its product mix, the automaker announced Friday in a presentation to investors. million global EV sales annually by 2030. Kia still targets 1.6

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Volvo Cars global sales up 31% in May; fully electric cars up 196%

Green Car Congress

Volvo Cars reported global sales of 60,398 cars in May, up 31% compared with the same month last year. Sales of Volvo Cars´ Recharge models of fully electric and plug-in hybrid cars increased by 55% in May, accounting for 40% of all Volvo cars sold globally during the month. The share of fully electric cars stood at 18%.