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Foton Motor and motorcycle leader Piaggio Group partner on development of light commercial vehicles; EVs to come

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Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. The European market is an important sector for the global development of Foton Motor. Piaggio Porter. In 2017, its global sales volume of commercial vehicles hit 176,800 units.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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However, a slowdown is being signaled with just two of the high-potential BRIC markets likely to see increased sales this year. China will lead the sector’s volume growth, with particular strength in SUVs, though IHS expects the market to slow from 2014. —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive.

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Penske orders 750 Ford E-Transit cargo vans for rental and leasing fleet

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These are the first light-duty electric trucks to be made available in Penske’s rental and leasing fleet, as previously announced. Penske Truck Leasing operates more than 372,000 vehicles and serves customers from more than 1,300 locations in North America, South America, Europe, Australia and Asia.

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BYD plans to launch Tesla Cybertruck competitor in 2024

Teslarati

According to the Chinese company’s announcement, it has developed a midsize-to-large pickup truck for the global market. BYD’s electrified pickup might not be sold in the US market, despite it being the most popular market for pickup trucks. China classifies pickup trucks, like the Tesla Cybertruck, as light trucks.

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Power Global, Rap Eco Motors to launch mass electric auto-rickshaw line powered by swappable battery technology

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In an infrastructure-light country like India, automotive OEMs are embracing solutions such as battery swapping to further reduce the upfront cost of EVs to increase access and accelerate the nation’s clean energy transition.

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Cenntro introduces two new electric vans at IAA Transportation

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The first deliveries of the all-electric commercial vehicle are planned for the first quarter of 2023 in Europe, followed by market launches in Asia, the Caribbean and South America. The LS260 is currently undergoing homologation tests in the EU.

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IHS Markit: more than 11.2M Vehicles will be equipped with V2X in 2024

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million light vehicles equipped with some form of Vehicle-to-Everything (V2X) system will be produced globally in 2024, representing 12% of the light vehicle fleet, based on new research and forecasts from business information provider IHS Markit). More than 11.2 percent in 2024.

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