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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ million of them—roughly 30% more units than conventional electric vehicle makers did.

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Volkswagen Group returns to profitability with new record for sales revenue and operating result in 2016

Green Car Congress

The Volkswagen Group made progress in 2016 in overcoming its self-inflicted diesel crisis. Sales revenue in fiscal year 2016 rose by €4.0 The Group therefore reached not only its targets for 2016 but also a new record, helped in particular by increases in Western and Central European markets and in the Asia-Pacific region.

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Hyundai Motor launches new global luxury brand Genesis

Green Car Congress

Hyundai Motor is launching an all-new global luxury brand—Genesis—as a stand-alone brand that operates alongside the company’s popular Hyundai marque. Continuing the customer-oriented approach that flows through every Genesis model, sales and service staff will provide rapid and attentive service to customer’s requests.

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

It is also plays a significant role in pushing forward GAC Motor’s global branding strategy. The planning and construction of this industrial park is a concrete step to implement the Chinese government’s green development goals for Guangdong and the national ‘Made in China 2025’ strategy. —Yu Jun, General Manager of GAC Motor.

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Ford introducing new midsize SUV in China; Territory will offer 48V mild hybrid and plug-in hybrid variants

Green Car Congress

The Territory is a breakthrough for Ford in China in terms of our ability to successfully compete with Chinese automakers for millions of customers that we do not currently serve. —Peter Fleet, president, Asia Pacific and chairman & CEO, Ford China. Indigenous Chinese automakers in particular have capitalized on this trend.

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Navigant Research forecasts battery-electric to be leading type of electric powertrain for buses through 2026

Green Car Congress

In a new report, “ Medium and Heavy Duty Buses with Hybrid, Plug-In Hybrid, Battery Electric, and Fuel Cell Powertrains: Global Market Analysis and Forecasts ”, Navigant Research forecasts that the battery EV (BEV) will be the leading type of electric powertrain for buses through 2026.

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Report: Ford CEO Says China Strategy Changing

The Truth About Cars

CEO Jim Farley has reportedly returned from Asia to finalize those plans, which were reiterated during a press call about Ford’s first-quarter earnings held earlier in the week. Ford has introduced new models specifically designed to cater to Chinese customers. Asia has historically proven to be a slippery fish for American automakers.

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