article thumbnail

GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Despite being a pioneer in hybrid vehicles, Toyota was slow to implement BEV strategies; President Akio Toyoda announced the bZ EV brand only last year. Toyota has the highest growth contribution given the level of investment announced but remains largely attributed to hybrid vehicles, followed by battery and hydrogen-powered vehicles.

Global 370
article thumbnail

Global Automakers urges NHTSA to set a safe, but not too loud minimum sound requirement for hybrid and electric vehicles

Green Car Congress

In its comments to the National Highway Traffic Safety Administration’s (NHTSA) proposed rule to add sound to hybrid and electric vehicles, the Association of Global Automakers is asking the agency to find a noise level that effectively alerts pedestrians without being excessively loud. Striking a balance is important.

Global 225
article thumbnail

Geely officially discloses new global B-segment automobile modular architecture: BMA; new BMA-based SUV to launch this year

Green Car Congress

Automobile modular architectures—for example, TNGA of Toyota, and MQB, MLB and MEB of the Volkswagen Group—hav become a major trend in the auto industry. The BMA platform will be applied in compact cars, including SUVs, sedans, MPVs, crossovers, and wagons.

article thumbnail

Tata Motors urges govt to keep hybrid tax, Toyota lobbies for cut

Baua Electric

Read more Tata Motors has opposed Toyota’s appeal for tax reduction on hybrid cars, claiming that they are more polluting than electric vehicles and should not be given a tax advantage. Hybrid cars have been touted as the bridge to fill in the gap between internal combustion engine technology and electric propulsion tech.

Tax 95
article thumbnail

China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

Green Car Congress

China’s State Council has published a plan to develop the domestic energy-saving and new energy vehicle industry, which includes battery-electric vehicles, plug-in hybrid vehicles and fuel cell vehicles. 2012 Chinese Auto Industry Development Report. Fuel cell stack research.

article thumbnail

Rheinmetall wins another new order for engine blocks; “last man standing” strategy in ICE sector pays off

Green Car Congress

Placed by an alliance of two globally active, well-known automakers, the order encompasses several hundred thousand engines blocks worth a figure in the mid-double-digit million-euro range. Rheinmetall has won a new order in the internal combustion engine sector, a result the company says indicates its “last man standing” strategy.

Engine 150
article thumbnail

Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09

Hyundai 68