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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe.

Motor 284
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Electric Last Mile Solutions announces long-term supply agreement with Wuling Motors

Green Car Congress

Electric Last Mile Solutions (ELMS), a designer of intelligent, e-mobility workstations for the last mile, signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co., Urban Delivery is expected to enter the US market at a starting price of approximately $25,000, after incentives.

Miles 259
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Japanese automobile industry establishes joint Research Association of Automotive Internal Combustion Engines (AICE)

Green Car Congress

Eight Japanese automakers and one automobile research institute—Suzuki Motor; Daihatsu Motor; Toyota Motor; Nissan Motor; Fuji Heavy Industries; Honda R&D; Mazda Moto; Mitsubishi Motors; and Japan Automobile Research Institute (JARI)—have jointly established the Research Association of Automotive Internal Combustion Engines ( AICE ).

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

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. —Yu Jun, General Manager of GAC Motor.

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LG and Magna to develop next generation autonomous driving-infotainment solution proof of concept

Green Car Congress

LG Vehicle component Solutions (VS) Company, a supplier of In-Vehicle Infotainment (IVI) systems in the automobile industry, has been proactively exploring its portfolio of future products and technologies. This concept will focus on creating executable IVI-ADAS solutions to better meet carmakers’ vehicle programs.

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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

Europe, the birthplace of the automobile industry, to North America across the Pacific Ocean, has always been the top stage that Chinese car companies hope to step on. However, the Southeast Asian market at home has recently become a new target for many car companies. A large market of 10 million vehicles.

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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.