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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

Green Car Congress

Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn).

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Groupe Renault changes China strategy: light commercial vehicles and electric passenger cars

Green Car Congress

Groupe Renault is setting a new strategy for China, based on Electric Vehicles (EV) and Light Commercial Vehicles (LCV). EV sales are expected to reach 25% of the Chinese market by 2030. million customers in China and close to 162,000 sales in 2019. Chinese ICE passenger car market. Jinbei is a well-established brand with 1.5

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Average price of new light trucks in 2019 was 43% higher than average price of new cars

Green Car Congress

Prices for new light trucks—pickups, vans, and sport utility vehicles (SUVs)— averaged 43% more than new cars in 2019. From 1990 to 1995, cars had a higher average price than light trucks. Light trucks include classes 1-3. Average prices are estimated transaction prices based on sales for selected models.

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Hyundai Motor targeting 7% of global EV market by 2030; 1.87M BEVs

Green Car Congress

In Seoul, Hyundai Motor Company unveiled a strategic roadmap to accelerate its electrification ambition as it pursues sustainable progress for the company. The company also unveiled targets for sales and financial performance to be achieved by 2030. Under the new plan, the company aims to boost annual global BEV sales to 1.87

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Ford, U Mich study finds greater greenhouse gas reductions for pickup truck electrification than for other light-duty vehicles

Green Car Congress

Researchers at the University of Michigan and Ford Motor Company have conducted a cradle-to-grave life cycle GHG assessment of model year 2020 ICEV, HEV, and BEV sedans, sports utility vehicles (SUVs), and pickup trucks in the United States. Maxwell Woody et al. 17 034031 doi: 10.1088/1748-9326/ac5142.

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

Green Car Congress

Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. Since 2016, Foton Motor and Piaggio Group have signed a Memorandum of Understanding and a Framework Agreement in succession.

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Nikkei reports Mitsubishi Motors to release electric light truck in FY12

Green Car Congress

The Nikkei reported that Mitsubishi Motors Corp. has started developing an electric light truck—its third electric vehicle—with a fiscal 2012 launch in mind. The electric light truck will allow users to recharge its battery off normal household power outlets.