China’s biggest electric car maker in the world, BYD, announced the next stage of its European strategy with the construction of a massive manufacturing and production centre in Szeged, Hungary.
The state-of-the-art facility will be the first of its kind built by a Chinese automotive company in Europe and will have a highly advanced car production line as it gradually ramps up manufacturing and creates thousands of jobs and means the car maker will not be subject to EU tariffs or trade restrictions and will be able to compete on equal terms with other EU car makers.
UK car production rose 14.8% in November, said the Society of Motor Manufacturers and Traders.
There was a 13% increase in models made for the UK market and electric vehicles shot up 2-% among 91,923 cars through factory gates, an increase of 11,832 on November last year, representing the best performance for the month since 2020 as supply chain challenges moved firmly into the rear-view mirror.
Used car prices have fallen 20% in the last year, reports intermediary agency Honkhonk.
Owners don’t realise the boom in business immediately after the pandemic and shortage of cars has evaporated and supplies are now building so prices of stock are falingback.
SsangYong Motor UK has been renamed KGM Motors UK (KGM) with immediate effect.
The announcement signifies a refresh of the brand vision with a focus on pioneering the next generation of mobility solutions and incorporating cutting-edge technologies such as electrification, autonomous driving, and artificial intelligence.
GRIDSERVE overtook Pod Point as network used by the highest number of drivers last year.
Zapmap, the UK’s leading charge point mapping service, has released the results from the most comprehensive survey of electric vehicle drivers in the country and also disclosed that more drivers are now recharging at motorway services than in supermarket car parks.
A NIO ET7 long range battery powered model has completed a 1,000Kms – about 620 miles – non-stop trip through China in a feasibility demonstration.
The ten-year-old car maker has extensive links with engineering and educational establishments throughout Europe and is planning a range of global models and sales networks.
President Vladimir Putin has ordered the seizure of Russia’s largest car dealership from exiled former lawmaker and billionaire Sergei Petrov, according to a presidential decree citing alleged fraud and reported in the Moscow Times.
Shares in the Rolf dealership will be transferred from the Cypriot company Delance Limited and Rolf Motors to Russia’s Federal Property Management Agency (Rosimushchestvo), according to the document in a move criticised by the opponent of Putin and who has denied any criminal activity.