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Recently, global media released the latest spy shots of the Porsche Cayenne EV. Developed on the PPE platform, this new model embodies Porsche's latest design principles in electrification. It is slated for an official release by late 2025 or early 2026.
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Recently, Zeekr has officially entered the Indonesian and Malaysian markets by signing cooperation agreements with PT Premium Auto Prima in Indonesia and Sentinel Automotive Sdn.Bhs in Malaysia. The brand is set to make its debut in these markets in June 2024. The right-hand drive versions of the Zeekr X and Zeekr 009 will be the flagship models introduced in these regions.
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The Times reports that Volvo has begun shifting the production of its electric vehicles in China to Belgium to counter potential tariffs from the EU on Chinese imports. The models being relocated include the Volvo EX30 and EX90. Additionally, some Volvo models might be assembled in the UK.
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According to Global media reports, Turkey's Trade Ministry has announced the imposition of a 40% tariff on all cars imported from China. This measure is aimed at curbing imports, supporting domestic automakers, and reducing the country's current account deficit. Last year, Turkey's trade deficit was recorded at $45.2 billion.
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According to a report by the global marketing and intelligence company Interact Analysis, more than half of the lithium-ion batteries imported into the U.S. currently originate from China. The report indicates that it will be challenging for the U.S. to reduce its reliance on Chinese lithium-ion batteries in the short term. Additionally, the ongoing "trade war" with China could potentially hinder the U.S.'s efforts to transition to electric vehicles.
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Recently, at the 1000 Miglia (thousand mile rally), Alfa Romeo Junior and its classic car debuted together publicly for the first time. The vehicle is a newly developed small SUV, available in both all-electric and mild hybrid versions, set for its official release in the European market this coming September.
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Global media reports indicate a significant drop in the stock prices of several Japanese automakers following their admission to falsifying certification data for some models. Last week, Toyota experienced a decline of over 5.4% in its stock price, resulting in a market value loss of 2.45 trillion yen. Mazda, Japan's second-largest car company, also saw its stock price decrease by 7.7%, leading to a market value reduction of 80.33 billion yen.
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Recently, Lynk & Co officially debuted the Lynk & Co Z10. It is reported that the Z10 will be born on an 800V platform, with the company stating that it will be equipped with dual silicon carbide high-performance electric drives, accelerating from 0-100km/h in 3.5 seconds, with a range exceeding 800km, and capable of charging up to 573km in 15 minutes. Pre-sales are expected to begin in late July.
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Recently, the European Commission released preliminary findings from its investigation into subsidies for Chinese electric vehicles. Major automakers like Mercedes, BMW, and Volkswagen have voiced opposition to the EU's proposed tariffs on Chinese electric cars. In response, a spokesperson from the Ministry of Commerce expressed significant concern and dissatisfaction, stating that the Chinese industry is deeply disappointed and strongly opposes the tariffs. China has pledged to closely monitor the EU's subsequent actions and to take all necessary measures to staunchly protect the legitimate rights and interests of Chinese companies.
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