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Türkiye seeks cooperation with China on electric cars, battery production: … enabling them to export electric vehicles to global markets,… production base for electric vehicles and batteries." … investment in the electric vehicle sector, Türkiye had … for boosting Turkish nascent electric vehicle industry. Ozepeynirci also … #car #cars #awesome

In an open letter to the #EuropeanUnion, #Renault CEO Luca de Meo says the #European #automotive industry “is facing an onslaught of #electricvehicles from #China” and advocates for “a European Marshall Plan” to accelerate the transition to #EVs. In the 19 page letter, the Renault CEO covers a range of issues facing Europe including the staggering pace at which China is taking global auto market share through its dominance of electric vehicles and proposes a set of recommendations and projects for Europe to respond with. These include a greater focus on smaller EVs, last mile delivery vans, buying incentives, charging infrastructure and vehicle to grid (#V2G) technologies. “We are aware that this will require a paradigm shift,” says de Meo. “The prosperity of Europe is at stake.” A European Marshall Plan to rebuild the auto industry The original Marshall Plan, enacted in 1948 (officially called the European Recovery Program, #ERP) was a $US13.3 billion ($US173 billion in today’s money) fund provided by the #US to rebuild Western Europe after #WW2. De Meo reference indicates the scale of what he says is required for Europe’s car industry to survive the global shift to EVs. “The principle would be the same as for the post-Covid recovery plan,” de Meo says. “At national level, incentives would be put in place for the purchase of new or used electric vehicles. In order to be effective, a scheme of this type would need to be based on a timeframe of ten years.” De Meo says Europe should “revolutionise last-mile deliveries” by establishing a framework for new European companies specialising in electrified solutions for urban deliveries, and focus on coordinating and rolling out charging infrastructure and incentivising V2G. China dominates the world on electric vehicles De Meo sees the explosion of electric vehicle manufacturing in China as the greatest threat to the European automotive industry. “China is making rapid inroads into the #allelectric vehicle segment. Buoyed by its huge domestic market (8.5 million electric vehicles sold in 2023, according to the Chinese Passenger Car Association, or 60% of the global total), it already had market share of close to 4% in Europe in 2022,” says de Meo. “In 2023, around 35% of electric vehicles exported worldwide were #Chinese. As a logical consequence of this trend, European imports from China have increased fivefold since 2017. This has sharply widened the trade deficit between Europe and China, which now stands at almost €400 billion after doubling between 2020 and 2022!” According to de Meo, the auto industry in Europe employs 13 million making up 7% of all employees and 8% of production workers. The sector also accounts for 8% of Europe’s #GDP. The European auto industry spends €59 billion per year which equates to 17% of Europe’s total R&D.

The renowned Renault Group is making a major move with the formation of an independent entity, Renault ElectriCity, poised to propel electric car production into new heights. Nestled in the strategic location of northern France, Renault ElectriCity will energize the Douai, Maubeuge, and Ruitz plants with a vision to achieve an impressive production target of 400,000 vehicles yearly by 2025. This ambitious goal will not only cement their status as a leading EV production hub but also inject a significant boost in employment with 700 new permanent jobs on the horizon! Renault ElectriCity promises not just advancements in technology and production but also a sustainable evolution for the workforce and the region. As professionals gear up to take on the new roles, Renault demonstrates its steadfast dedication to leading the charge in the EV revolution. #RenaultElectriCity #ElectricVehicles #AutomotiveInnovation 🌱🔋🚘

The withdrawal of European and U.S. governments and automotive giants from the electric vehicle sector is not a trivial matter. For Chinese companies , it is necessary to consider the impacts of this significant shift. #electricvehicle #newenergyvehicles #China #UnitedStates #Europe #automotiveindustry #carmarket #automotive https://lnkd.in/gbPZAXqu

🔋 Renault Group's Electrifying Strategy: Cutting Battery Costs by 20%! 💡 #RenaultInnovates as it adopts #LFP chemistry and new production processes for EVs. Partnering with LG Energy Solution for extended range, Renault's Ampere unit is set to revolutionize EV affordability from 2026. 🚗 ⚡With a European supply chain in the works, including #CATL and #LG, Renault's taking on Chinese competition head-on. 🇪🇺🇨🇳 Despite market challenges, Renault's pushing forward, balancing innovation with cost-efficiency. Will this help to spark a new era in European EVs? 🤔 Read more at https://lnkd.in/e_jaCS35 #EVInnovation #AutomotiveFuture #SustainableMobility

The renowned Renault Group is making a major move with the formation of an independent entity, Renault ElectriCity, poised to propel electric car production into new heights. Nestled in the strategic location of northern France, Renault ElectriCity will energize the Douai, Maubeuge, and Ruitz plants with a vision to achieve an impressive production target of 400,000 vehicles yearly by 2025. This ambitious goal will not only cement their status as a leading EV production hub but also inject a significant boost in employment with 700 new permanent jobs on the horizon! Renault ElectriCity promises not just advancements in technology and production but also a sustainable evolution for the workforce and the region. As professionals gear up to take on the new roles, Renault demonstrates its steadfast dedication to leading the charge in the EV revolution. #RenaultElectriCity #ElectricVehicles #AutomotiveInnovation 🌱🔋🚘

A manifesto and roadmap for a mobility ecosystem across Europe aims to create a global hub for green and smart vehicles. Luca de Meo, president of the European Automobile Manufacturers' Association (ACEA), aims to implement initiatives based on five policy recommendations for the next five years. #acea #environment #automotive

Honda and Thailand collaborate to boost electric vehicle production: … with Honda executives to support electric vehicle production, affirming commitment to … Government and Honda Discuss Electric Vehicle Production The Thai government has … executives regarding the support of electric vehicle production within the country. … #car #cars #awesome

Togg, Türkiye's domestic electric vehicle (EV) manufacturer, emerged as the market leader in the first half of 2024, dominating the nationwide EV sector. According to data from the Turkish Automotive Manufacturers Association (OSD), Togg captured 28% of the market share, delivering 8,500 units between January and June. Don't miss the most important daily news about emerging energy innovations, and new fast-growing markets. Subscribe to: 𝐈𝐁𝐂𝐄𝐍𝐓𝐑𝐄 𝐈𝐍𝐒𝐈𝐃𝐄𝐑: https://lnkd.in/geuhTh-M #ElectricVehicle #EV #MarketLeader #Türkiye #SustainableMobility #GreenTransportation #CleanEnergy #Innovation #CarbonReduction https://lnkd.in/gJRpPqmB