Geely Establishes Wholly-Owned Subsidiary in the Philippines to Take Over Brand Operations
2025/01/22
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Paul Tan
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Range Rover Electric Development: 117kWh Battery and Advanced Technologies
The Range Rover Electric is under development, featuring a 117kWh battery pack developed in-house by Jaguar Land Rover. The battery consists of 344 prismatic cells within an 800-volt architecture. The SUV will also include single-pedal driving mode, Terrain Response system, and ThermAssist thermal management to reduce energy consumption by up to 40%. The chassis and Intelligent Driveline Dynamics (IDD) system are being optimized for authentic Range Rover handling and improved traction on low-grip surfaces.
Press Conference by the State Council: Multiple Departments Introduce Policies for Stable Employment and High-Quality Development
On April 28, the State Council Information Office held a press conference where Vice Chairman Zhao Chenxin of the National Development and Reform Commission and others introduced policies for stable employment and economic development. Zhao announced the establishment of a childcare subsidy system, creation of special relending tools, support for service consumption and elderly care industries, and implementation of a consumption boost action plan, including targeted increase of vehicle quotas for key groups in cities with purchase restrictions.
EU Car Registrations Decline in Q1 2025, Electric Vehicle Market Share Grows
In Q1 2025, new EU car registrations declined by 1.9% year-on-year, with a slight 0.2% drop in March 2025. Battery-electric vehicle (BEV) sales grew by 23.9%, capturing 15.2% of the market share. Hybrid-electric vehicles (HEVs) increased by 20.7%, accounting for 35.5% of the market. Traditional fuel vehicles saw a decline, with gasoline car registrations down 20.6% and diesel cars down 27.1%, resulting in market shares of 28.7% and 9.5% respectively.
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EU Reduces Additional Tariffs on Chinese-Made Electric Vehicles
The European Union has revised its additional tariffs on electric vehicles manufactured in China, with brands such as Tesla experiencing a decrease in rates. Tesla's tariff rate has been reduced from 20.8% to 7.8%, and Geely's rate has also seen a reduction. This adjustment could influence the competitiveness of Chinese electric vehicles in the European market. China has welcomed the EU's decision and expressed its willingness to resolve trade disputes through dialogue and consultation.
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New Volvo S90 Unveiled with Upgraded Exterior and Interior
The new Volvo S90 has been officially unveiled, positioned as a mid-large sedan. The exterior has been upgraded with a new family-style grille and smoked "Thor's Hammer" headlights. The side profile retains the current design but features new wheels. The rear is equipped with new taillights and a small ducktail spoiler, enhancing sportiness. The interior has been refreshed with a new dashboard, an 11.2-inch floating center console screen, and optimized steering wheel trim, significantly improving the sense of fashion. The power system remains unchanged from the current model.
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NIO Announces Major Restructuring: Integration of Le Dao and Firefly Brands into NIO
On May 9, NIO announced a major organizational restructuring, integrating several departments of its sub-brands Le Dao and Firefly into the main NIO system. Le Dao is the focus of the adjustment, with its R&D, user service, and marketing departments being integrated into NIO's Product Design and Development (PD&D) and User Experience (UE) clusters, and new first-level departments for Le Dao's R&D and user service were established. The Firefly division was also integrated into the PD&D cluster, though more details were not disclosed. This move means that the Le Dao and Firefly divisions will no longer exist as independent entities.