Category Archives: News

AUDI and SAIC created a new sub-brand

SAIC is the largest of the “Big Four” state-owned car manufacturers of China, which recently established a sub-brand with the German brand Audi with the intention of producing cars only for the Chinese market. The name of the sub-brand is AUDI and it will offer the best of both worlds, combining German DNA and Chinese innovation.

AUDI will only offer fully electric cars with a focus on what Chinese customers want such as connectivity, automation and performance. That’s why Audi and SAIC created the Advanced Digitized Platform, on which future AUDI cars will be based, the first of which is the AUDI E concept, which debuted in Shanghai.

The AUDI E concept has a minimalist design with thin front lights connected by a thin line, and the same motif continues with the narrow lights at the back. It is slightly larger than the current Audi A6, and in the cockpit, the 4K screen that provides superb connectivity attracts attention.

This concept shows what the future cars of this sub-brand will look like. The plan is to launch three electric models based on this concept on the Chinese market, the first of which will debut in mid-2025.

AUDI E is powered by two electric motors with a total power of 775 hp (570 kW), which enables acceleration to 100 km/h in 3.6 seconds. It is equipped with a 100 kWh battery which, according to the Chinese CLTC, enables a range of 700 km. Its 800-volt architecture supports fast charging, and a 10-minute charge provides an electric range of 370 kilometers.

Source: Reuters

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Leapmotor suspends investments in Poland

Carlos Tavares was looking forward to a very successful future when a few months ago it was confirmed that the first electric cars from the Chinese manufacturer Leapmotor would leave the factory in Tychy. However, before it even started, everything fell apart because Leapmotor decided to stop investing in the factory in Poland.

It’s a project that Leapmotor was supposed to launch with one of the world’s largest automotive conglomerates, Stellantis, but at the end of last month, the Chinese government called on its manufacturers to immediately stop investing in Europe in response to the imposition of tariffs on their products.

Not all EU members were in favor of introducing additional tariffs on Chinese products, such as Germany, Hungary, Malta, Slovenia or Slovakia, but 10 of them stood by the decision that the new tariffs will protect the European market. One of them is Poland, so China started to take revenge.

In the factory in Tychy, semi-finished products are assembled, and the Chinese company has informed the Polish Trade and Investment Agency that, according to the order of the Chinese Ministry of Economy, it is suspending investments in Poland.

The only model that Leapmotor will produce in Poland for now is the T03, and the first cars will leave the production lines in the coming weeks.

Source: Reuters

Nissan cuts 9,000 jobs

Nissan is in trouble, and in order to save what can be saved, the company is selling its share in Mitsubishi Motors, but also reducing production capacity, which puts 9,000 jobs in question.

CEO Makoto Uchida cut his salary by 50% and presented a reform plan to pull the company out of the abyss. That includes reshuffles of some officials, including Nissan president Guillaume Cartier who has been moved to the position of executive director of performance. He lowered forecasts related to sales and operating profit for the whole year, but also the previously set target for net income.

Nissan currently has 133,580 employees, and it is predicted that the planned reforms and cutting 9,000 jobs would save the company three billion dollars. The intention is to reduce global capacity by 20 percent, so that global production capacity worldwide amounts to 5 million cars. Nissan has 30 new or refreshed models in the lineup and has no plans to phase them out, but is likely to shift launch dates depending on market needs.

Also, the company announced the sale of 1/3 of its 34 percent stake in Mitsubishi, but even after the sale it should remain the largest shareholder.

Source: Reuters