Toyota Motor Corp. plans to use its own gigacasting machinery to make electric vehicles at a $2 billion Lexus factory in China, part of its push to reverse a sales decline in the world’s biggest car market.
Jaguar presented the first model of its new fully electric lineup, a £130,000 ($172,000) grand tourer aimed at breathing new life into the storied British brand.
Chinese automakers grabbed another record share of Europe’s car market last month, luring buyers still wary about going fully electric with more affordable hybrid vehicles.
Aston Martin Lagonda Global Holdings Plc’s losses are widening as the troubled British carmaker struggles to gain momentum with its latest turnaround effort.
Chinese car brands snapped up more than a third of new plug-in hybrid sales in Europe last month, as automakers from the country push those models ahead of any potential tariffs.
Jaguar Land Rover will add more hybrid sport utility vehicles as part of a plan to target the US, becoming the latest automaker to temper its electric ambitions.
Chinese automakers accounted for more than 15% of electric-vehicle sales in Europe for the first time last month as consumer appetite for models from the country shows no sign of slowing.
Demand for affordable electric vehicles is soaring in Europe as the fuel price increases caused by the Middle East conflict spur lower-income households to go green.
