Automotive Industry and Business News

Queensland Subsidizes First Gas Peaking Plant in Decade

2Dec

By M.ChenNo Comments

Queensland Subsidizes First Gas Peaking Plant in Decade

The Queensland government has agreed to subsidize the construction of a new gas peaking plant, marking the first such project in over ten years. The Brigalow gas power station will have a capacity of 400 megawatts (MW) and is set to begin operations by 2028.Key TakeawaysThe Queensland government provides financial support for the Brigalow gas peaking plant, a first in over ten years.CS Energy will purchase power from Brigalow under a 25-year hedge offtake agreement to mitigate risks associated with low wholesale electricity prices.The project aims to add up to 8.3 gigawatts (GW) of gas-fired generation capacity by 2035, according to the state's energy roadmap.Queensland’s Brigalow gas peaking plant is a joint venture between APA Group and CS Energy, set to be built next to Kogan Creek coal...

2Dec

By S.MartinezNo Comments

Industry & Business, News

Citroën C3 Leads Brand’s Comeback with Strong Sales Surge

The Citroën C3 is making headlines as it propels the brand back into the spotlight. With sales surging by 48% in October, this little hatchback has become a beacon of hope for Stellantis and its French marque.Key TakeawaysCitroën C3 sales are up 48% in October, making it the fourth best-selling car in France.The C3 uses a smart platform shared with its electric sibling, ë-C3, which has helped boost its appeal and efficiency.Despite not being a new model, the C3 is outperforming many of its competitors thanks to fresh design elements and innovative features.The C3's success story isn't just about numbers; it’s also about how Citroën has managed to revitalize an existing model. The car uses the same platform as its electric counterpart, ë-C3, which was launched in October 2023 and revealed f...

JAC T9 Enters Australian Market with New Cab/Chassis and Up-Spec Variants

2Dec

By S.MartinezNo Comments

Industry & Business, News, Pickup Trucks

JAC T9 Enters Australian Market with New Cab/Chassis and Up-Spec Variants

Are you ready for a new contender in the tough Australian pickup truck market? JAC Motors has just announced pricing details for its first cab/chassis model, the JAC T9, alongside two up-spec variants tailored to Aussie drivers. This move by JAC signals their intent to challenge established players like Toyota's HiLux with competitive offerings.Key TakeawaysJAC introduces its first Australian cab/chassis model, the T9.New up-spec variants target salary packaging customers in Australia.Pricing details reveal JAC's competitive stance against Toyota HiLux.The JAC T9 is making a big splash with its robust design and practical features. Whether you're hauling heavy loads or towing trailers, this truck promises to deliver the power and reliability needed for any job. Its rugged exterior and spac...

EU’s Mineral Finance Strategy Lags Behind China and US Efforts

2Dec

By J.CarterNo Comments

Industry & Business, News

EU’s Mineral Finance Strategy Lags Behind China and US Efforts

As Europe races to secure critical raw materials for clean energy technologies, a recent study by Transport & Environment (T&E) highlights the EU's struggle in effectively financing mineral projects. The report reveals that while several initiatives aim at building resilient supply chains, concrete progress is lacking compared to overseas investments.Key TakeawaysThe European Union has invested only USD1.7 billion in critical raw materials since 2020, all of it in Argentina, while China has invested over USD15 billion globally.Eurozone Export Credit Agencies (ECAs) have played a limited role in the extractive sector for critical raw materials despite their potential to de-risk projects and mobilize significant capital.There is no cohesive EU strategy or mechanism to deploy ECAs' co...

BYD Recalls Over 88,981 Plug-In Hybrids Due to Battery Issues

2Dec

By M.ChenNo Comments

EV & Electric Cars, Industry & Business, News

BYD Recalls Over 88,981 Plug-In Hybrids Due to Battery Issues

Chinese automaker BYD has announced a recall affecting nearly 89,000 Qin PLUS DM-i plug-in hybrid vehicles in China due to potential battery defects. The problem stems from manufacturing inconsistencies that could lower the battery's output and cause electric-drive mode shutdowns.Key TakeawaysBattery manufacturing issues led to a recall of 88,981 Qin PLUS DM-i vehicles manufactured between January 2021 and September 2023.The recall includes over-the-air software updates to address the issue, followed by free battery pack replacements if necessary.This is BYD's second major recall in recent months, indicating a growing focus on quality control for electric vehicle batteries.BYD’s latest recall covers Qin PLUS DM-i models manufactured between January 2021 and September 2023. The issue involv...

Tesla Bear Michael Burry Criticizes Company Valuation as ‘Ridiculously Overvalued’

2Dec

By M.ChenNo Comments

EV & Electric Cars, Industry & Business, News

Tesla Bear Michael Burry Criticizes Company Valuation as ‘Ridiculously Overvalued’

Investor and <a href="https://autoglobalnews.com/elon-musk-urges-legacy-automakers-to-license-tesla-s-fsd-ai-technology/" style="color:#1a73e8;text-decoration:underline;" title="Elon Musk Urges Legacy Automakers to License Tesla’s F">Tesla bear, Michael Burry, recently criticized the company's valuation in a newsletter to subscribers, stating that it is "ridiculously overvalued". Burry, known for his role in predicting the housing market crash portrayed by Christian Bale in The Big Short, has long been skeptical of Tesla and its CEO Elon Musk.Key TakeawaysTesla's current valuation is considered "ridiculously overvalued" by Michael Burry.Burry notes that the company has shifted focus from electric vehicles to robotics and AI amid increasing competition.The investor previously pla...

Virgin Media Fined £23.8m for Leaving Vulnerable Customers at Risk During Digital Switchover

2Dec

By AGN EditorNo Comments

Industry & Business, News

Virgin Media Fined £23.8m for Leaving Vulnerable Customers at Risk During Digital Switchover

Virgin Media has been fined £23.8 million by the UK's communications regulator, Ofcom, for failing to protect thousands of vulnerable customers during its digital switchover process.Key TakeawaysVirgin Media was fined £23.8m for leaving telecare users at risk.The fine is the third largest issued by Ofcom, after penalties to Royal Mail and BT.Ofcom raised concerns about potential safety impacts on elderly and disabled customers.Vulnerable customers, typically elderly or disabled individuals who rely on telecare alarms for emergency calls, were left without proper support during the transition from analogue to digital services. Ofcom's investigation found that Virgin Media failed to identify these users correctly, leaving their devices disconnected from alarm monitoring centers.The watchdog ...

Alfa Romeo Launches Ultra-Limited Giulia Quadrifoglio Collezione in UK

2Dec

By AGN EditorNo Comments

Industry & Business, News

Alfa Romeo Launches Ultra-Limited Giulia Quadrifoglio Collezione in UK

Alfa Romeo has unveiled the ultra-exclusive Giulia Quadrifoglio Collezione, available to just two buyers in the United Kingdom. The special edition pays homage to the brand’s heritage with unique features and limited production.Key TakeawaysThe new Alfa Romeo Giulia Quadrifoglio Collezione is available exclusively for two UK buyers.Only 63 models of the special edition will be produced globally, split between the Giulia and Stelvio Quadrifoglio Colleziones.Each car features unique design elements such as carbon-fibre components and a distinctive red paint finish.The limited-edition model celebrates Alfa Romeo’s heritage by referencing the first vehicle to wear the Quadrifoglio badge, the 1963 Giulia Ti Super. The new Collezione version comes with an Akrapovič exhaust system and carbon-cera...

Geely Galaxy M9 Completes Epic Eurasian Run, Shows Off in Paris

2Dec

By S.MartinezNo Comments

Industry & Business, News

Geely Galaxy M9 Completes Epic Eurasian Run, Shows Off in Paris

The Geely Galaxy M9 SUV has just completed an incredible journey across the vast expanse of Eurasia, covering a staggering 18,000 kilometers. To celebrate this feat and showcase its durability, the vehicle was disassembled live on camera in Paris.Key TakeawaysThe M9 SUV traveled an impressive 18,000 km across varied terrains and climates.Geely dismantled the car publicly to demonstrate its durability after the long journey.The M9 is equipped with a powerful hybrid system offering up to 230 km of pure-electric range.This ambitious endurance test was designed not just to push the limits of the M9, but also to build trust and transparency with potential buyers. The SUV's journey started from its production base in China and took it through diverse landscapes, including deserts, mountains, and...

DonutOS: Revolutionizing EV Design with Digital Twin 2.0

2Dec

By E.WilsonNo Comments

Industry & Business, News

DonutOS: Revolutionizing EV Design with Digital Twin 2.0

Finland's Donut Lab has unveiled DonutOS, a groundbreaking software platform that promises to change the way electric vehicles (EVs) are designed and manufactured. This new technology allows companies to create an interactive virtual vehicle that mirrors every system, sensor, and control unit in real-time, making it possible to test entire EV responses before any physical hardware is built.Key TakeawaysDonutOS enables the design, simulation, and validation of electric vehicles entirely within a digital environment.The platform offers startups the chance to compete with major OEMs by compressing development cycles from years to months or even weeks.OEMs can reduce prototyping costs while ensuring consistent software updates across both virtual and real fleets.DonutOS is a for EV manufactur...