Industry & Business

The Industry & Business category covers the business side of the automotive world, including earnings reports, sales figures, factory investments, partnerships and regulations. Here you will find analysis of market trends, EV transition strategies, regional policies and how major brands position themselves in global competition.

Lotus Eletre PHEV Set to Debut in China and Europe
29Nov By E.WilsonNo Comments
EV & Electric Cars, Industry & Business, News

Lotus Eletre PHEV Set to Debut in China and Europe

Lotus, the British sports car maker now owned by Geely, is set to make a significant move into the plug-in hybrid (PHEV) market. The company’s CEO, Qingfeng Feng, announced that the Lotus Eletre PHEV will debut in China in January 2026 and launch in Europe later that year.Key TakeawaysThe Lotus Eletre PHEV will be introduced in China in early 2026, followed by a European release in the second half of the same year.This model is expected to help Lotus recover from its recent sales dip, which saw deliveries drop by 40% this year.The Eletre PHEV will be an SUV with advanced features like a 900V high-voltage system and a mixed range of around 1,100 km.Lotus is making a strategic shift towards plug-in hybrid vehicles (PHEVs) to boost sales after experiencing significant declines this year. The ...
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Einride Sues Maersk Over Abandoned Electric Truck Deal
29Nov By M.ChenNo Comments
EV & Electric Cars, Industry & Business, News

Einride Sues Maersk Over Abandoned Electric Truck Deal

Swedish electric-truck manufacturer Einride has filed a lawsuit against Danish logistics giant A.P. Moller–Maersk over the cancellation of an agreement to deploy 300 battery-electric trucks in the US from 2023 to 2025.Key TakeawaysEinride initiated legal action against Maersk over a halted deal for 300 electric trucks.The lawsuit alleges that Maersk failed to meet its sales targets and pulled out of the agreement.Maersk counters that Einride did not deliver on its commitments, leading to contract termination in November 2024.In a heavily redacted court filing, Einride claims that Maersk withdrew from the partnership due to an inability to meet sales targets for electric capacity. The agreement was announced in 2022 and promised to deliver 300 battery-electric trucks by 2025.Maersk disputes...
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Einride Sues Maersk Over 300 Electric Trucks Deal
29Nov By M.ChenNo Comments
Industry & Business, News

Einride Sues Maersk Over 300 Electric Trucks Deal

Swedish technology company Einride has filed a lawsuit against Danish logistics giant Maersk in the United States over a failed electric truck deal. The agreement, signed in 2022, aimed to introduce 300 battery-electric heavy trucks and 150 charging stations into Maersk's US logistics network.Key TakeawaysThe original deal was for the deployment of 300 electric trucks in Maersk’s U.S. operations by 2025.In November 2024, Maersk terminated the contract citing Einride's failure to deliver additional vehicles and pay suppliers.Einride claims Maersk withdrew due to not meeting its sales targets for electric capacity.The 2022 agreement between Einride and Maersk was intended to introduce 300 battery-electric heavy trucks, 150 charging stations, and related digital infrastructure into Maersk’s U...
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29Nov By AGN EditorNo Comments
Industry & Business, News

Top Deals for Porsche Owners During Black Friday and Cyber Monday

As the holiday shopping season approaches, car enthusiasts can look forward to exclusive deals on automotive supplies from November 28 through Cyber Monday. Retailers offer discounts on essential products such as car wash kits, detailing tools, and protective coatings.Key TakeawaysPorsche owners can find significant savings on car care products during Black Friday and Cyber Monday sales.Popular items include foam cannons, microfiber towels, and ceramic coating sprays.Retailers like Amazon and Walmart offer deals that last through the holiday season.This year's shopping season features early discounts on car care products. FlatSixes highlights some of the best offers available online for Porsche owners looking to maintain their vehicles throughout the winter months. Chemical Guys, Adam’s Po...
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Toyota’s Smart-Charging Initiative Puts Europe on the EV Fast Track
28Nov By S.MartinezNo Comments
EV & Electric Cars, Industry & Business, News

Toyota’s Smart-Charging Initiative Puts Europe on the EV Fast Track

Imagine waking up to find your Toyota electric vehicle (EV) fully charged and ready for a day of adventure, all thanks to smart-charging technology that optimizes when your car plugs in. That’s exactly what Toyota is rolling out across Europe with new partnerships designed to make EV ownership smoother and more sustainable.Key TakeawaysToyota partners with British Gas and The Mobility House Energy for smart-charging solutions in the UK and Germany, respectively.The initiative will shift charging to off-peak hours, reducing costs and strain on electricity grids.Participants can earn incentives through grid-balancing programs by prioritizing renewable energy use.In 2026, Toyota’s smart-charging system will debut in the UK with British Gas, allowing users to control when their EV charges. Thi...
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Geely Launches Updated Haoyue L SUV with Flexible Seating Options
28Nov By AGN EditorNo Comments
Industry & Business, News, SUV & Crossovers

Geely Launches Updated Haoyue L SUV with Flexible Seating Options

Chinese automaker Geely Auto has unveiled the updated version of its Haoyue L mid-size SUV, offering a competitive entry-level price and flexible seating configurations to challenge Chery's Tiggo 8 in the crowded fuel-powered SUV segment.Key TakeawaysThe new Haoyue L is available with five-seat, six-seat, and optional seven-seat layouts.Priced between $12,690 to $18,330 USD during its launch period, the SUV offers four trims powered by 1.5T or 2.0T engines paired with a 7-speed dual-clutch transmission.Interior upgrades include soft-touch materials, a 14.6-inch touchscreen, and advanced driver-assistance features on higher-tier models.The refreshed Haoyue L enters the market at an attractive price point of $12,690 to $18,330 USD during its launch period, with official prices ranging from 9...
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Black Friday Green Deals: Electric Vehicles and More at Unbeatable Prices
28Nov By S.MartinezNo Comments
EV & Electric Cars, Industry & Business, News

Black Friday Green Deals: Electric Vehicles and More at Unbeatable Prices

Hey car enthusiasts, holiday shopping season is here again! This year's Black Friday Green Deals are packed with eco-friendly tech that will make your wallet and the planet happy. From electric vehicles to power stations, tools, and smart devices, there’s something for everyone looking to upgrade their green lifestyle.Key TakeawaysLectric e-bikes offer up to $893 off with bundles starting from just $999.Tesla's Universal Wall Connector is now available for $600, a $50 discount.Aventon’s new e-bike models are discounted by up to $400.Rad Power and Lectric have expanded their Black Friday deals this year, offering some of the lowest prices on electric bikes we've ever seen. Rad Power's lineup starts at a wallet-friendly $999, while Lectric is giving away up to $518 in free gear with its XPre...
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Electreon and InductEV Join Forces for Wireless EV Charging Solutions
28Nov By E.WilsonNo Comments
EV & Electric Cars, Industry & Business, News

Electreon and InductEV Join Forces for Wireless EV Charging Solutions

Wireless electric vehicle charging technology is set to take a significant leap forward with the announcement that Electreon, a leader in dynamic wireless charging systems, has signed an MoU to purchase the assets of InductEV, a pioneer in ultra-fast static wireless charging. This move aims to create a comprehensive suite of solutions for all types of EVs.Key TakeawaysThe combined company will offer a full range of wireless charging options from passenger vehicles to heavy-duty trucks and autonomous vehicles.Electreon's dynamic wireless charging technology will pair with InductEV's ultra-fast static systems, creating synergies across technologies and manufacturing capabilities.This collaboration is expected to redefine fleet operations by enabling EV fleets to deliver services with smaller...
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Weltmeister Reboots with $27M Sales Hub and EV Models Revival
28Nov By E.WilsonNo Comments
Industry & Business, News, SUV & Crossovers

Weltmeister Reboots with $27M Sales Hub and EV Models Revival

Chinese electric vehicle startup Weltmeister has taken a significant step towards recovery by setting up a new sales subsidiary in Wenzhou, China. The company invested USD 27 million to establish ZhimaXing (Wenzhou) New Energy Vehicle Sales Co., Ltd., which will oversee various aspects of the EV business including sales and infrastructure.Key Takeaways$27 million investment for a new sales subsidiary in Wenzhou, ChinaNew models EX5 SUV and E5 sedan set to resume productionAims to introduce over ten new EV models across different segments by 2030Weltmeister’s latest move comes after a period of financial restructuring. The company has now secured the necessary resources to restart manufacturing for its popular EX5 compact electric SUV and E5 fully electric sedan, both of which will be produ...
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Gordon Murray S1 LM Sets World Record at $20.6 Million Auction
28Nov By M.ChenNo Comments
Industry & Business, News, Supercars

Gordon Murray S1 LM Sets World Record at $20.6 Million Auction

The Gordon Murray Special Vehicles (GMSV) S1 LM supercar has achieved a world record auction price of $20,630,000 million, setting an unprecedented benchmark for new car sales at public auctions.Key TakeawaysThe S1 LM sold for $20.6 million, surpassing previous records set by other luxury vehicles.The winning bidder will work directly with Gordon Murray to customize their car and participate in its development process.The auction took place during the Las Vegas Formula One Grand Prix weekend, featuring a dramatic helicopter arrival of the S1 LM.At $20.6 million, the S1 LM has set a new world record for the highest price ever paid at public auction for a new car. This exceeds previous records held by other high-end models such as the Bugatti La Voiture Noire and Ferrari's SP38, which sold f...
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