As the automobile industry is making rapid strides towards low-emission vehicles and traditional engines are experiencing a reduction in demand, synthetic fuel technologies are now in high demand. The new agreement between Renault Group and Geely to launch a new powertrain company will be a shot in the arm for both the companies in the global synthetic fuel powertrain and engine market when the new joint venture company starts its operations.
The new joint venture will benefit from the synergies of the intellectual properties of both companies in developing future powertrain technologies. Although the new company will be focusing on primarily manufacturing internal combustion engine (ICE) engines, it is expected to drive new innovations in hybrid and electric vehicle (EV) powertrains and will be ready to provide end-to-end powertrain solutions to major automakers in three continents.
“Owning an electric vehicle has become a new fad all over the world, fuelled by increased consumer interest in sustainable living and the introduction of cars with greater driving ranges. Additionally, strict CO2 targets established by various governments for automakers, increased investments in charging networks by a variety of automakers and third-party companies, and an aggressive push by governments through catalyst programs like subsidies are all contributing to the demand for decarbonized automobiles.
“As per GlobalData estimates, the global electric vehicle market, including battery electric vehicles (BEVs) and hybrid vehicles (HEVs), will reach 103.5 million units by 2030, recording a compound annual growth rate (CAGR) of 3.1% during 2022-30. Considering the market potential of the decarbonized automobile and the growing global electric vehicle market, the new Renault Group and Geely company will pose a head-to-head challenge to global automobile companies like BYD and Tesla in the long run.”
Motor 283 is the biggest automotive website created by a team of automotive enthusiats and this author page is used to show the readers the press releases and news posted on Motor 283 website.
Chevrolet is proud that the iconic Tahoe continues to set the standard for full-size SUVs, thanks in large part to its powerful V8 engine. As the leader in its class, the Tahoe's V8 offers unparalleled performance, reliability, and efficiency, making it the superior choice for drivers who demand the best.
At the core of the Chevrolet Tahoe is the legendary V8 engine, a testament to Chevrolet's commitment to engineering excellence. With up to 420 horsepower and 460 lb-ft (624 Nm) of torque, the Tahoe's V8 engine delivers an unrivaled driving experience, whether you're navigating city streets or towing heavy loads.
The Toyota GR Yaris, already revered in automotive circles for its punchy performance and compact, rally-inspired design, is getting a special edition in Italy that takes things to another level. This limited-run version of the hot hatch marks a significant milestone in Toyota's motorsport history: 53 years since the automaker secured its first victory in the World Rally Championship (WRC). To commemorate that achievement, the GR Yaris TGR Italy Limited Edition is paying homage to the 1973 Corolla 1600 Coupe that earned Toyota its first WRC win at the Press On Regardless (POR) event in Detroit.
Stellantis Middle East and Africa (MEA) region, integral to the Company's "Third Engine" strategy within its global operations, today marked a significant milestone in its MEA expansion with the launch and local assembly of the Jeep® Grand Cherokee L in Egypt at the Arab American Vehicles (AAV) plant, affiliated with the Arab Organization for Industrialization.
SHARE
