Latest news with #electricvehicles
Zawya
an hour ago
- Automotive
- Zawya
Jameel Motors and GAC to launch new range of EVs in the UK
Launch will include AION V SUV and AION UT hatchback EVs, with other models to follow Cooperation expands Jameel Motors' UK distribution portfolio to passenger vehicles, and marks a new market entry for GAC Jameel Motors is building on 80 years of automotive excellence as a distributor and mobility solutions provider, while GAC is one of China's major automakers London, United Kingdom: Jameel Motors, a leading provider of mobility solutions and partner of choice to top automotive brands, has signed a joint venture agreement with GAC, one of China's major automakers that is globally recognized for safety, quality, innovation, and sustainability, to distribute GAC's electric vehicles (EVs) in the United Kingdom (UK). In April, Jameel Motors announced it had won a distribution agreement for GAC in Poland through a competitive process involving both local and international companies. This innovative joint venture will be one of the first of its kind in the UK with a Chinese automaker, a market with significant long-term potential and will be established after completion of relevant regulatory and antitrust approvals. With battery electric vehicle (BEV) registrations up 25.8% year-on-year and accounting for 21.8% of new car sales (SMMT, May 2025 [1]), the UK is a strong and expanding hub for EV adoption. The agreement expands Jameel Motors' existing portfolio in the UK – where it already distributes the electric commercial vehicle brand Farizon Auto – and will be its first passenger vehicle brand in the market. The partnership will bring new electric vehicles to the UK, driving market growth and offer customers a broader range of choices. Initially, two all-electric models from GAC AION will be available: the AION V, a C-segment SUV, and the AION UT, a B-segment hatchback. AION showcases GAC's core strengths of award-winning quality and pioneering technology - ideally suited to meet the rising demand for quality electric vehicles among UK drivers. They will be available through select retail partners across the UK, with first customer deliveries expected at the end of Q1 2026. Additional models will follow to expand the AION line-up. Jasmmine Wong, Chief Executive Officer - Jameel Motors stated: 'The joint venture with GAC represents a shared vision, and an exciting opportunity to meet the UK's growing demand for smarter, cleaner passenger vehicles. Led by customer preference and guided by our expertise, we're committed to staying ahead of trends and delivering first-class solutions that are both innovative and sustainable.' Wayne Wei, President - GAC International, added: 'GAC's entry into the UK marks a crucial step in its internationalization strategy. As we set foot in this dynamic market, GAC is committed to bringing industry-leading products and first-class services to UK consumers.' GAC is one of China's major car manufacturers, ranking as number 181 in the Fortune Global 500 and having gained international recognition for its high-quality vehicles, advanced technological solutions, and commitment to sustainability. GAC's business spans seven major sectors: R&D, complete vehicles, auto parts, energy and ecosystem, international operations, trade and mobility, as well as investment and finance. It is one of the most comprehensive automotive groups in China in terms of its industrial chain. As of today, GAC has a market presence across the Middle East, Southeast Asia, Eastern Europe, Africa and America, in a total of 84 countries and regions worldwide. Driven by a strong commitment to innovation, GAC has reached major milestones in its international expansion, with overseas sales of its self-branded vehicles surpassing 100,000 units for the first time in 2024, a 92.3% year-on-year increase. Jameel Motors represents some of the world's most recognised commercial and passenger vehicle brands and has operations in more than 10 countries across the Middle East, Africa, Europe, Asia and Australia. This agreement marks another milestone as Jameel Motors continues to expand internationally and harness innovation for the future of mobility. For more information, please visit and About Jameel Motors Jameel Motors is a leading provider of mobility solutions and partner of choice to top automotive brands. It has international operations in over 10 countries, including the UK, UAE, Türkiye, Morocco, Egypt, Algeria, Japan, China, Australia, Monaco, South Africa, Poland and Italy. Jameel Motors represents some of the world's most recognized commercial and passenger vehicle brands, including Toyota, Lexus, BYD, GAC Motor, MG Motor, Farizon Auto, Geely Auto, Changan Automobile and Hino. Jameel Motors' deep market knowledge as an independent international distributor enables its OEM partners to grow closer to their customers, driving both market share and sustainable growth with high customer satisfaction and loyalty. About GAC Guangzhou Automobile Group Co., Ltd. (GAC) is a leading Chinese automotive corporation that has been gaining recognition in international markets for years. Founded in 1997, the company is experiencing dynamic growth, investing in innovative technologies, sustainable development, and modern design. GAC specializes in the production of a wide range of vehicles, from internal combustion and hybrid cars to cutting-edge electric models, catering to the growing demands of the global market. The brand's portfolio includes both luxury sedans and spacious SUVs, showcasing advanced technology and high-quality craftsmanship. Through its sub-brands Aion, GAC continues to set new standards in the electric vehicle segment, combining innovation with exceptional design. For more information, please visit: Copyright Notice & Disclaimer © All rights reserved. The Jameel Motors name and the Jameel Motors logotype and pentagon-shaped graphics are trademarks or registered trademarks. The term 'Jameel Motors' refers broadly to several distinct, separate, and independent legal entities. Jameel Motors is not a 'group undertaking' as defined in Section 1161(5) of the UK Companies Act 2006, or a 'conglomerate' as defined in Section 7, US Clayton Act 1964. Data: The information presented in this document is intended for general informational purposes only. Any numerical data provided is accurate as of June 2025 but may not be updated in real-time and becomes outdated over time. While every effort has been made to ensure the accuracy and reliability of the information provided, Jameel Motors make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content contained herein. Any references made to the content of this document are for demonstration and discussion purposes, and do not imply any legal ownership or affiliation unless explicitly stated otherwise. Any actual transactions or agreements concerning the content of this presentation would require separate legal documentation and due diligence. Reliance on the information provided is strictly at your own risk. Jameel Motors disclaims any liability for any loss or damage, including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this numerical data and the information contained within this presentation. Forward Looking Statements This presentation may contain forward-looking statements. Forward-looking statements are statements regarding matters other than historical fact, such as future results, events, activities, developments or circumstances or the beliefs, plans or expectations of Jameel Motors entities or their respective managements. Forward-looking statements often can be identified by the use of words such as 'expect', 'project', 'anticipate', 'plan', 'estimate', 'believe', 'predict', 'intend', 'potential', 'possible', 'probable', 'likely', 'forecast', 'guidance', 'outlook', 'goal', 'target', 'may', 'will', 'should' or 'could' or other similar terms or phrases. However, the absence of such words does not mean that a particular statement is not forward looking. Forward-looking statements are based on expectations and assumptions at the time of such statements and are subject to numerous risks and uncertainties, many of which are outside the control of Jamel Motors entities. Should any of such expectations or assumptions prove incorrect, or should any of such risks or uncertainties materialize, actual future results, events, activities, developments or circumstances may differ materially from those expressed in or implied by forward-looking statements. Further, any forward-looking statement speaks only as of the date on which it is made, and Jameel Motors does not assume, and hereby disclaim, any obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise. All forward-looking statements made by Jameel Motors or by any person on behalf of it, whether communicated in writing, electronically or orally, are qualified in their entirety by the foregoing cautionary statements. No Offer or Solicitation This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of applicable laws, or an exemption therefrom. [1] As of May 2025 ('New car market returns to growth as discounting lifts EV registrations', SMMT)
Al Bawaba
an hour ago
- Automotive
- Al Bawaba
Hyundai Motor IONIQ 6 N Debuts at Goodwood Festival of Speed, Setting New Benchmark for High-Performance EVs
Hyundai Motor Company today unveiled IONIQ 6 N to the world at the Goodwood Festival of Speed, marking a pivotal milestone in Hyundai N's electrification journey. From its origins in electric motorsport with Pure ETCR to the development of track-capable yet street-ready electric vehicles (EVs), Hyundai N is once again redefining the boundaries of high-performance electrification with the debut of the IONIQ 6 the core of the IONIQ 6 N lies Hyundai's unwavering commitment to building high-performance EVs that deliver an exhilarating and engaging driving experience. This vision is grounded in N's three-pillar performance philosophy: Corner Rascal, Racetrack Capability and Everyday Sportscar. As such, IONIQ 6 N is engineered to thrill on the track while retaining the comfort and refinement expected for daily driving — achieving a harmonious balance between performance and technical advancements include fully redesigned suspension geometry, an improved N e-Shift (virtual gear shift) system that minimizes performance loss, plus better sound quality through updated hardware and extensive acoustic fine-tuning, ensuring that every drive is both engaging and immersive. By integrating these cutting-edge technologies, IONIQ 6 N not only exemplifies Hyundai N's pursuit of performance excellence but also signals a bright future for EVs within the high-performance sector.'With IONIQ 6 N, Hyundai N aims to elevate its offerings, enticing drivers with electric powertrains that offer high-performance enthusiasts a thrilling new avenue to electrify their passion both on the road and the track,' said José Muñoz, President and CEO of Hyundai Motor Excellence meets Electrified PerformanceIONIQ 6 N stands at the forefront of automotive advancement, boasting remarkable performance metrics and innovative technologies that redefine the EV driving experience. Producing an impressive 650 PS (478 kW) and 770 Nm of torque , IONIQ 6 N achieves a breathtaking 0-100 km/h acceleration time of just 3.2 seconds (using N Launch Control) and will go on to a top speed of 257 km/h (approximately 160 mph).Developed to meet the demands of modern high-performance driving, IONIQ 6 N features a revamped battery management system, N Battery. Engineered for optimal temperature management, the system adapts to a range of track driving scenarios — whether drag, sprint or endurance racing. The integration of battery conditioning functions leads to higher and long-lasting performance, while optimized thermal management control and an increased capacity in the battery coolant heater significantly reduce the conditioning time. This ensures that IONIQ 6 N is always ready to play a critical role in the design of the IONIQ 6 N, where downforce and drag reduction are thoughtfully balanced for optimum performance. Motorsport-inspired elements such as the swan neck rear wing and widened fenders not only accentuate its aggressive, track-ready appearance but also contribute to enhanced stability during high-speed cornering. Such aerodynamic efficiency ensures IONIQ 6 N delivers both visual impact and exceptional on-road 6 N is offered in a new color, Performance Blue Pearl, which adds a pearl finish to Hyundai N's signature Performance Blue. This newly developed color delivers a more refined visual expression with enhanced depth that elevates the IONIQ 6 N's performance its sculpted exterior lies fully redesigned suspension geometry and a reengineered chassis, developed to elevate handling precision and road holding. This advanced set up enhances track performance while preserving the ride comfort expected in daily driving. With a lowered roll center, IONIQ 6 N also delivers greater high-speed stability and improved cornering grip, making it a versatile performer on both the street and the elevating the driving dynamics are the new stroke sensing ECS (Electronically Controlled Suspension) dampers. By integrating stroke sensors, the system allows for a wide range of damping force adjustments to suit varying driving conditions — from everyday commutes to intense track sessions. The result is improved ride quality and more predictable, responsive handling.'IONIQ 6 N combines formidable power, sophisticated battery management, aerodynamic mastery and advanced suspension systems to deliver a compelling blend of speed, stability and comfort, setting new benchmarks in modern automotive engineering,' said Manfred Harrer, Executive Vice President and Head of Vehicle Development Tech Unit at Hyundai Motor Engagement: Advanced Vehicle Control in IONIQ 6 NIONIQ 6 N redefines the EV driving experience through its in-house developed advanced vehicle control software, optimized to enhance every aspect of driver interaction with the to this interconnected experience is the N Active Sound + system, which brings a dynamic audio dimension to the driving experience. Powered by a stereo sound source and performance-enhanced Acoustic Design Processor (ADP) it delivers an enriched sound stage that makes each journey aurally can choose from bespoke sound modes tailored to specific moods and driving scenarios — from the motorsport-inspired 'Ignition' to the heritage-infused EV sound 'Evolution', and the futuristic sci-fi tones of 'Lightspeed'. Each mode offers a captivating auditory the sense of performance even further is N e-Shift, Hyundai N's innovative shift control feature. By simulating motorsport-inspired close gear ratios, N e-Shift heightens responsiveness and strengthens the driver's connection to the car. Now fully compatible with key performance features including — N Launch Control, N Drift Optimizer, N Grin Boost and N Torque Distribution — N e-Shift ensures a seamless integration of control and to the sensory experience is the N Ambient Shift Light, a unique interior lighting feature that visually cues precise shift points for optimal performance. This synchronized ambient glow transforms the cockpit into an arena where every gear change is not just felt but seen, further enhancing driver N Track Manager empowers drivers to tailor and analyze their on-track performance like never before. This intelligent feature allows users to create custom tracks, monitor speed data, and evaluate performance through real-time ghost car visuals and detailed lap time analysis. By offering advanced track data management, N Track Manager further solidifies IONIQ 6 N as a track-capable EV engineered to meet a wide range of performance this is the N Drift Optimizer, which offers unparalleled control over the vehicle's drift characteristics. With customizable parameters for drift initiation, angle and wheel spin drivers can fine-tune the vehicle's behavior to suit their skill level and driving these driver-focused features demonstrate Hyundai N's commitment to delivering a versatile and exhilarating driving experience. By pushing the boundaries of advanced vehicle control software, the IONIQ 6 N opens new dimensions in driver engagement — for enthusiasts and everyday drivers tandem with the launch of IONIQ 6 N, a range of N performance parts will be available. Drawing on Hyundai N's motorsport heritage, these components let customers further personalize their vehicle and experience track-inspired performance on the street or circuit.A Celebration of Electrified Innovation and Thrilling PerformanceThis year, Hyundai N takes center stage at the Goodwood Festival of Speed, marking a historic milestone with the global debut of IONIQ 6 N. Following the world premiere of IONIQ 5 N in 2023, Hyundai N continues to showcase its commitment to innovation and electrification in the high-performance located beside the iconic Hillclimb course, near the starting line bridge, the Hyundai N booth features an exclusive grandstand, offering visitors unmatched views of the festival's more exhilarating action. This premium vantage point places attendees at the heart of the to the Hyundai N booth are invited to embark on an interactive stamp tour, which culminates in exclusive access to the grandstand. Completing the tour not only grants entry to this exclusive viewing area but also rewards participants with special event-only the booth, attendees can explore the full spectrum of Hyundai N's electrified lineup. Highlights include the newly unveiled IONIQ 6 N — showcased with optional N performance parts — alongside the IONIQ 5 N and IONIQ 5 N TA Spec. Together, these models reflect Hyundai Motor's journey from motorsport-inspired engineering to cutting-edge production Hillclimb event itself promises a spectacular display of speed and technology, featuring standout models such as the '14 WRC Rally 1, '24 WRC Rally 1 Hybrid, IONIQ 5 N, IONIQ 5 N TA Spec, i30 N, RN24, IONIQ 6 N, IONIQ 6 N Drift Spec, and IONIQ 6 N with N Performance parts. Each vehicle brings its unique capabilities to the course, guaranteeing a dynamic and thrilling on-track experience for all attendees. A not to be missed highlight of the festival is the 'N Moment' demonstration run, taking place on July 10. This synchronized showcase will feature the entire Hyundai N lineup, including the dynamic debut of the IONIQ 6 N, in a bold display of automotive prowess. It's set to be a defining moment for Hyundai N, celebrating its bold vision for the future of electrified performance.
Motor 1
2 hours ago
- Automotive
- Motor 1
Stellantis Abandons Hydrogen Fuel Cell Development: 'Niche Segment'
Many people have considered hydrogen nothing more than a pipe dream from the very beginning. However, some automakers have insisted (and a few still do) that there is a future for electric vehicles with fuel cells instead of bulky batteries. Stellantis was determined to pursue hydrogen in the commercial vehicle segment, but pouring money into this technology has now come to an abrupt end. Stellantis recognized that it needed to invest a significant amount of money to make hydrogen feasible. Even if it hadn't abandoned the effort, customers would still have faced a severely underdeveloped refueling infrastructure worldwide. The automotive conglomerate also believes governments should've put more effort into incentivizing this segment to drive down prices for consumers. 2025 Opel Vivaro Hydrogen Photo by: Opel When all is said and done, 'the hydrogen market remains a niche segment,' and there are 'no prospects of mid-term economic sustainability.' Not only is Stellantis ending its hydrogen development program, but it's also abandoning plans to launch hydrogen-powered workhorses this year. New models from the Pro One commercial division were supposed to enter production this summer, but that's no longer happening. The plan was to build midsize vans in Hordain, France, and large vans in Gliwice, Poland. The silver lining is that Stellantis pledges not to reduce the workforce at the plants that were supposed to manufacture the hydrogen commercial vehicles. Additionally, the research and development team will pursue other projects unrelated to fuel cells. In early 2024, when Stellantis was still betting on hydrogen, it said it would have eight fuel cell midsize and large hydrogen vans: Citroën ë-Jumpy and ë-Jumper, Fiat Professional E-Scudo and E-Ducato, Opel/Vauxhall Vivaro and Movano, and Peugeot E-Expert and E-Boxer. While Stellantis is calling it quits, Toyota remains committed to hydrogen for the long haul. Aside from improving fuel cells with an upcoming third generation, it's also experimenting with combustion engines that run on hydrogen . The world's largest automaker is helping BMW bring its first series-production hydrogen car to market in 2028, potentially an SUV based on the next-generation X5. 2026 Hyundai Nexo Photo by: Hyundai Hyundai is not giving up on hydrogen either. It recently launched the new Nexo crossover and sees a future for fuel cell trucks such as the Xcient. Honda has a next-generation fuel cell module that it will mass-produce from 2027, featuring 50% lower production costs and more than double the durability of its predecessor. The Japanese automaker also has a joint venture with General Motors, called Fuel Cell Systems Manufacturing LLC. The 70,000-square-foot FCSM facility, located in Brownstown, Michigan, manufactures fuel cells that are sold to either Honda or GM's Hydrotec division. What about Volkswagen? Ex-CEO Thomas Schafer declared at the 2023 CES that the technology is not feasible for passenger cars , at least not in the foreseeable future: 'It's not competitive, especially not for passenger cars, the tanks take up space in the cabin. Maybe for commercial vehicles, but not in the passenger car. So, I don't see this happening in this decade. Not at Volkswagen.' Even Renault's niche brand Alpine believes hydrogen has a place in the sports car world by taunting us with a supercar powered by a twin-turbo, 3.5-liter V-6 fueled by hydrogen. Renault itself cooked up a rear-wheel-drive Emblème wagon concept with a fuel cell and a rechargeable battery. However, regardless of how much fuel cell technology advances, without a suitable refueling infrastructure, these efforts will be in vain. Hydrogen Is Not Dead: BMW Thinks the 'Timing Is Right' For Hydrogen. Is It Really? Cummins Made a New Turbocharger for Hydrogen Engines Source: Stellantis Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Zawya
2 hours ago
- Automotive
- Zawya
EVIQ and Petromin unveil new EV charging station in Jeddah
Jeddah, Saudi Arabia – EVIQ, a leading electric vehicle charging network provider, is proud to announce the opening of a new EV charging station in partnership with Petromin, one of the Kingdom's most trusted fuel, mobility and e-mobility services providers, marking a significant step forward in the growth of EV infrastructure across Saudi Arabia. This strategic partnership highlights EVIQ's strategy to accelerate the deployment of EV charging points by utilizing Petromin's extensive network of strategically located petrol stations, especially along key highways. This approach will ensure greater accessibility, convenience, and confidence for EV drivers across the country. "Our partnership with Petromin enables us to scale efficiently and provide reliable charging access in high-traffic areas," said Mohammad Bakr Gazzaz, CEO at EVIQ. "As Saudi Arabia moves toward its Vision 2030 sustainability goals, collaborations like this will play a critical role in supporting the EV ecosystem and reducing carbon emissions." EVIQ remains at the forefront of developing Saudi Arabia's EV ecosystem, with a goal of deploying over 5,000 chargers in strategic sites around the Kingdom by 2030. Petromin's nationwide footprint offers the perfect foundation for the rollout of EVIQ's fast-charging solutions, helping bridge the gap between urban centers and remote areas, encouraging broader EV adoption and accelerating the Kingdom's transition to a sustainable transportation future. About EVIQ The Electric Vehicle Infrastructure Company (EVIQ) is a joint venture company between the Public Investment Fund (PIF) & Saudi Electricity Company (SEC). The company supports EV adoption in the Saudi market by building best-in-class infrastructure and creating a nationwide network of fast-charging hubs for electric vehicles around the Kingdom. With a vision to deploy more than 5,000 chargers in strategic locations around the Kingdom, EVIQ is spearheading the enablement of the EV ecosystem in Saudi Arabia. Through strong collaboration with local partners for installation & maintenance, EVIQ is aiming to build a strong foundation for the sector which will stimulate the growth of EV adoption among the Saudi community, leading to making the sector more attractive and rewarding for investors to take part in the journey. In addition, EVIQ has also established a state-of-the-art Research & Development (R&D) Facility in Riyadh, that is the first-of-its-kind in the region. The new facility will be used for testing a spectrum of chargers and software to ensure the deployment of best-in-class equipment, reinforcing EVIQ's commitment to quality & efficiency, and driving the evolution in the EV sector across the Kingdom of Saudi Arabia. This facility is a corner-stone in the deployment of chargers & technologies that meet the highest standards of quality, safety, efficiency, and compatibility for the Saudi Market. EVIQ envisions a robust presence throughout Saudi Arabian cities and connecting roads by 2030. This strategic initiative aligns with relevant regulations and standards, aiming to lead the electric vehicle (EV) transition by providing best-in-class and widely accessible EV charging infrastructure. The widespread adoption of EVs holds multifaceted benefits, such as cost saving for car owners, reducing carbon emissions from transportations, and supporting a more sustainable & greener environment for Saudi Arabia. About Petromin Petromin Corporation is a leading Saudi company with over 50 years of expertise in the automotive and energy sectors. Operating across more than 40 countries, Petromin has established a strong presence in lubricants, fuel retail, automotive services, and electric mobility. The company is widely recognized for its innovation, commitment to quality, and alignment with Saudi Arabia's Vision 2030, particularly in driving sustainability and clean energy transformation. Through its extensive network of fuel stations, service centers, mobility and e-mobility solutions, Petromin continues to play a pivotal role in shaping the future of transportation in the Kingdom and beyond.
Entrepreneur
4 hours ago
- Business
- Entrepreneur
DWM Invests USD 6.5 Mn in Mufin Green Finance's Sustainable Mobility Push
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Mufin Green Finance has raised USD 6.5 million from Developing World Markets (DWM) through a private placement of secured non-convertible debentures. The funds were raised in two tranches and will be used to expand Mufin's portfolio in clean mobility and renewable energy across India. Specifically, the capital will support loans and leases for electric vehicles, battery financing, charging infrastructure, and both residential and commercial solar installations. The funding marks DWM's first investment in India's electric mobility and clean energy sectors. Robert Constantino, Head of Private Credit at DWM, said, "This transaction marks the first of what we hope will be many investments in India's rapidly evolving clean mobility and renewable energy sectors." He emphasised that this investment supports their growing climate finance and renewables lending strategy. Mufin Green Finance was founded in 2016 and is the first listed company in India exclusively focused on electric vehicle financing. A subsidiary of Hindon Mercantile, Mufin aims to bridge financial access gaps in semi-urban and low-income markets. Its offerings include loans and leases for electric vehicles, battery-swapping systems, solar installations, and related clean energy infrastructure. Kapil Garg, Managing Director of Mufin, said, "We are delighted to receive continued support from a global impact investor like DWM. This infusion not only strengthens our lending capacity but also validates our commitment to driving sustainable transformation in the mobility and energy landscape of India." Gunjan Jain, Chief Financial Officer at Mufin, added that the company is scaling operations and diversifying into high-impact sectors. "This infusion of funds will empower us to not only bridge the financing gap in clean energy and electric mobility but also engineer product-specific, inclusive financial solutions," she said. DWM, headquartered in Stamford, Connecticut, has deployed over USD 2.2 billion across 70 emerging and frontier markets in more than 900 transactions.
