Latest news with #NEVs
Business Recorder
2 days ago
- Automotive
- Business Recorder
Master Group & Chery Auto to bring super hybrids to Pakistan
Master Group of Industries, among Pakistan's most distinguished and diversified business conglomerates, continues to advance its transformative strategic partnership with Chery Automobile, China's No.1 Global Automobile Export Brand. This landmark collaboration, established in May 2025, is revolutionising Pakistan's automotive landscape through the introduction of advanced New Energy Vehicles (NEVs), particularly groundbreaking Plug-in Hybrid Electric Vehicles (PHEVs), delivering an unprecedented fusion of innovation, efficiency, and exceptional value. Established in 1963, Master Group has built a 62-year legacy of trust in manufacturing, evolving into a formidable diversified enterprise with comprehensive operations spanning foam manufacturing, textiles, energy solutions, automotive components, furniture production, and vehicle manufacturing — establishing an enduring legacy of excellence and innovation throughout Pakistan. Master Group's automotive journey began nearly 40 years ago with the founding of Procon Engineering in 1988, now Pakistan's largest auto parts manufacturer. Today, Master Group stands as Pakistan's most diversified automotive group. It is the leading manufacturer in commercial vehicles through its stronghold in Master Foton and Mitsubishi Fuso, and the No.1 bus manufacturer in the country via Master Yutong. In the passenger vehicle segment, the group has achieved remarkable success with Master Changan—Pakistan's top new entrant and ranked among the top 4 automotive brands in 2025. Chery Automobile stands as a truly global automotive giant—China's No.1 vehicle export brand for an extraordinary 22 consecutive years. With a worldwide user base of 15.72 million across over 110 countries, Chery's expansive footprint underscores its unmatched global reach. Renowned for its excellence in SUVs and commitment to innovation, Chery further cemented its international credibility through a prestigious joint venture with Jaguar Land Rover in China. Its inclusion in the 2024 Fortune Global 500 reflects Chery's growing global influence, backed by a remarkable annual revenue of $39.09 billion. To initiate this strategic partnership with Chery, Master Group has established a specialised subsidiary, Master Auto Engineering, under the visionary leadership of CEO Samir Malik. 'We are committed to substantial investment in a state-of-the-art manufacturing facility and comprehensive 3S dealership network for Chery's latest NEV lineup,' stated Malik. 'Our mission centers on delivering high-technology, fuel-efficient, and accessible mobility solutions to Pakistan, supported by unparalleled after-sales service and customer experience excellence.' This partnership represents a pivotal transformation in Pakistan's automotive industry as Master Group prepares to introduce Chery's revolutionary Super Hybrids and PHEVs, reinforcing its vision for sustainable, forward-thinking mobility solutions nationwide. Comprehensive details regarding product launches, technical specifications, and dealership locations will be unveiled in the forthcoming months. Stay connected as Master Group and Chery Automobile accelerate Pakistan's mobility future.
Zawya
3 days ago
- Automotive
- Zawya
The future of fuel retail in South Africa: NEVs and solar panels
Even though new energy vehicles (NEVs) only make up less than 3% of South Africa's car market, local fuel station operators can still capitalise on the world's drive to embrace cleaner sources of fuel and energy. Rapid international developments, regulatory pressure, and consumer demand for greener mobility are set to reshape the fuel retail landscape. Image credit: Kindel Media on Pexels Rapid international developments, regulatory pressure, and consumer demand for greener mobility are reshaping the fuel retail landscape. The global state of NEVs The global NEV space is evolving rapidly: The European Union is working to phase out combustion engines by 2035 and is shifting focus to autonomous NEVs. China remains dominant, controlling most of the global NEV supply chain and having built battery capacity exceeding global demand by 500%. But according to the Automotive Business Council (Naamsa), South Africa is lagging for several reasons: Without access to Euro-5 and Euro-6 compliant fuels, South Africa cannot authorise or legally sell many modern vehicles. Currently, 38% of petrol and 67% of diesel are imported, but the Department of Mineral Resources and Energy has committed to making Cleaner Fuel 2 available by 1 July 2027, with indications it may arrive slightly earlier. The South African NEV market is small but growing, dominated by traditional hybrids like the Toyota Corolla Cross and Mercedes-Benz C-Class. Full battery electric vehicle (BEV) sales remain limited due to affordability, which is the biggest barrier to growth in this market: most BEVs are priced over R900,000, yet 74% of new car sales in South Africa are under R500,000. How fuel stations can benefit More affordable options are coming, with one original equipment manufacturer scheduled to launch a sub-R400,000 battery electric vehicle (BEV) this year. However, even affordable BEVs face practical challenges. Many consumers – particularly in the lower end of the market – lack solar, inverters, or batteries to charge vehicles at home. In addition, range anxiety persists, even though most BEVs offer over 200km per charge, and concerns about resale value and long-term performance deter buyers. Another issue for South African NEV sales is that existing public charging infrastructure is limited, poorly maintained, and inconveniently located: A Joburg to Cape Town EV convoy last year exposed major gaps, with vehicles stranded due to faulty charging stations. To address these challenges, Naamsa is engaging with the private sector to build a national charging network of 120 sites, providing accessible, reliable charging along key routes throughout the country. The network will leverage existing fuel stations instead of building new sites, ensuring that drivers can find a charging site within easy travelling distance, which will be public and free to access, without hidden costs. These strategic partnerships with fuel stations are preferable because of their proximity to main national routes and their existing vehicle-refuelling and alternate revenue stream infrastructures. To reduce the cost of the NEV charging infrastructure build and increase the speed of installation, these sites will initially operate largely through the national electricity grid, supported by renewable energy. Fuel stations are, in fact, ideally suited for solar PV installations because they have sizable areas of roof space over their buildings and forecourts, which are generally located in full sun. So, as increased income streams generated by the new infrastructure boost profits, fuel station owners can increase the renewable energy component of their sites to decrease their reliance on the national grid and thus boost profitability further. Fuel stations to evolve EV charging facilities certainly offer great potential for fuel retailers. It's a natural progression for them as it uses their experience and already-expanding forecourt product offerings while providing the highest potential margin. A recent study on the future of fuel stations in South Africa by commercial real estate company Cushman & Wakefield | Broll, indicates that fuel stations will evolve into 'mobility' stations within the next 5 to 15 years, offering a wider range of energy sources (electricity, natural gas, petrol, diesel, biofuels, and green hydrogen). As Fuel Connect points out, fuel forecourts offering much more than fuel is nothing new – as far back as the 1960s, fuel stations have incorporated restaurants, convenience stores, car workshops, tyre fitment centres, and even hotels, and fuel stations have always been an important midway destination on long journeys for family holidays. But because recharging an NEV takes significantly more time than filling up the fuel tank of a vehicle with an internal combustion engine, extended services such as pharmacies, laundry services, gyms, and co-working spaces will become more common at these sites. Operators will then become less reliant on income from fuel, as it will account for just 20% of the forecourt's revenue, compared with the 90% it has contributed historically. A further consideration is that, going forward, successful retailers won't just operate a single site, but instead own between five and 10. But managing multiple sites brings complexity – more employees, more systems, more human error. The only real solution? Leveraging smart technology, which prevents fraud, boosts efficiency, and further increases profitability. The future of fuel retailing lies beyond the fuel pump. As NEV adoption grows and cleaner fuels become standard, traditional forecourts will evolve. Embracing the opportunities this transition promises, together with smart technology and renewable energy, fuel station operators can future-proof their businesses and thrive in the rapidly changing mobility environment. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Times of Oman
10-07-2025
- Automotive
- Times of Oman
China's auto production rises sharply in first half of 2025
Beijing: The People's Republic of China's automobile production and sales grew by more than 10% in the first half of 2025, signalling a strong rebound in consumer spending, according to data released on Thursday by the China Association of Automobile Manufacturers (CAAM). Between January and June 2025, total vehicle production reached 15.62 million units, marking a 12.5% increase compared to the same period last year. Vehicle sales also rose by 11.4%, totaling 15.65 million units. The production of new energy vehicles (NEVs) — including electric and hybrid cars — saw particularly rapid growth, with output increasing 41.4% year-on-year to 6.97 million units. Sales of NEVs climbed 40.3%, reaching approximately 6.94 million units in the same period. These figures reflect growing demand and robust momentum in the People's Republic of China's push toward cleaner, more sustainable transportation.
Yahoo
07-07-2025
- Automotive
- Yahoo
Government subsidies drive China's vehicle market up
China's loght vehicle (LV) market continued its strong performance in May 2025, with sales rising by 10% YoY to approximately 2.1 million units. The increase was primarily driven by robust demand for PVs (passenge vehicles or cars), which expanded by 12% YoY to 1.9 million units, representing 88% of total LV sales for the month. Government stimulus measures played a crucial role in supporting the market's performance, particularly the extended vehicle trade-in and scrappage incentive programs. These policies significantly boosted domestic demand, with NEVs being notable beneficiaries. In contrast, LCV sales suffered a moderate 9% YoY decline. On a YTD basis, LV sales in January-May grew by 12% compared to the same period in 2024. The national subsidy program that encourages consumers to replace older vehicles with newer models remained a key driver of spending. The seasonally adjusted annualized selling rate for May stood at 27.9 million units, a 5% decrease from April's figure but still a historically strong level. The Chinese government has been instrumental in accelerating the growth of the LV market through a comprehensive suite of supportive policies. The extension of vehicle trade-in and scrappage incentive programs—now valid until the end of 2025—has significantly boosted domestic demand, particularly for NEVs. These incentives, which include additional subsidies of up to CNY5,000 ($698) for NEV purchases compared to traditional fuel vehicles, have effectively lowered ownership costs and encouraged consumer adoption. The rapid expansion of China's e-commerce sector has profoundly impacted the LV market, particularly in the Commercial Vehicle segment. The surge in online retail and last-mile logistics has heightened demand for LCVs, which are now a critical component of modern supply chains. However, despite this structural demand, LCV sales in May saw a modest 9% YoY decline, reflecting broader macroeconomic pressures and a shift in business investment patterns. In May 2025, total LV production reached 2.6 million units, marking an 11% YoY increase, though only a 1% MoM rise. YTD production for 2025 stands at 12.3 million units, up by 13% compared to the same period last year. PVs, which account for 90% of total LV output, continued their strong performance with May production hitting 2.3 million units (+12% YoY). In contrast, LCV production grew marginally by 0.5% YoY to 263k units, underscoring the segment's slower recovery amid shifting logistical demands and policy focus on NEVs. In May 2025, China's LV exports continued their upward trend and reached 519k units—a 15% YoY increase. This figure made up 20% of total LV production, underscoring the growing importance of overseas markets. The PV segment remained the key growth driver, with shipments rising by 17% YoY to 467k units. In contrast, CV exports saw a slight 0.5% YoY decline to 53k units, reflecting subdued global demand for logistics and transport equipment. On a cumulative basis, China's auto exports totaled 2.1 million units in the first five months of 2025, up by 6% YoY. The recent interim agreement in US-China trade negotiations—which reduced mutual tariffs until August 10, 2025—has provided temporary relief to exporters. However, the long-term outlook remains uncertain as negotiations continue, with potential policy shifts posing risks to trade flows. The export market has become a critical pillar of China's LV industry, contributing significantly to production volumes and manufacturer revenues. While current growth trends are positive, the sector faces headwinds from geopolitical tensions, evolving trade policies, and competitive pressures in key markets. Automakers are closely monitoring developments, as any further changes in tariffs or trade rules could materially impact the export sector in the second half of 2025 and beyond. Based on stronger-than-expected market performances in recent months, we have revised our 2025full-year forecast upward by approximately 200k units. This adjustment reflects the resilience of both domestic demand and export markets, which have demonstrated limited sensitivity to US tariff policies thus far. Domestically, market growth continues to be primarily policy-driven, with promotional incentives and trade-in schemes remaining crucial demand drivers. However, the export sector faces a more nuanced risk profile. While Russia currently serves as the largest single export destination, potential market contraction there would require alternative demand sources to compensate. The industry's ability to diversify exports to other emerging markets—particularly in Southeast Asia, the Middle East, and Latin America—will be critical in maintaining overseas growth momentum. Moving forward, we remain cautiously optimistic in terms of the outlook. The domestic market's policy-supported foundation appears stable in the near term, though export strength will depend on both geopolitical developments and manufacturers' capacity to adapt to shifting global trade patterns. Continued monitoring of Russian market dynamics and trade policy evolution remains essential for risk assessment. This article was first published on GlobalData's dedicated research platform, the . "Government subsidies drive China's vehicle market up – GlobalData" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
01-07-2025
- Automotive
- Zawya
South African National Taxi Council (SANTACO) Announced as Association Partner for Smarter Mobility Africa Summit 2025
Smarter Mobility Africa summit is a product of VUKA Group ( The South African National Taxi Council (SANTACO) has been announced as an official Association Partner for the Smarter Mobility Africa (SMA) summit 2025, taking place from 30 September to 3 October 2025 at the Sandton Convention Centre in Johannesburg. This strategic partnership positions SANTACO at the forefront of continental discussions on smarter mobility solutions, with a particular focus on advancing public transport and accelerating the transition to new energy vehicles (NEVs) across South Africa and the broader African continent. As the largest mover of people in South Africa, the taxi industry plays a pivotal role in the country's transport ecosystem. SANTACO's participation in SMA 2025 underscores the organisation's commitment to mobility leadership, industry transformation, and innovative transport solutions that serve millions of South Africans daily. Leading the Conversation on Smarter Mobility SANTACO President Motlhabane Abnar Tsebe will deliver a keynote address on 1 October 2025, representing the voice of the public transport sector and outlining the organisation's vision for a cleaner, more efficient mobility future. President Tsebe will also participate in key roundtable discussions alongside government officials, NEV experts, and global mobility innovators. Secretary General Daki Qumbu will join President Tsebe as part of SANTACO's VIP delegation, engaging with stakeholders to build trust and cooperation between government, operators, and the private sector. Driving Policy and Innovation The partnership enables SANTACO to actively influence NEV policy frameworks and funding mechanisms, ensuring that the taxi industry's unique needs and challenges are considered in South Africa's transition to sustainable transport. This collaborative approach is essential for creating inclusive mobility solutions that work for all South Africans. Speaking about the industry's transformation potential, President Tsebe emphasised the importance of changing perceptions through action. "If we formalise, professionalise, and invest in our people," he says, "then this industry can finally be seen for what it already is: the backbone of South Africa's mobility system." "We are proud to welcome SANTACO as our Association Partner for SMA 2025," said Olivia Modisakeng, Event Manager. "Their leadership in transforming public transport is essential to building an inclusive and sustainable mobility future for Africa." About the Partnership SANTACO's involvement in SMA 2025 demonstrates the organisation's progressive stance on cleaner mobility and infrastructure development. The partnership creates opportunities for meaningful dialogue between industry leaders, policymakers, and technology innovators, fostering the collaborative relationships necessary to drive meaningful change in Africa's transport sector. The Smarter Mobility Africa summit 2025 brings together key stakeholders from across the continent to address the most pressing challenges and opportunities in mobility, with SANTACO's participation ensuring that the voice of South Africa's public transport sector remains central to these critical conversations. Distributed by APO Group on behalf of Vuka Group. Additional information: Full article on SANTACO: Official event page: For more information about SANTACO's participation in SMA 2025, please contact: General Media Enquiries mobilitymarketing@ About SANTACO: The South African National Taxi Council (SANTACO) is the leading representative body for the taxi industry in South Africa, serving millions of passengers daily and playing a crucial role in the country's public transport system. About Smarter Mobility Africa Summit 2025: The Smarter Mobility Africa summit is the continent's premier gathering for advancing public transport and transitioning to new energy vehicles (NEVs), bringing together government officials, industry leaders, and technology innovators to shape the future of African mobility.
