Focusing on the new trends of traditional car companies, Toyota is in talks to build a Lexus plant in Shanghai.
According to people familiar with the matter, Toyota is discussing with relevant authorities in Shanghai the possibility of building a wholly-owned factory there to produce Lexus cars.
It is reported that Toyota hopes to have similar treatment to Tesla’s Shanghai factory, including tax relief, policy support, land subsidy, etc.
Toyota hopes to directly own and control the plant without the need for a local joint venture partner.
NHTSA investigated Honda’s recall of car rearview cameras, and on June 28th, the National Highway Traffic Safety Administration (NHTSA) defect investigation Office said it would investigate Honda’s car rearview cameras recalled since 2022 because many of the parts used for remediation were also found to be defective in this year’s recall.
Focusing on electrification, Ford will launch a $30, 000 electric car to make a profit within two and a half years.
Jim Farley, Ford’s chief executive, said the company expects to launch a $30, 000 all-electric car and turn a profit in about two and a half years.
As revenues fell and losses widened in 2023, Swedish electric carmaker Polaris said on June 28th that its 2023 revenue fell 3 per cent to $2.
38 billion, resulting in a total loss of $414.
7 million, compared with a gross profit of $98.
4 million in 2022 and a net loss of $1.
17 billion, up from $481.
5 million a year earlier.
Polar Star has just started delivering Polestar 3 SUV to customers in Europe and the United States, where the first batch of Polestar 3 will be delivered in California, Illinois, Indiana and New York.
Customers in Germany and Norway will also be delivered soon.
The Tesla Fremont plant was ordered to stop air quality violations, and the Bay area Air quality Management District of California has ordered Tesla to correct “persistent air quality violations” at his plant in Fremont, Northern California.
Tesla has received more than 112 notifications of air quality violations since 2019.
Electric carmaker Fisker recalled 12000 vehicles, and on June 28th electric carmaker Fisker said it would recall more than 12, 000 Ocean vehicles to address problems that the handles outside the vehicle may be stuck and cannot be opened.
It is reported that this is the company’s third recall of cars in June.
Focusing on intelligence, Toyota will launch its first electric vehicle with advanced self-driving system in China in 2025, and Toyota plans to launch its first electric vehicle similar to Tesla’s advanced self-driving system to the Chinese market next year.
Guangzhou Auto Toyota, Toyota’s joint venture in China, said it would launch the Platinum Intelligence 3X SUV next year as the first model with an autopilot system.
The system will provide advanced driving assistance functions such as parking and navigation for highway and urban traffic.
Last fall, BMW’s L3-class autopilot system Personal Pilot was approved for 7-series cars, and now BMW 7-series cars are approved with L2-and L3-class self-driving functions, raising the company’s stakes in the ADAS arms race.
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