Renault changes partner in China

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Renault changes partner in China
- The Renault group set a partnership with Dongfeng in the 2010s to produce and sell vehicles in China. This choice was pushed by the fact that Dongfeng was the principal partner of Nissan, Renault's partner in the Renault-Nissan Alliance. What had worked so well with Nissan in China could also be repeated with Renault, but the Chinese sales of Renault never really took off. In 2020, 1,133,000 Nissan were sold in China while Renault sales did not exceed 5,500 units (compared to 20,000 in 2019, 50,000 in 2018 and 72,000 in 2017).

- Suddenly, Renault had considered leaving the Chinese market, but like PSA (now Stellantis), the French carmaker decided to stay in China but to find a new local partner. It was finally with Geely, the first independent Chinese carmaker, that the agreement was reached.

- Geely is a large group which owns the Volvo, Polestar, Lynk & Co, Proton, Lotus and LEVC brands. It is also a Daimler partner in the future Smart made in China project.

- Without being involved again in the future Smart project, Renault could design and market hybrid and electric vehicles jointly under the Geely and Renault brands. Remaining the case of the Dacia Spring which is still assembled at Dongfeng plant and also the case of the Ezoom Yi sedan which we should discover in Europe in the coming months (under the Mobilize brand). Renault's strategy in China therefore seems to be questionable today without being redefined with precision.


    
 

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Inovev forecasts 50,000 units per year of the new Genesis GV60

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Inovev forecasts 50,000 units per year of the new Genesis GV60

- The Genesis brand, a premium subsidiary of Hyundai-Kia group, like Lexus for Toyota or Infiniti for Nissan, presented the fifth model in its range, after the G70, GV70, G80, GV80 and G90. The GV60 (C-segment) is located below the GV70 (D-segment) and GV80 (E-segment). It is therefore an SUV in the terminology of the carmaker.


- The sedans are named G70 (D segment), G80 (E segment) and G90 (F segment). What is missing today is a C-segment sedan that could be called G60 and be in the same segment as the Lexus CT.


- Unlike the brand's other models, the Genesis GV60 SUV is powered by an electric motor. This is Genesis’s first all-electric model and arguably not the last. It is based on the E-GMP platform used in particular by the recent Hyundai Ioniq 5 and Kia EV6, and which will be used on all future 100% electric models of the Korean group. The GV60's battery is expected to provide between 450 km and 500 km of range according to the WLTP cycle.


- But the aesthetics of the Genesis GV60 stand out sharply from that of its cousins Hyundai and Kia, as if the group that owns the three brands wanted to give each of them a specific style.


- The Genesis GV60 will be produced in South Korea alongside the GV70 and GV80 at the Asan site. Inovev expects 50,000 annual sales of this model which will be in a way the premium version of the Hyundai Ioniq 5 and Kia EV6. Sales forecasts for the Ioniq 5 and EV6 had been set by Inovev at 75,000 units per year for each of these two models. 



    
 

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Breakdown of BEV sales by country in Europe (Q1-2021)

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Breakdown of BEV sales by country in Europe (Q1-2021)
- Over the first six months of 2021, European sales of battery electric vehicles (BEVs) increased by 127.3% compared to the first six months of 2020, according to the latest figures released by ACEA, meaning 503,411 units against 221,514 units in the first half of the year. These sales represent 7.9% of the European passenger car market in the first half of 2021. It should be noted that this analysis is carried out on 30 European countries, that is to say the 26 of the European Union, plus the United Kingdom, Switzerland, Norway and Iceland.

- The analysis of the sales by country in Europe, shows that the countries located in Eastern Europe, more precisely those which joined the European Union the latest, are much less demanding of these vehicles than other countries located in Western Europe. They only represent 2.4% of BEV sales in Europe in 2020 (17,657 units), while all engines combined, these countries represent 9.7% of the European passenger car market.

- In the first half of 2021, they represented 3.9% of BEV sales in Europe (9.6% all engines combined), or 19,872 units, marking a slight improvement compared to 2020. But these figures are still very far from those registered by BEVs in Western European countries (8,3%).


    
 

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Inovev plans 100,000 units per year of the new Kia EV4

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Inovev plans 100,000 units per year of the new Kia EV4
- First appearing in 2008, the Kia Soul was a small MPV available with gasoline and diesel engines. When it was renewed in 2014, the Kia Soul was still available in gasoline and diesel engines, but the carmaker added a 100% electric version, presented two years after the Renault Zoe, which in 2012 opened up the European electric market. This version only represented a small portion of Soul sales at the time.

- The third generation of the Kia Soul launched in 2018 abandons the diesel engine but retains the gasoline and electric engines. The latter takes an increasingly important place in the range, so that the versions exported to Europe are gradually becoming predominantly 100% electric.

- The Kia EV4, which will succeed to the Soul in 2022, will only be 100% electric model. It is in the Kia range under the EV6, presented in recent months. Taking the body style of the Soul, it is now a 4.30 m long SUV (10 cm longer than the Soul) competing with the Mercedes EQA, Audi Q4 and Volvo C40. Based on the E-GMP platform used across the full range of all-electric Kias known as EV, the EV4 will be the shortest of the proposals on this platform, as future EV5, EV6 and EV7 models launched next year will be larger. The battery capacity is available in two versions: 58 kWh and 77.5 kWh.

- Inovev expects a sales volume of 100,000 units per year of the Kia EV4 to be produced in South Korea, like all Kia EVs. It would be the best-selling of all the Kia Evs.


    
 

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Breakdown of PHEV sales by country in Europe (Q1-2021)

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Breakdown of PHEV sales by country in Europe (Q1-2021)
- Over the first six months of 2021, European sales of plug-in hybrid electric vehicles (PHEVs) increased by 200.4% compared to the first six months of 2020, according to the latest figures communicated by ACEA, totalising 537,212 units against 178,842 units the previous year. These sales represent 8.4% of the European passenger car (PC) market in the first half of 2021. It should be noted that this analysis is carried out on 30 European countries, that is to say the 26 of the European Union, plus the United Kingdom, Switzerland, Norway and Iceland.

- When we analyse the sales by country in Europe, we see that the countries located in Eastern Europe, more precisely those which joined the European Union the latest, are much less demanding of these vehicles than other countries located in Western Europe. They only represent 1.7% of PHEV sales in Europe in 2020 (10,519 units), while all engines combined, these countries represent 9.7% of the European passenger car market.

- In the first half of 2021, they represented 1.8% of PHEV sales in Europe (9.6% all engines combined), or 9,843 units, recording an increase of 175% compared to 2020, but these figures are still very distant of those recorded by PHEVs in Western Europe (9.1%).


    
 

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