latest flash news, including attachments, available to Autofox News subscribers after login
Microelectronics UK, Semiconductors UK, Photonics UK, Embedded Systems UK 2025: IQPC to hold four conferences on value chains across microelectronics, semiconductor, photonics, embedded systems industries in London, UK on September 24-25. Representatives of BMW Group, McLaren Applied, Fujitsu, Leonardo, NXP, Nokia, Siemens Digital Industries Software, Siemens EDA, Johnson Controls, Ericsson, Airbus, Intel, Horiba Mira, Analog Devices, Honeywell, Eaton European Innovation Center, Paul Swift Precision Driving, Schneider Electric, Amazon Web Services (AWS), Dell to speak at event
September 17, 2025 | 05:44pm CETflashread more
Jaguar Land Rover Automotive (JLR) announced that some data has been affected by cyber attack, informing relevant regulators
September 17, 2025 | 05:35pm CETflashread more
Stellantis (Peugeot, Citroën, DS Automobiles, Opel, Vauxhall, Fiat, Fiat Professional, Alfa Romeo, Abarth, Lancia, Maserati, Chrysler, Dodge, Jeep, Ram, Leapmotor) returned to European Automobile Manufacturers’ Association (ACEA) after two years, becoming association's 16th member
September 17, 2025 | 05:27pm CETflashread more
Hedrich: Kia (Hyundai Group) not to support postponement of European Union (EU)’s 2035 zero-CO2 emissions goal for new cars and vans. Company massively invests in extension of portfolio of battery electric vehicles (EV2, EV3, EV4, EV4 Fastback, EV5, EV6, EV9, PV5, PV7), in Slovakia (EUR 108 million in Žilina, EV4 Hatchback and EV2 models) and elsewhere. Automaker expects BEVs to account for 74 % of its total sales in Europe by 2030
September 15, 2025 | 04:57pm CETflashread more
European Mobility Week 2025 (September 16-22): 44 countries and 1,934 cities to participate, including Czechia (31 cities), Slovakia (57), Poland (129), Hungary (68), Germany (237), Austria (228), Spain (426), Ukraine (3) and non-European (Argentina, Japan, Ecuador, Mexico, Peru)
September 15, 2025 | 04:40pm CETflashread more
ČSÚ: Car prices in Czechia down by 0.4% m/m in August, up by 1.1% y/y (new: -0.2% m/m, +0.7% y/y; used: -0.5%, +1.4%). Inflation (consumer price index/CPI) in related areas developed differently – motorcycles (+1.1%, +4.1%), spare parts and accessories (-0.4%, +1.2%), fuels and oils (-0.9%, -7.6%), maintenance and repairs / service works (+0.2%, +5.2%)
September 15, 2025 | 04:34pm CETflashread more
Take Charge Europe: European Union (EU) should maintain its 2035 zero-CO2 emissions target for new cars and vans, over 150 CEOs and business leaders from Europe’s e-mobility ecosystem, including vehicle manufacturers, battery producers, charging providers, software developers, material suppliers, electricity suppliers, engineering service providers and grid operators (Lucid, Rivian, Polestar, Volvo Cars/Geely Group, Moon Power/Porsche Holding Salzburg/Volkswagen Group, A2A Life Company, ABB E-mobility, AFRY, Allego, Alfen, Alpitronic, Ampeco, Anyos, AstraZeneca, AutoManager, Basquevolt, Cabify, Chargebyte, Chargecloud, Chargemap, ChargePoint, Chargepoly, ChargeX, CheckWatt, Circontrol, Cylib, Driveco, Dürr, EDP, EEVEE Mobility, Eirich, Ekoenergetyka, Electra, Electroder, Ellevio, Elocity, eMabler, Enequi, Enervie, EV Assistance, Exacom/Viscom, Fastned, Forsee Power, Gireve, Greenway, Hager, Hubject, Hydrovolt, Iberdrola, Ikea/Ingka, Ionity, Izivia/EDF, Kempower, Last Mile Solutions, LG Energy Solution, Logivolt, Mecaware, Mob-Energy, New AutoMotive, Nitid, Octopus Electroverse, Octopus Energy, Optimile, Orano, Pionix, Planet A Ventures, Plugbox, Plugit, Plugsurfing, Powerdot, Primobius, Qurrent, Ridergy, Rock Tech Lithium, Samsung SDI, Scame, ScreenCharge, Silla Industries, SK On/SK Innovation, Smappee, Socomec, Spirii, Swish, Talga, Tokai Cobex, Uber, Vattenfall, Verkor, Vianode, Vireo Ventures, Virta, Wallbox, We Drive Solar, Wirelane, Zaptec, Zunder), said in joint call by associations E-Mobility Europe and ChargeUp Europe
September 12, 2025 | 12:34pm CETflashread more
Rho Motion: Global new electric vehicle (EV) sales grew by 15% to 1.7 million (1.16 million BEVs, 0.57 million PHEVs) passenger cars and light-duty vehicles (LDVs/LCVs) in August, by 25% to 12.5 million in first eight months – China: 7.6 million BEVs and PHEVs (+25%), Europe (EU & EFTA & UK): 2.6 million (+31%), North America (USA & Canada & Mexico): 1.3 million (+6%), Rest of World (RoW): 1 million (+44%)
September 12, 2025 | 12:26pm CETflashread more
Hyundai to suspend production in Nošovice, Czechia (Tucson, i30, i30 N, Kona Electric models; ICEVs, MHEVs, HEVs, PHEVs, BEVs) for next three days (September 22-23, September 29) due to reduced sales, unions (ZO OS KOVO Hyundai Czech) said. This is another shutdown at Hyundai Motor Manufacturing Czech after two non-production days on September 8-9
September 12, 2025 | 12:16pm CETflashread more
GlobalData increased 2025 Western European new car sales outlook by 20,000 units from 11.39 million (-1.4%) to 11.41 million (-1.2%)
September 11, 2025 | 03:26pm CETflashread more
Automakers, suppliers: European Union (EU) targets for reducing CO2 emissions from new cars and vans for 2030 (55% reduction compared to 2021, -50%) and 2035 (zero) are no longer feasible and need to be reviewed, ACEA (members: BMW Group, DAF, Daimler Truck, Ferrari, Ford, Honda, Hyundai, Iveco, Jaguar Land Rover/JLR, Mercedes-Benz, Nissan, Renault Group, Stellantis, Toyota, Volkswagen Group, Volvo Group) and CLEPA (ABEE, Adient, Agrati, Aisin, Allison GmbH, Allison Transmission, Aptiv, ARaymond, Astemo, Aurobay, Autoliv, BASF, BorgWarner, Bosal, BPW, Brembo, Brigade, Britax Römer, Brose, Brugola, Clarios, Continental, Cummins, Cybex, Denso, Deutz, Domo, Dorel, Dow, DTS, Dumarey, Dunlop Tech, Dupont, Eaton, Eberspächer, Eminox, EGLA, FEV, Forvia Faurecia, Garrett, Gates, Gentex, Goodyear, Haldex, Harman/Samsung, Hengst, HERE, Hidria, HL Mando, Honeywell, Horse, Huf, Hutchinson, Hyundai Mobis, IEE, Jost, Joyson, Jtekt, Kautex/Textron, Klimator, Knorr-Bremse, Koito, KYB, Lear, LG Electronics, Magna, Mahle, Mann+Hummel, Marelli, Maxion, Mitsubishi Electric, Mondragon, MS Motorservice/Rheinmetall, Murata, Newell, Nexteer, Niterra, Nvidia, NXP, Octo, OP Mobility, Orafol, Osram, Panasonic Industry, Phinia, Pilkington, Qualcomm, RESRG, Robert Bosch, S-Tec, SAF-Holland, Saint-Gobain Sekurit, Sanden, Schaeffler, SEG, Sensata, SKF, Smart Eye, Sogefi, Sony, STMicroelectronics, Stradvision, Tallano, Tenneco, TMD, Tobii, Tokai Rika, TomTom, Toyoda Gosei, Toyota Boshoku, Trane, Valeo, VBG, Veoneer, Vibracoustic, Visteon, Waymo, Webasto, Yazaki, Zenseact, ZF, ZKW) said. Associations added that their members committed to invest more than EUR 250 billion towards green transition by 2030
September 11, 2025 | 03:14pm CETflashread more
New Mobility Congress 2025: On September 23-25, PSNM (Polish New Mobility Association) to hold in Katowice, Poland 6th conference, exhibition on sustainable development in transport in Central and Eastern Europe (CEE). Representatives of Volvo Car Poland, Volvo Trucks Polska, Volkswagen Group Polska, Daimler Truck Polska, Nio Europe, Toyota Northern Europe, Chery Europe, Farada Group, Visa, Fastned, Ionity, Ionway, Garo Polska, Google Cloud Poland, McKinsey & Company, Orange Polska, Enterprise Mobility, mBank, Lane Patrol, Wastes Service Group, Wamtechnik, FlixBus UK, Alpitronic, Ertico - ITS Europe, Last Mile Solutions, BASF, Ascend Elements, Miba Engineering Center Poland, Ampcontrol, Dosta Tec, SICK, Movares Smart Urban Engineering, Lenze, ICCT (International Council on Clean Transportation) Europe, EIT InnoEnergy, E-Mobility Europe, IDDRI (Institute for Sustainable Development and International Relations), Smart Freight Centre (SFC), UN Global Compact Network Poland, EC (European Commission), Cleantech for CEE, EUCOBAT to speak at conference, 68 exhibitors (Renault, Dacia, Nissan, Daimler Truck, GAC, Geely, Mazda, Toyota, Volvo, Adaptive Motors Poland, Volkswagen Financial Services, AAA Auto/Aures Holdings, Alpitronic, DPD, Ekoenergetyka, Fanuc, Kempower, Orlen Charge, Schneider Electric, Siemens, Thermo King, EIT Urban Mobility) to join trade fair
September 10, 2025 | 03:30pm CETflashread more
Original reports Autofox
GE Money Auto offers 50% discount on windscreen insurance to credit in Czech Rep in Q2
April 30, 2013 | 12:11am CEToriginalThe condition is a contract of liability insurance. Insurance partners, Ipsos survey, penetration of insurance, rates/savings...
read moreNissan started selling Leaf EV in Central Europe
April 29, 2013 | 06:14am CEToriginalCountries including the Czech Republic and Slovakia, prices, accessories, dealers, fast charging stations in the dealership, the Carwings system, the Leaf facelift, the e-NV200...
read moreVolvo began offering extended warranty on new cars in Czech Rep
April 29, 2013 | 06:07am CEToriginalExtending cooperation with CarGarantie including warranties on Volvo Selekt used cars, parameters, options, prices, loyalty program...
read moreAuto Enge opened second Volkswagen branch in Czech Rep
April 29, 2013 | 05:55am CEToriginalThis Auto Charouz group’s dealer has entered Prague. Location, scope of services, business results...
read moreBrnocar opened first DS Salon in Czech Rep
April 29, 2013 | 05:44am CEToriginalThe showroom for sales of DS premium cars in the Citroen dealership in Brno has exposed all the models...
read moreAuto In became Nissan dealer, opened showroom in Pardubice
April 29, 2013 | 05:33am CEToriginalThe company has thus expanded its portfolio with a second brand. Location of the showroom, website, dealer situation in the region...
read moresAutoleasing offers extended warranty or guarantee check discount to credit in Q2
April 25, 2013 | 11:00pm CEToriginalParameters of the special offer and its benefits, Travel Card, the use of selected new car dealers...
read moreSkoda Auto expanded Parts Centre with high-rack warehouse
April 25, 2013 | 10:41pm CEToriginalThe amount of investments, supplies for Volkswagen Group brands, stackers 42 meters high, a supplier of storage solutions...
read moreBrano received new orders for Nissan, Jaguar, Fiat and Alfa Romeo cars
April 25, 2013 | 06:35am CEToriginalProduction in the Czech Republic and Russia, transfers of production, the possibility of expanding cooperation with Lear, prepared collaboration with JTEKT...
read moreStarlife to renew part of its fleet with new brand – Peugeot
April 25, 2013 | 06:25am CEToriginalModels and number, form and length of financing, supplier, collaboration of Peugeot and Starlife within two charitable projects, the total fleet size, brands and models...
read moreTwenty-nine HEVs and three EVs registered in Czech Rep in March
April 25, 2013 | 06:10am CEToriginalThe register newly includes 59 vehicles powered by CNG and 32 cars by LPG. Brands and models, results in Q1...
read moreHyundai Dymos wants to supply also other carmakers in Europe than Hyundai-Kia
April 23, 2013 | 11:44pm CEToriginalThese include some German or Polish car manufacturers. Profile of the Czech plant in Nosovice, the current contracts...
read moreVolvo remains Volvo: Volvo extended service program for older cars in Czech Rep
April 23, 2013 | 11:37pm CEToriginalThe categories 5+ and 8+ newly include 4+. Segmentation of discounts on parts and labour, car history screening, discounted installation of the Czech language...
read moreSwell started using photogrammetry – very accurate contactless measurement
April 23, 2013 | 11:31pm CEToriginalThe company acquired portable device Tritop in their test room in Horice, which is used in the measurement of displacements and deformations of components...
read moreCSU: Car prices in Czech Rep flat m/m in March
April 23, 2013 | 11:25pm CEToriginalWhile new cars became more expensive, used cars became cheaper. Prices of servicing and spare parts went up. Detailed information...
read moreFords’ Open Days: Ford holds open days in Czech Rep in late April
April 23, 2013 | 11:18pm CEToriginalTest drives, 5-year warranty when buying a new car, advantageous loan with additional bonuses, free spring service inspection, a competition of a Ford Fiesta...
read moreGorin: Peugeot wants to increase its market share to 5% in Czech Rep in 2013
April 23, 2013 | 12:26am CEToriginalSuccessful March and Q1, results in B2B sales, new models, opening of additional Blue Boxes, sales of used cars, Hybrid Air technology...
read moreOtsuka Brano acquired new client – Nissan
April 23, 2013 | 12:18am CEToriginalFour new contracts from Suzuki and Nissan for upcoming models, products, timing, new production technologies installed in Olomouc...
read moreSkoda Auto put new logistics centre in Mlada Boleslav into full operation
April 23, 2013 | 12:04am CEToriginalParameters of the U6 hall, direct delivery of components to the M13 assembly hall, automation and optimization of logistics, the possibility of expansion thanks to the modularity...
read moreHurt: Skoda to focus on RIC countries by 2018, also wants to grow in Europe
April 22, 2013 | 12:29am CEToriginalPlans for individual regions, new emerging markets south of Europe, import of the Yeti and the Superb Combi to China, the first Skoda station wagon in the Chinese market...
read moreSaitz: Hyundai plans to sell more cars than Kia in Slovakia in 2013
April 22, 2013 | 12:17am CEToriginalRegarding the monthly sales, Hyundai has already overtaken its sister brand. The sales plan, activities independent of the Czech distributor...
read moreContinental to build another plant in Russia
April 22, 2013 | 12:05am CEToriginalLocation, investment amount of the Powertrain Division, products, production volumes, HR, timing, other investments of other two divisions...
read moreIntertax Expert began offering product Mobility24, alternative to full-service leasing
April 19, 2013 | 03:09am CEToriginalThe new company of the former head of EurotaxGlass’s in the Czech Republic; products and services; partners of AuDaCon, Agip, Elit or Europ Assistance...
read moreAuto Eder moved Toyota dealership in Karlovy Vary
April 19, 2013 | 02:57am CEToriginalParameters of the new showroom, geometry quick check, the first Toyota dealer with charging station in the Czech Republic, sales performance in 2012 and outlook...
read moreCar production in Czech Rep decreased by 18.1% in Q1
April 19, 2013 | 02:53am CEToriginalSkoda Auto saw a drop of 20.2%, Hyundai Motor 8.6% and TPCA 23.7%. Reasons, production of trucks (Tatra, Avia) and buses...
read more
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AssociatonsACEA, EuropeAEB, RussiaNGV Association, CzechiaAutomotive Industry Association, CzechiaCAAM, ChinaCzech Insurance Association, CzechiaCzech Insurers’ Bureau, CzechiaCzech leasing and financial association, CzechiaCzech Gas Association, CzechiaCzech Gas Union, CzechiaKBA, GermanyOICAPFA, FranceCar Importers Association, CzechiaSISA, CzechiaSMMT, United KingdomVDA, GermanyAutomotive Industry Association, Slovakiashow all
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AutomakersAixamAston MartinAvtoVAZ• LadaBAICBitterBMW Group• Alpina• BMW• Mini• Rolls-RoyceBrillianceBYDCaterhamCheryCNH Industrial• Iveco• (Irisbus)Czechoslovak Group• Avia• TatraDAFDaimler• Freightliner• Fuso• Mercedes• Setra• (Maybach)DongfengDR AutomobilesEkobusEkovaFAWFerrariFiskerFord Motor• Ford• Lincoln• (Mercury)GACGAZGeely Group• Geely• LEVC• Lotus• Lynk & Co• Polestar• Proton• Smart• Volvo CarsGeneral Motors• BrightDrop• Buick• Cadillac• Chevrolet• Corvette• GMC• Holden• (Daewoo)• (Hummer)• (Pontiac)• (Saturn)GonowGordonGreat Wall Motor• GWM• Haval• Ora• Tank• WeyHengchiHonda Motor• Acura• HondaHyundai Group• Genesis• Hyundai• KiaIneosIsuzuKaipanKamazKing LongKoenigseggLucidMahindra & Mahindra• Mahindra• Reva• SsangYongMartin MotorsMazdaMcLarenMitsubishiMorganNanjing AutomobileNavistarNioNissan Motor• Datsun• Infiniti• NissanPaganiPiaggioQorosRenault Group• Alpine• Dacia• Renault• SamsungRimac(Saab)SAIC Motor• LDV / Maxus• MG• Roewe(Santana)SeresSkoda ElectricSolarisSORSpykerStellantis(Fiat Chrysler Automobiles)(Fiat Group)(Chrysler Group)(PSA)• Abarth• Alfa Romeo• Chrysler• Citroen• Dodge• DS• Fiat• Jeep• Lancia• Maserati• Opel• Peugeot• Ram• VauxhallSubaruSuzukiTata Motors• Jaguar Land Rover• Jaguar• Land Rover• Tata(Tedom)TeslaTOGGToyota Motor• Daihatsu• Lexus• Toyota• (Scion)VDLVolkswagen Group• Audi• Bentley• Bugatti• Cupra• Ducati• Lamborghini• MAN• Porsche• Scania• SEAT• Skoda• VolkswagenVolvo Group• Mack• Nova Bus• Prevost• Renault Trucks• UD Trucks, Buses• Volvo Trucks, BusesYamahaZotyeOthershow all
FactoriesHyundai Motor Manufacturing Czech (HMMC) - Nošovice, CzechiaKia Slovakia - Žilina, SlovakiaPSA Slovakia - Trnava, SlovakiaŠkoda Auto - Kvasiny, CzechiaŠkoda Auto - Mladá Boleslav, CzechiaŠkoda Auto - Vrchlabí, CzechiaToyota Motor Manufacturing Czech Republic (TMMCZ) - Kolín, CzechiaVolkswagen Slovakia - Bratislava, SlovakiaVolkswagen Slovakia - Košice, SlovakiaVolkswagen Slovakia - Martin, SlovakiaVolkswagen Slovakia - Stupava, Slovakiashow all
Component manufacturers3MABBAGCAisanAisinArcelorMittalArvinMeritor (Meritor)AutolivBASFBehr (Mahle)BenetBentelerBorgersBorgWarnerBoschBranoBremboBridgestoneBriskBroseCadence Innovation (Magna)ConstructContinentalDanaDefendDelphiDensoDonaldsonDuraEdschaEissmannEuWe Eugen WexlerFaureciaFederal-MogulFehrerFTE AutomotiveFutabaGestampGetragGKNGoodyearGrammerGrupo AntolinGumotexHanonHellaHennigesHitachiHoneywellHP PelzerHutchinsonHyundai Dymos, Mobis, HyscoIACIntevaJohnson ControlsJTEKTKarsitKiekertKirchhoffKnorr-BremseKoitoKongsbergKostalKoyoKSPGLearLeoniLGLisiMagnaMagneti Marelli / Automotive LightingMann+HummelMatador AutomotiveMegatechMichelinMitsubishi Electric, RayonMubeaNemakNexenNSKOsramPanasonicPirelliPlastic Omnium / InergyRecticelRehauRieter (Autoneum)SaarGummiSaint-GobainSamsungSamvardhana MothersonSanyoSAS AutomotiveSeniorSchaefflerSiemensSKFSumitomoTakataTennecoThyssenKruppTI AutomotiveTiberinaTokai RikaToyoda GoseiTrelleborgTRWValeoVarrocVisteonWabcoWebastoWitteYanfengYazakiZFshow all
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SELECTED FLASH NEWS
Science Based Targets initiative (SBTi): Since 2015, total of 11,437 companies set targets...
JATO Dynamics: USA, Germany made greater technological progress in electromobility than...
Cyrani: ČEZ wants to reach 1,000 charging stations in Futurego public charging network in...
Science Based Targets initiative (SBTi): DSV and its suppliers ordered 300 Volvo electric...
Pirelli and its second largest shareholder MTP/Camfin (27.4% stake; controlled by Pirelli...
GlobalData: New diesel car (including diesel hybrid) sales in Western Europe down by 17%...
The Climate Pledge: Initiative to achieve net-zero carbon (CO2) emissions by 2040 (10...
World Health Organization (WHO) classified automotive gasoline as proven carcinogen....
CarGarantie agreed to cooperate with Emil Frey in Czechia, providing 1-year unlimited...
ČSÚ: Over past 20 years, transport (mostly fossil-fuelled) in Czechia became almost three...
The Climate Pledge: Amazon ordered more than 200 Mercedes-Benz eActros 600 (621 kWh...
Auto Goldcar closed Škoda dealership in Prague, Czechia (service remained). In released...
Dolák (Toyota dealer in Příbram, Písek, Tábor, České Budějovice and Pilsen, Czechia)...
Škoda increased prices of all internal combustion engine (ICE) models in Czechia by up to...
Holan: SUDOP Energy and Environment (SUDOP Group; provider of services in areas of energy...
Autocentrum Dojáček (Fiat, Fiat Professional, Jeep, Hyundai dealer in Prague, Czechia)...
Davo Car (80,000 sqm used car shop with 140 employees in Olbramovice, Czechia; turnover of...
Auto Eder (Toyota, Lexus, Polaris, VebaBox dealer in Karlovy Vary, Czechia) to build Lexus...
Brose to expand production in Czechia (Brose CZ, Brose Sitech; seat structures, electric...
Prognos, VDA: 46,000 jobs lost in German automotive industry between 2019 and 2023 due to...
ESG: Constellium (manufacturer of aluminum products for automotive industry, other...
Mobility & Innovation Production (manufacturer of electric, hydrogen city buses in...
Car Importers Association (SDA), Statistics Austria (Bundesanstalt Statistik Österreich):...
Kooperativa (Vienna Insurance Group) signed memorandum of understanding (MoU) with...
New brands (exclusively Chinese) entering Czech market (2024: EVO 172 g/km, 2023: n/a; DR...
JATO Dynamics: Germany (21% share of total registrations in Europe, 2023: 21%; excluding...
Klíma: E.ON Drive Infrastructure (EDRI) to invest CZK 3 billion (EUR 120 million) in...
ESG: Thanks to support of Panattoni (developer, lessor of industrial, warehouse, office...
Marušinec (ASEP, BatteryX, Elon Club): Batteries for electromobility experienced...
SympH2ony (Symphony): Toyota Tsusho Europe, Messer established 50/50 joint venture in Bad...
Cebia started providing business partners (leasing companies, other firms) with...
Coface CEE Top 500 Ranking 2024: Automotive and transport industry (90 largest firms, +18...
ESG: Berner Group (manufacturer of chemical, other products for maintenance, repair, care...
Volkswagen Group Services (formerly AutoVision; service provider in areas of R&D, IT...
Zebra Group (manufacturer of diesel, electric municipal vehicles with 25 employees in...
Tatra Trucks develops series of Tatra Force e-Drive battery, hydrogen vehicles with...
Škoda Auto opened tomographic center for analysis of high-voltage batteries in Mladá...
Štefek (PwC): Non-financial/ESG reporting (Environmental, Social, Governance;...
SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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