Latest news with #BEVs
The Irish Sun
2 days ago
- Automotive
- The Irish Sun
Iconic car maker recalls over 14,000 motors due to ‘serious' fault that could see you lose control of brakes
OVER 14,000 vehicles have been recalled after a potentially dangerous fault was discovered. The cars were found to have an underlying issue which could affect the brakes. 2 Over 14,000 cars have been recalled after a software issue was found to potentially affect brake function (stock image) Credit: PA The issue has occurred in thousands of electric and plug-in hybrid Volvo vehicles across the US. Volvo Car USA, LLC issued the It was concluded that this problem could potentially lead to a loss of brake function. The issue is said to stem from the Brake Control Module, which can cause a failure in the braking system under specific driving conditions. Read More On Motors Therefore, this defect could significantly increase the risk of the vehicle crashing. This recall impacts 14,014 select models from the years 2020 through 2026. The two models recalled are the Battery Electric Vehicles (BEV) and Plug-in Hybrid Electric Vehicles (PHEV). It was found that a temporary loss of braking functionality may occur after coasting downhill for an extended period in certain driving modes. Most read in Motors Pressing the brake pedal after this occurs may then disable the brakes entirely. This safety issue can occur when a vehicle is coasting downhill for at least one minute and 40 seconds. Ford is forced to immediately shut down factories and halt car production as CEO admits 'day to day' struggle for brand It is specific to vehicles operating in 'One Pedal Drive' mode (for BEVs) or 'B' drive mode (for PHEVs) without the driver applying the brake or accelerator pedals. It is significantly dangerous if the driver then presses the brake pedal, as this action may cause a complete loss of braking function, elevating the risk of a collision. The root of the problem is attributed to Brake Control Module software version 3.5.14. Volvo said it will provide a free software update for all affected vehicles. Until the recall remedy is performed, owners are advised to avoid using the 'One Pedal Drive' and 'B' drive modes. Find Your Next Car by What You Can Actually Afford Sun Motors has created the UK's First Finance-First Marketplace You can check in less than 60 seconds if you are eligible for financing, and then search for your dream used car within your monthly budget. Here's how... Soft credit check , with no impact on your score 60-second approval , get a real finance decision in less than a minute Instant match , only see cars that fit your real budget AI-powered help , get tailored advice, suggestions, and instant answers from an AI advisor called Theo Find out what you can afford in just 60 seconds Finance Powered by DSG Finance who are a Credit Broker Not A Lender. Representative 12.9%. Your rate may differ depending on individual circumstances Owners of affected models will be officially notified by mail from Wednesday, August 6. Volvo announced the recall population was traced to a specific software version released on April 25, 2025. The recall covers a wide range of Volvo's electrified lineup: 2023-2024 C40 BEV, XC40 BEV, EC40, and EX40 2020-2025 XC90 PHEV 2022-2025 XC60 PHEV 2023-2025 S60 PHEV 2024-2025 V60 PHEV 2025 S90 PHEV The remedy involves a software update, performed at no cost to the owner. Owners who have already paid for repairs related to this issue may be eligible for reimbursement. Dealers were notified of the recall on June 12, 2025. And owners can check if their vehicle is included in the recall by entering their Vehicle Identification Number (VIN) on the For more information, owners can visit the 2 Volvo owners in the US can soon check if their vehicle is affected online (stock image) Credit: Getty
Time of India
3 days ago
- Automotive
- Time of India
Tata Motors shares drop 7% in 5 sessions
Tata Motors ' stock continued to slide following a weak financial and operational outlook issued by its UK-based subsidiary Jaguar Land Rover (JLR) for FY26. The company's shares fell 1 per cent to ₹679.20, marking a 7 per cent drop over the last five trading sessions, as investor sentiment turned cautious over economic challenges and global business headwinds, reports Financial Express. At its recent investor day, JLR guided for a 5–7 per cent EBIT margin in FY26, down sharply from 8.5 per cent in FY25, and projected near-zero free cash flow, compared to £1.5 billion FCF recorded in FY25. It also expects a year-on-year revenue decline to £28 billion, compared to £29 billion in FY25, missing its earlier revenue growth guidance of 26per cent for FY26. The revised forecast has prompted analysts and brokerages to lower earnings estimates, target prices, and recommendations. Macro Headwinds and Industry Pressures Take a Toll JLR outlined several business challenges affecting its outlook, which trade and technology protectionism, weaker dollar and tough macroeconomic conditions in China. Moreover, transition to BEVs (Battery Electric Vehicles) , stricter emission regulations and rising warranty costs have also weighed heavily on JLR's performance. The luxury carmaker is also grappling with regulatory hurdles, such as the need to develop separate ADAS (Advanced Driver Assistance Systems) for the US and China markets, as well as slower BEV adoption amid consumer hesitancy and evolving global norms. Brokerages React with Downgrades and Caution Brokerage firm Jefferies cut its FY26-28 EPS estimates by 12-19 per cent and retained an 'Underperform' rating, citing the deteriorating margin outlook and soft free cash flow guidance. Nomura maintained a 'Neutral' stance with a target price of ₹800, noting that the guidance cut was in line with its expectations. Nuvama Institutional Equities continued its 'Reduce' call with a target price of ₹670, highlighting modest 3 per cent CAGR in consolidated revenue and EBITDA over FY25–27. To cushion the impact of global tariffs and protect margins, Tata Motors plans a significant cost reduction of £1.4 billion (around 5per cent of sales) over FY26–27. The company aims to achieve 10 per cent EBIT margin by FY27–28 and work towards a long-term target of 15 per cent EBIT margin. JLR also expects relief from potential US-UK trade deal, which could reduce tariffs from 27.5 per cent to 10 per cent, retroactively effective from May 2025. Product Launches and Investments Continue Despite current headwinds, Tata Motors is sticking to its investment target of £18 billion over five years. Key upcoming product launches include Range Rover EV, Freelander EV (under China JV CJLR) and New Jaguar EVs. The automaker is also taking pricing actions in the US market to counterbalance import-related challenges and rising production costs. Domestic CV and EV Segments Also Facing Pressure Back home, demand in the commercial vehicle (CV) segment has slowed, while competition in the electric passenger vehicle (PV) space is intensifying, adding to Tata Motors' short-term operational concerns. While the weaker FY26 guidance has sparked immediate concerns among investors and analysts, Tata Motors is betting on cost efficiency, regulatory relief, and future EV rollouts to regain growth momentum. However, success will depend on geopolitical developments, global EV adoption trends , and execution of cost-control measures in the face of an increasingly volatile global auto landscape.
Yahoo
4 days ago
- Automotive
- Yahoo
LGES signs battery deal with Chery
South Korean electric vehicle (EV) battery manufacturer LG Energy Solution Ltd (LGES) revealed it has signed a deal to supply battery cells to the Chinese state-owned automaker Chery Automobile Company. LGES confirmed that it has agreed to supply Chery with 8 gigawatt-hours (GWh) of its 46-series cylindrical battery cells over a period of six years from 2026, enough to power over 120,000 battery electric vehicles (BEVs). The value of the contract was not disclosed, but it is estimated to be worth over KRW 1 trillion (US$ 734 million). LGES' newly-developed 46-series cylindrical batteries are larger and have a higher power output than its existing 2170-series batteries, and will be fitted to Chery's flagship BEV models. The nickel-cobalt-manganese (NCM) 46-series cells also offer higher energy density and better charging efficiency than many batteries on the market today. The two companies have also indicated that they plan to expand their partnership to include additional Chery BEV models. LGES' CEO, Kim Dong-myung, told reporters 'this deal marks a pivotal step in scaling up global adoption of our new 46-series batteries and securing a dominant market leadership.' "LGES signs battery deal with Chery" 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
Yahoo
11-06-2025
- Automotive
- Yahoo
VinFast revenues surge 150% in Q1
Vietnamese vehicle manufacturer, VinFast Manufacturing and Trading Company Ltd, reported a 150% year-on-year revenue increase in the first quarter of 2025, following a sharp rise in battery-powered vehicle deliveries. First-quarter revenues rose to VND 16.31 trillion (US$ 627 million), while operating losses amounted to VND 5.74 trillion and net losses reached VND 17.69 trillion. The company delivered a total of 36,330 battery electric vehicles (BEVs) globally in the first quarter, up almost threefold on the same period last year – helped by the recent launch of the VF3 and VF5 models. Deliveries of electric scooters and bicycles rose almost fivefold to 44,904 units in this period. Most of VinFast's vehicle sales so far have been in Vietnam. The company is increasing its focus on overseas markets in Asia, particularly Indonesia, the Philippines and India, as well as Europe, while delaying construction of its US plant to help manage capital expenditure. The company confirmed that as of the end of April, it had a global network of 388 stores, including wholly owned outlets and authorized dealers. VinFast's chairperson, Le Thi Thu Thuy, said in a statement: 'We are beginning to see improved operating leverage as volume growth and a streamlined footprint translate into a more efficient cost structure. Looking ahead, our next-generation EV platform and E/E architecture is intended to further BOM-cost optimisation, enhancing product quality, performance, and affordability across our lineup.' "VinFast revenues surge 150% in Q1" 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. Sign in to access your portfolio
Yahoo
07-06-2025
- Automotive
- Yahoo
BYD, Xiaoju Charging to roll out ‘Megawatt Flash Charging' network
China's largest new energy vehicle (NEV) manufacturer, BYD Company, has entered into a new partnership with Xiaoju Charging, the EV charging subsidiary of Chuxing Technology Company, to jointly build an intelligent, rapid charging network in the country using their latest charging technologies. Earlier this year, BYD unveiled its new "Megawatt Flash Charging" technology, which can provide battery electric vehicles (BEVs) with a driving range of up to 400 km with just a five-minute charge. The two companies are working together to build a network of 10,000 Megawatt Flash Charging stations over the next three years, with the aim of providing a high-quality, rapid charging service for their customers, including private car owners, ride-hailing drivers, logistics operators, and public transport vehicles. Construction of the first charging station is already underway in Nanchang, Jiangxi province. Xiaoju Charging recently announced that it planned to invest CNY 100 million this year to help charging site operators upgrade their equipment, allowing them to improve their charging services and customer experience. The upgrades include 'intelligent acceleration', smart maintenance, and advanced safety features. "BYD, Xiaoju Charging to roll out 'Megawatt Flash Charging' network" 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
