News in numbers

€46bn

Volkswagen Group is planning to invest around €46bn in electric mobility and the hybridization of its fleet in the next five years.

75 GWh

Electric vehicle battery manufacturer LG Energy Solution plans to expand its US battery production capacity to 75 gigawatt hours (GWh) by 2025, creating 10,000 jobs directly and 6,000 additional jobs among its subcontractors.

+365%

China's new vehicle market rebounded strongly in February 2021, by 365% year-on-year to 1.455m units after plunging by over 79% to just 310,000 units a year earlier.

9th

Renault has redesigned its logo - the diamond or lozenge used by the brand since 1925. The latest iteration will be the ninth. The current logo – created in 1992 and redesigned in 2015 – is being redesigned as Renault moves into a new era to meet the challenges of a modern international brand, with a significant focus on the digital world, the automaker said.

1.8m

1.8 million sales is the current forecast for the recovering UK new car market in 2021, which compares with pandemic hit 1.63 million sales in 2020 (the lowest annual total since 1962). In 2019, the UK car market exceeded 2.31 million units.

In pictures

The saloon and estate models of the new C-Class are starting to leave the production line at the Mercedes-Benz plant in Bremen, Germany. The new car will start production in Bremen, the lead plant in the global C-Class production network.
This will shortly be followed by start-ups at international locations in Beijing, China and East London, South Africa.