Core Insights - China's car sales reached a record high for 2025 in June, driven by increasing demand for new energy vehicles (NEVs) and intense competition among leading manufacturers like BYD and Geely Auto [1][10] Sales Performance - Vehicle sales in China rose for the fifth consecutive month in June, with approximately 2.1 million cars sold, marking an 18.6% increase year-over-year and a 13.9% increase month-over-month [2][10] - NEV sales accounted for 52.7% of total sales in June, the highest percentage for any month in 2025, with a year-over-year growth of 30% and a month-over-month increase of 28% [3][10] - Total vehicle sales in the first half of 2025 reached 15.65 million units, an 11.4% increase, while NEV sales rose 40% to 6.94 million units [3] Market Dynamics - The surge in NEV demand reflects China's accelerating transition to electric mobility, supported by a wider range of models and aggressive pricing strategies [4] - The market remains highly competitive, particularly in the EV sector, where ongoing price wars are impacting profit margins [4] Leading Companies - BYD maintained its position as the largest NEV maker in China with a 31.7% market share, selling 352,081 NEVs in June, a 25.7% increase year-over-year [5] - Tesla sold 61,484 vehicles in China in June, a 59.3% increase from May, but experienced a 4.3% decline in sales compared to the first quarter of 2025 [6] - Geely sold 114,798 NEVs in June, an 80.7% increase year-over-year, holding a 10.3% market share [7] - General Motors reported its strongest quarterly sales growth in China in four years, with deliveries exceeding 447,000 units in the second quarter of 2025, a 20% year-over-year increase [9] Future Outlook - The second half of 2025 will be critical in determining whether the current momentum in China's auto market can be sustained amid rising competition and margin pressures [11]

Company Overview - Allego N.V. is a leading provider of electric vehicle charging solutions, dedicated to accelerating the transition to electric mobility using 100% renewable energy [5] - The company operates a network of over 35,000 charging points across more than 16 countries in Europe, offering sustainable and reliable charging solutions to EV drivers [5] Leadership Appointment - Allego has appointed Holger Riemenschneider as the new Chief Technology Officer, bringing extensive experience in the e-mobility and automotive sectors [1][4] - Holger holds a degree in Mechatronic Engineering and an MBA, enhancing his qualifications for the role [2] Professional Background - Holger's career in e-mobility began at RWE, focusing on intelligent AC infrastructure, before moving to IONITY in 2021 to concentrate on DC infrastructure and IT systems [3] - He has over a decade of experience in technology leadership and large-scale international project execution, positioning him to advance Allego's technology strategy [4] Strategic Vision - The appointment of Holger is seen as a strategic move to reinforce Allego's commitment to innovation and sustainable growth in the electric mobility sector [1][4] - Allego's Executive Officer, Steven Salo, expressed optimism about the collaboration and innovation that Holger will bring to the company [4]

IRVINE, Calif., June 27, 2025 /PRNewswire/ -- Americans are increasingly seeing their cars as integral parts of the family - giving them names, sharing daily moments, and prioritizing their care, especially after they prove their worth in a crucial situation. This growing trend was a key insight for VinFast as they prepared to introduce their vehicles to the U.S. market. Their vision was clear: to design a car that genuinely feels like a cherished family member."The Bug Slayer", "Earth Mover", "Baby Sweet L ...

HOUSTON, June 24, 2025 /PRNewswire/ -- Envirotech Vehicles, Inc. (NASDAQ: EVTV) ("Envirotech") today announced its bold vision to lead the future of electric mobility by integrating sustainable, American- assembled solutions across land, air, and sea, tapping into multiple multi-billion-dollar end markets. As global demand for alternatives to carbon-heavy infrastructure continues to accelerate, Envirotech believes that it is well-positioned to deliver a unified ecosystem, driving clean-energy solutions in a ...

Arnhem, Netherlands, June 24, 2025 (GLOBE NEWSWIRE) -- Allego N.V. (“Allego” or the “Company”), a leading provider of electric vehicle charging solutions, today announces the launch of the Allego Summer Pass 2025. Designed to make summer travel easier and more affordable for EV drivers, this subscription offers access to Allego’s extensive fast and ultra-fast charging network across Europe, with an exclusive 30% discount on local ad-hoc prices. Valid from June 24 to September 30, the Allego Summer Pass 2025 ...

Core Points - Allego has launched the world's most secure Plug & Charge technology based on the OCPP 2.0.1 protocol, marking a significant advancement in electric vehicle charging solutions [1][5] - The new technology simplifies the charging process by allowing drivers to charge their vehicles without the need for apps, RFID cards, or manual interventions, enhancing user convenience [2][4] - Allego's network includes over 5,000 Fast and Ultra-fast charging points across Europe, supporting a seamless charging experience for all compatible electric vehicle models [2][7] Technology Overview - Plug & Charge utilizes ISO 15118-based authentication and payment methods, ensuring secure communication between the vehicle and charger [2][3] - The technology employs Mutual Transport Layer Security (TLS) and certificate-based authentication to protect against unauthorized access and billing errors [4][7] - OCPP 2.0.1 allows for future-proofing through remote firmware updates and secure certificate management, ensuring compatibility with new vehicle models and charging technologies [5] Company Positioning - Allego is positioned as a leader in the e-mobility industry, committed to accelerating the transition to electric mobility using 100% renewable energy [7][8] - The rollout of Plug & Charge technology is part of Allego's ongoing efforts to innovate and enhance the electric vehicle charging experience, collaborating with industry leaders such as Alpitronic, Hubject, and Ford [5][6]

Top three teams recognized for ideas to create sustainable electric mobility, tumor diagnostics accuracy and remote neurological monitoring BENGALURU, India, and BLUE BELL, Pa., June 5, 2025 /PRNewswire/ -- Unisys (NYSE: UIS) is pleased to announce the winners of the 16th iteration of the Unisys Innovation Program (UIP), a competition for engineering students across India. Established in 2009, the program bridges the gap between academic learning and hands-on experience by bringing young engineers together ...