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The rising price of new energy vehicles will stop Toyota develops a new four-cylinder engine European car sales continue to be sluggish

A few days ago, Luo Junjie, spokesman for the Ministry of Industry and Information Technology, said at the press conference of the State Council New Office that it will promote the price of raw materials for new energy vehicles to return to rationality as soon as possible, and at the same time, it will study and clarify the continuation of preferential tax treatment for new energy vehicles as soon as possible.

Affected by the epidemic factors and the situation in Russia and Ukraine, the raw materials for new energy vehicles are rising, which directly leads to an increase in the terminal price of new energy vehicles. Luo Junjie also said, "We will moderately accelerate the progress of domestic resource development, work with relevant departments to resolutely crack down on unfair competition such as hoarding and price gouging, and promote the return of raw material prices to rationality as soon as possible." The development of the new energy automobile industry has also recently faced problems such as the impact of the epidemic, the price increase of raw materials, and the shortage of chips, and the challenges still exist, and the stable operation is facing great pressure, which requires the joint efforts of all walks of life to promote the solution. ”

The rising price of new energy vehicles will stop Toyota develops a new four-cylinder engine European car sales continue to be sluggish

Toyota is investing $383 million in the U.S. in a new four-cylinder engine production facility

Recently, it was reported that Toyota is investing $383 million in its U.S. plant to prepare for new engine production. It is reported that the investment will be used in the production facility of the new four-cylinder engine, which will be used in traditional combustion engines and hybrid vehicles.

Toyota currently has four-cylinder engines with displacements of 1.8, 2.0 and 2.5 liters, excluding the four-cylinder horizontally opposed engine built by Subaru in the GR86. The investment suggests that Toyota is working on a new engine, but Toyota declined to provide any additional information.

The rising price of new energy vehicles will stop Toyota develops a new four-cylinder engine European car sales continue to be sluggish

New car sales in Europe fell for the ninth consecutive month in March

It is understood that data released by the European Automobile Manufacturers Association (ACEA) shows that the number of new car registrations in Europe in March fell by 18.8% year-on-year, and supply chain problems exacerbated by the war in Ukraine continue to hit the region's automotive industry, and multiple factors have led to a nine-month decline in new car sales. The number of new car registrations in the four major markets of the European Union - Germany, France, Spain and Italy - declined, of which Germany fell by 17.5% and Spain fell by 30.2%.

The rising price of new energy vehicles will stop Toyota develops a new four-cylinder engine European car sales continue to be sluggish

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