HOT TOPIC

// Kia EV9 SUV details released

Kia New Zealand has released key details of the electric seven-seat EV9 SUV ahead of its local launch in a few weeks, the new model expected to go on sale early October.

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HOT TOPIC

// Colonial records ‘strong result’

Profit drops amid “inconsistent” light-vehicle market and chairman tips demand for new vehicles to decline.

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HOT TOPIC

// Turners Automotive Group Limited (Turners) has announced it is expecting FY24 to be another record profit result for the business.

At the annual shareholders meeting on August 23, 2023, Turners reported that positive trading results so far have the company on track for the FY24 result to be ahead of the record FY23 result of $45.5M net profit before tax (NPBT).

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HOT TOPIC

// MMNZ formalises Taskforce Kiwi partnership

Mitsubishi Motors New Zealand (MMNZ) has formalised a loan vehicle agreement with Taskforce Kiwi, following its support of the not-for-profit’s Cyclone Gabrielle disaster relief response.

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HOT TOPIC

// Rule change for used imports

Etching VIN into rear window no longer necessary and agency predicts it will cut compliance costs.

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BEST OF THE REST

// BYD NZ dropping standard range Atto

BYD New Zealand is dropping the standard range Atto 3 SUV to create more showroom space.

// Bank targets EV buyers

New loans can be used on new or second-hand EVs purchased through a dealership. Westpac has announced it is offering interest-free loans of up to $50,000 for five years


INTERNATIONAL EV NEWS

// AI could boost efficiency of solar EVs, make them viable

Research suggests AI might enable more from solar by optimizing output for the full range of lighting conditions and other variables.


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IN OTHER NEWS

// Bentley unveils one-off GT Speed to celebrate first Continental

It’s been 20 years since the first Bentley Continental GT rolled off the production line in Crewe, United Kingdom,

// EV charger market worth $143.8b in 2030

The electric car charger market is estimated to be worth $12.6 billion (US$7.5b) and is expected to reach $143.8b (US$85.5b) by 2030,

// Another Chinese carmaker confirms plans to take on NZ

As Chinese carmakers like MG, BYD, and Great Wall Motor (GWM) continue to grow in New Zealand, another player has announced its plans to enter the game – Chery.


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