Latest news with #XiaoNing
Yahoo
19-06-2025
- Automotive
- Yahoo
Miraco Motor plans to launch electric vans in Europe
Miraco Motor plans to launch electric vans in the European market, challenging established players, reported South China Morning Post. Miraco Motor CEO Xiao Ning announced plans to launch its first model in Europe next year, targeting a 10% share of the market, which is over 1.7 million such vehicles sold annually. Ning said: 'Electric commercial vehicles have an overwhelming advantage over petrol rivals because of electricity's lower cost than gasoline. Our van will compete against six to seven rivals there, and we think it's reasonable to target a 10% share.' Miraco Motor, a commercial vehicle subsidiary of GAC Group, was established in late 2023 in Guangzhou, China. The company's battery-powered vans come with a claimed range of up to 350km on a single charge and are designed with a modular approach, which splits the drivetrain parts from the cabin and cargo areas, to facilitate the production of new models. Xiao Ning also revealed ambitions to delve into the robotaxi industry with autonomous driving systems. The company's strategy includes a partnership with European electric-van developer Flynt, which will handle sales and after-sales service for Miraco's co-designed products. Unlike passenger EVs from China, which face hefty tariffs in the European Union, Miraco expects its commercial vehicles to not encounter such trade barriers, giving them a competitive edge. Ning added: 'With Flynt's ability to serve the European market, our tie-up could make our vans more competitive in the market. We want to serve as the vanguard for GAC as the group revs up its internationalisation pace.' The group aims to expand its global reach to over 100 countries and regions, leveraging its existing factories in Malaysia, Thailand, and Indonesia. GAC Group, with partnerships including Toyota and Honda, has set an export target of 500,000 vehicles by 2027, almost quadruple the volume in 2024, stated its general manager Feng Xingya. "Miraco Motor plans to launch electric vans in Europe" 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.
South China Morning Post
13-06-2025
- Automotive
- South China Morning Post
Chinese carmaker GAC's electric-van unit takes aim at Ford and Stellantis in Europe
A commercial-vehicle subsidiary of China's state-owned carmaker GAC Group has its sights set on Europe, where it hopes its electric vans can lure corporate buyers away from petroleum-powered models built by the likes of Ford and Stellantis. Advertisement Xiao Ning, CEO of Miraco Motor, told the Post that the company would launch its first model in Europe next year. It aims to grab 10 per cent of the European market, where more than 1.7 million vehicles of this type are sold each year for public transport, goods delivery, emergency services and commuting. 'Electric commercial vehicles have an overwhelming advantage over petrol rivals because of electricity's lower cost than gasoline,' he said. 'Our van will compete against six to seven rivals there, and we think it's reasonable to target a 10 per cent share.' Established in late 2023 and based, like GAC, in Guangzhou in southern China's Guangdong province, the company is displaying its prototype models in Hong Kong at the International Automotive & Supply Chain Expo, which ends on Sunday. Miraco's battery-powered vans can go as far as 350km on a single charge. Xiao said the company also planned to offer autonomous-driving systems so that its vans could vie for a share of the robotaxi industry around the world. Advertisement The company uses a modular design approach that separates the drivetrain components from the cabin and cargo areas, to make it easier to spin out new models. Its first production model, a minibus, would hit the Hong Kong market this year, he said.
