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Tesla set to build budget electric car, cuts prices

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Tesla set to build budget electric car, cuts prices

Tesla will build a new small car range at its Berlin plant, its chief executive, Elon Musk, has said.

He told Berlin staff about the plan for a budget car when he visited the plant last week, according to a Reuters report.
The long speculated lower-priced Tesla model, dubbed ‘Model 2’ and priced at around €25,000, is seen as a key part of the plan to get to much higher volume globally.
Tesla has also cut its prices and sparked a price war as it seeks to step up volume ahead of a sales push by many automakers – including the Chinese – to gain BEV sales.

This is coming as the whole industry transitions to plug-ins and BEVs, away from cars powered solely by internal combustion engines.
But some analysts have warned that relatively high BEV purchase prices currently are constraining demand just as the world’s economy hits headwinds and the rebound from supply shortages loses momentum.
Other OEMs are also said to be planning lower-priced BEVs.
For instance, a small electric VW (priced at €25,000 or below) dubbed ID.2 is due in 2025. It has already been previewed by the ID.2all concept.
Stellantis brand Citroen is also planning a budget electric car (e-C3) for launch in 2025 which would have a small battery variant priced under €20k.
It would follow a variant with a larger battery launched in Q2 2024 priced at around €23k.
GlobalData forecasts that Tesla will start making a small C-Segment hatchback car in 2024, with production slated for its plants in Germany, China and Mexico.

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Jetour Takes Award-Winning Dashing, Other SUVs to Abuja

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Jetour Takes Award-Winning Dashing, Other SUVs to Abuja

Motorists in Abuja are set for a close encounter with Jetour’s award-winning Dashing and other models as Jetour Nigeria moves to deepen its foothold in the nation’s capital with the Jetour Experience Abuja, beginning September 22.

The three-day motoring event, which runs until September 24, is expected to draw prospective buyers and automobile enthusiasts to a hands-on experience featuring test drives, product demonstrations and direct engagement with Jetour’s seven authorised dealers and product specialists.

The participating dealer network comprises Elizade Nigeria Limited, Kojo Motors, Mandilas Autos, Germaine Auto Centre, R.T. Briscoe, Tab Autos and New Era Auto Vehicle Services Limited.

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The Abuja Experience follows the success of the Lagos edition, which attracted thousands of visitors for test drives and direct engagement with product specialists. According to the organisers, strong demand and inquiries from motorists in Abuja and neighbouring states prompted the expansion of the event to the Federal Capital Territory.

The Dashing has gained attention in Nigeria’s competitive compact SUV segment for its combination of modern styling, technology, performance and competitive pricing.

The SUV is available with 1.5-litre and 1.6-litre turbocharged engines, producing up to 145kW of power and 290Nm of torque, paired with six- or seven-speed dual-clutch transmissions.

Its features include a 15.6-inch central touchscreen infotainment system, panoramic sunroof, wireless charging and smartphone integration.

For safety, the vehicle comes with a 360-degree surround-view camera, automatic emergency braking, lane departure warning, blind-spot detection and multiple airbags.

Beyond vehicle sales, the authorised dealers provide warranty, genuine spare parts and after-sales support to Jetour customers across their respective locations.

The Abuja Experience is expected to strengthen customer engagement and give motorists in the FCT a closer look at Jetour’s growing range of vehicles, while further expanding the brand’s footprint in the northern market.

 

Jetour Takes Award-Winning Dashing, Other SUVs to Abuja

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Jetour T2 PHEV Storms Abuja as Jetour Steps Up Nigeria Expansion

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Jetour T2 PHEV Storms Abuja as Jetour Steps Up Nigeria Expansion

Abuja is set for a major dose of electrified motoring as Jetour Nigeria takes its technologically advanced T2 Plug-in Hybrid Electric Vehicle (PHEV) to the nation’s capital for an experiential showcase aimed at deepening the brand’s growing footprint in Nigeria.

The Jetour T2 PHEV will headline the Jetour Experience Abuja, scheduled for September 22 to 24, 2026, following the strong reception recorded at the brand’s Lagos edition earlier this year, where customer participation, test drives and sales enquiries reportedly surged.

The move to Abuja, according to Jetour Nigeria, was largely driven by growing demand from motorists in the Federal Capital Territory who have been seeking an opportunity to experience the brand’s latest vehicles, particularly the T2 PHEV.

The Abuja activation will feature test drives, product demonstrations and interactions with Jetour’s technical and sales teams, giving prospective buyers first-hand access to the SUV and its plug-in hybrid technology.

Jetour Nigeria, the sole authorised distributor of the brand in the country, is also leveraging an expanding nationwide dealer network comprising Elizade Nigeria Limited, New Era AutoVehicle Services Limited, Kojo Motors, Germaine Auto Centre, TAB Autos Limited, R.T. Briscoe Motors and Mandilas Autos to strengthen sales and after-sales support across key markets.

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The company said the decision to stage the Abuja experience was also driven by requests from patrons and prospective customers in the capital who want an opportunity to experience Jetour’s latest products, including the technologically advanced T2 PHEV.

The Jetour T2 PHEV combines rugged SUV capability with hybrid efficiency, advanced technology and comprehensive safety features, positioning it as an attractive option for Nigerian motorists seeking performance, comfort and improved fuel economy.

Since its entry into the Nigerian market, Jetour has recorded growing acceptance, with its SUV range gaining popularity among families, professionals and adventure enthusiasts.

The brand’s expanding customer base has been supported by competitive pricing, after-sales service and vehicles engineered to cope with diverse road and driving conditions across Nigeria.

Jetour’s growing reputation has also been reinforced by a number of local and international recognitions spanning product quality, design, innovation and customer satisfaction.

Its vehicles have also earned strong global safety ratings, with the T2 achieving a 5-Star NCAP safety rating, placing it among vehicles meeting high benchmarks for occupant safety.

The Abuja event is expected to feature test drives, product demonstrations and direct interactions with Jetour’s technical and sales teams, giving visitors an opportunity to experience the brand’s products and understand the technology behind the T2 PHEV.

Beyond showcasing its expanding SUV lineup, Jetour said the Abuja activation reflects its commitment to bringing the brand’s ownership and customer experience closer to motorists across Nigeria.

With the Federal Capital Territory as its next destination, Jetour is looking to build on the momentum generated in Lagos while deepening its footprint in one of Nigeria’s most important automotive markets.

 

Jetour T2 PHEV Storms Abuja as Jetour Steps Up Nigeria Expansion

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Honda shakes up Nigeria operations, dissolves HAWA, retains HMN 

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Honda shakes up Nigeria operations, dissolves HAWA, retains HMN 

Japanese automobile giant, Honda, has overhauled its operations in Nigeria, dissolving its automobile arm, Honda Automobile Western Africa Limited, and folding its business into Honda Manufacturing Nigeria Limited.

The restructuring, which took effect on September 1, 2026, followed the sanctioning of the merger by the Federal High Court, with HMN emerging as the surviving entity.

Under the new arrangement, HAWA, which had been responsible for Honda’s automobile business operations in the country, has ceased to exist as a separate corporate entity, while HMN has taken over its assets, liabilities, contracts, rights, obligations and ongoing business operations.

Honda, however, moved quickly to allay concerns over the development, assuring customers, dealers and business partners that the restructuring would not disrupt its automobile operations or affect the level of service and support they receive.

In a notification to its business partners dated August 31, 2026, Honda said the restructuring had resulted in the consolidation of both companies into “one unified entity”, with HMN assuming all assets, liabilities, rights, obligations, contracts, undertakings and business operations previously held or conducted by HAWA.

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The development means that existing relationships, arrangements and commitments involving HAWA will henceforth be managed and administered by HMN.

The company, however, stressed that the restructuring would not disrupt its automobile business operations in Nigeria.

“Automobile business operations previously conducted by HAWA will continue under HMN without interruption,” Honda assured its partners, adding that it remained committed to maintaining the same level of service, support and cooperation that customers and business partners had come to expect.

The restructuring is also expected to streamline Honda’s corporate structure in Nigeria by bringing its manufacturing and automobile business operations under a single surviving entity.

Honda said it was currently updating relevant corporate records and information as part of the integration process. These include corporate details, registered address, authorised signatories, management information and other related documentation.

It added that any changes requiring the attention of its business partners would be communicated in due course.

The company further requested the continued support and cooperation of its partners during the transition, while providing a copy of the Federal High Court order sanctioning the merger as an appendix to its notification.

 

Honda shakes up Nigeria operations, dissolves HAWA, retains HMN

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