Industry

Four companies still interested in saving Fisker

Fisker Inc., the electric vehicle manufacturer, is currently facing significant financial challenges but retains interest from four automotive companies in potential partnerships or acquisitions.

Evgenii Ushakov

April 29, 2024, 6:04 p.m.
Study proves viability of electric urban construction equipment compared to diesel counterparts

Electric construction machines are on a par with diesel machines in terms of performance - with the added advantage that they emit no exhaust fumes, generate less noise and offer a better working environment. This is the conclusion reached by Volvo Construction Equipment and partners following tests under real-life conditions on construction sites in Gothenburg, Sweden.

Evgenii Ushakov

April 29, 2024, 5:31 p.m.
Audi charging hub Tokyo: The Four Rings' first charging hub outside Europe opens

In Tokyo, the capital of Japan, drivers of electric cars of all brands can now charge at four fast-charging points, each with up to 150 kilowatts (kW) – an excellent figure for charging power in Japan. The seventh Audi charging hub overall only uses electricity from renewable sources.

Evgenii Ushakov

April 29, 2024, 12:05 p.m.
Bugatti Veyron designer Jozef Kaban named MG Motor's VP of Global Design Centre

Jozef Kaban, renowned for designing the Bugatti Veyron, has been appointed as the Vice President of the Global Design Centre at MG Motor. In his new role, Kaban will be responsible for ‘forward-looking creativity and design’ of the MG product range.

Evgenii Ushakov

April 29, 2024, 11:05 a.m.
Honda will spend $11 billion to build electric vehicles and battery packs in Canada

Honda has announced an ambitious plan to invest $11 billion in Canada to construct electric vehicles (EVs) and battery packs near its existing manufacturing campus in Alliston, Ontario. This marks the largest single automotive investment in Canada's history.

Evgenii Ushakov

April 29, 2024, 10:35 a.m.
Toyota will build an all-new three-row battery electric SUV in the U.S.

Toyota Motor will prepare to assemble an all-new three-row battery electric SUV in the U.S. as part of a new $1.4 billion investment in its Princeton plant. This also brings the addition of up to 340 new jobs.

Evgenii Ushakov

April 26, 2024, 11:57 a.m.
BYD has plans for another European factory

One factory in Europe is not enough. Chinese manufacturer BYD wants to increase production.

Evgenii Ushakov

April 25, 2024, 1:19 p.m.
?koda Auto launches sustainable ‘Curiosity Fuel’ coffee in its Czech plants

The coffee, which is grown, roasted and packaged specially for the car manufacturer, preserves the local environment and supports fair and secure wages for local workers by adhering to Rainforest Alliance principles.

Evgenii Ushakov

April 22, 2024, 3:13 p.m.
VW partners with Xpeng to build low-cost EV platform

Volkswagen AG has announced a strategic partnership with Chinese electric vehicle maker Xpeng to develop a new, lower-cost EV platform by 2026.

Evgenii Ushakov

April 18, 2024, 3:02 p.m.
Nissan shows in-construction all-solid-state battery pilot line in Japan

Nissan today showed its in-construction all-solid-state battery pilot line to members of the media at its Yokohama Plant in Kanagawa Prefecture. The pilot line is aimed to further promote development and innovative manufacturing technologies for the batteries.

Evgenii Ushakov

April 17, 2024, 4:29 p.m.
The UK was Europe’s largest electric car market during the Q1

The United Kingdom has become Europe’s largest new battery-electric passenger car market for the first time on a quarterly basis.

Evgenii Ushakov

April 17, 2024, 12:09 p.m.
Tesla will cut more than 10% of its workforce. Elon Musk: "There is nothing I hate more, but it must be done"

Tesla announced a significant reduction in its workforce. The cut will affect over 10% of Tesla's global employees.

Evgenii Ushakov

April 16, 2024, 11:03 a.m.
Maserati to sell only EVs by 2028

Maserati has announced all its vehicles will be electric by 2028. This revelation came during the "Folgore Days" event in Italy on a Monday morning, marking a substantial shift in the company's direction towards sustainable automotive solutions.

Evgenii Ushakov

April 15, 2024, 5:41 p.m.
Tatra has introduced its own brand of oils and lubricants

Tatra Trucks in cooperation with TotalEnergies has developed and prepared engine, transmission and hydraulic oils especially for Tatra vehicles of all model series.

Evgenii Ushakov

April 15, 2024, 10:21 a.m.
China's Chery to move into former Nissan plant in Barcelona

The Chinese car manufacturer Chery is set to establish its first production facility in Europe by taking over the former Nissan plant in Barcelona, Spain.

Evgenii Ushakov

April 10, 2024, 2:47 p.m.
BMW and Rimac enter into long-term partnership in the field of battery technology for electric vehicles

BMW Group has announced a partnership with Rimac Technology. They will develop and produce high-voltage battery technologies. These will power future BMW Group models starting in the second half of this decade.

Evgenii Ushakov

April 10, 2024, 10:32 a.m.
How much profit does BYD make per car? Now we have an answer

Chinese car manufacturer BYD prioritizes market share over profit margins, reporting an average net profit of US $1,250 per car. In contrast, Tesla's average net profit per vehicle is US $8,250.

Evgenii Ushakov

April 9, 2024, 2:27 p.m.
EVs are expected to surpass petrol cars in Norway in 2024

In Norway, electric vehicles (EVs) are on the verge of outnumbering petrol cars by the end of 2024 or early 2025, according to a report by Reuters. 

Evgenii Ushakov

April 8, 2024, 4:06 p.m.
Apple laid off 614 workers after canceling its electric car project

Apple has confirmed the termination of 614 employees following the discontinuation of its electric car initiative known as Project Titan.

Evgenii Ushakov

April 8, 2024, 9:07 a.m.
Tesla could build right-hand drive models for India in Germany

Tesla is reportedly starting production of right-hand drive Model Y vehicles for the Indian market at its plant in Grünheide, Germany. Sources including the Hindustan Times and Financial Times suggest that Tesla is also developing a charging ecosystem in India and scouting for locations to set up an electric car plant.

Evgenii Ushakov

April 5, 2024, 3:08 p.m.

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