Industry

Canada to Hit China With Tariffs on Electric Vehicles and Steel

Canada plans to slap new tariffs on Chinese-made electric vehicles, aluminum, and steel. The move aims to protect Canadian manufacturers and align with western allies.

Evgenii Ushakov

Aug. 26, 2024, 5:17 p.m.
Volvo receives order for 300 electric trucks from DSV

DSV, a global logistics firm, has placed a massive order for 300 electric semi trucks from Volvo Trucks. This move will give DSV one of the largest electric trucking fleets in Europe.

Evgenii Ushakov

Aug. 26, 2024, 9:47 a.m.
Xiaomi says it lost $9,200 for each $30,000 Speed Ultra 7 it delivered

Xiaomi's electric vehicle division lost $252 million from April to June, or $9,200 per car delivered. The Chinese tech giant reported these figures despite strong sales of its first electric vehicle, the SU7.

Evgenii Ushakov

Aug. 23, 2024, 4:25 p.m.
BMW has overtaken Tesla in the European electric car market for the first time

BMW has taken the lead over Tesla in Europe's electric car market. The German automaker delivered 14,869 new EVs last month, beating Tesla by 308 vehicles. It's the first time BMW has sold more electric cars than Tesla in Europe.

Evgenii Ushakov

Aug. 23, 2024, 9:24 a.m.
Morrow Opens Europe's First LFP Gigafactory in Norway

Morrow Batteries has opened Europe's first gigawatt-scale factory for LFP batteries in Arendal, Norway. The Norwegian start-up has started test production at the facility, marking a significant milestone in the European battery industry.

Evgenii Ushakov

Aug. 22, 2024, 4:18 p.m.
Ford changes EV plans, cancels seven-seat electric SUV

Ford has canceled its plans to launch a three-row, seven-seat electric SUV next year. The company warns this decision could cost them $1.9 billion.

Evgenii Ushakov

Aug. 22, 2024, 9:57 a.m.
EU Slashes Tariffs on China-Built Tesla, BMW, VW EVs and Chinese-Branded Models

The European Union has changed its tariffs on electric vehicles built in China. This move aims to tackle unfair economic advantages and state aid concerns. The revised rates will boost profits for some car makers, with Tesla seeing a significant benefit.

Evgenii Ushakov

Aug. 21, 2024, 1:33 p.m.
TSMC begins construction of chip factory in Dresden. Will produce chips for the automotive and industrial sectors

TSMC and partners kick off construction of a new chip factory in Dresden. The European Commission gave the green light for public funding, paving the way for billions in investment.

Evgenii Ushakov

Aug. 21, 2024, 10:26 a.m.
Mercedes S-Class production reduced to one shift because of low demand

Mercedes-Benz is cutting S-Class production due to poor sales. The luxury car maker's iconic model has seen a big drop in demand, forcing changes at its main factory.

Evgenii Ushakov

Aug. 21, 2024, 10:05 a.m.
Toyota could convert its entire North American lineup to hybrids

Toyota Motor might make all its cars in North America hybrids. According to Reuters, the company is looking at changing both Toyota and Lexus models to hybrid engines in the coming years.

Evgenii Ushakov

Aug. 16, 2024, 10:55 a.m.
Citroen leaves Australia after a century on the market

Citroen will cease taking new orders in Australia by November 1, 2024, due to consistently low sales, marking the end of the country's longest-running automotive brand, active since 1923.

Evgenii Ushakov

Aug. 15, 2024, 4:53 p.m.
Global EV and PHEV sales up 21% in July, but down in Europe

In July 2024, global sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) rose by 21%, reaching a total of 1.4 million units sold despite previous months’ slower growth rates. However, Europe displayed a contrasting trend with a significant decline, especially marked by Germany's downturn.

Evgenii Ushakov

Aug. 15, 2024, 11:22 a.m.
Automakers reveal electric car battery suppliers in South Korea after Mercedes-Benz explodes in parking lot

Audi and Volkswagen have assured customers that all electric vehicles (EVs) they sell in Korea are powered by batteries sourced from local manufacturers. This confirmation comes amid growing concerns regarding the safety of electric vehicle batteries following a devastating explosion involving a Mercedes EV in Incheon last week.

Evgenii Ushakov

Aug. 14, 2024, 4:53 p.m.
Goodyear invests in electric vehicle tyre production in Canada

Goodyear Tire & Rubber Co. is expanding and modernizing its tire factory in Napanee, Ontario, to produce tires for electric vehicles (EVs) and the all-terrain market.

Evgenii Ushakov

Aug. 14, 2024, 2:11 p.m.
UAW Files Federal Charges Against Musk And Trump For Threatening Workers

The United Auto Workers Union has filed federal labor charges against former President Donald Trump and Elon Musk. The union took action on Tuesday, claiming the pair made illegal threats and tried to scare workers who might go on strike.

Evgenii Ushakov

Aug. 14, 2024, 8:41 a.m.
Honda, Nissan to recycle plastics from scrapped cars

Japanese automakers Honda and Nissan are gearing up to make their vehicles greener by creating supply chains for recycled plastic. They're taking this step to meet expected new European regulations and to boost their environmental credentials.

Evgenii Ushakov

Aug. 13, 2024, 2:36 p.m.
Renault Scenic E-Tech gives Tesla drivers a cheeky digital heads-up on its Model Y - beating the range and price of the Model Y

Renault's getting cheeky with Tesla drivers in the UK. The French carmaker's launched a digital billboard campaign that pokes fun at Tesla Model Y owners while showing off its new Scenic E-Tech electric car.

Evgenii Ushakov

Aug. 13, 2024, 2:05 p.m.
Jaguar to show EV concept in December, then stop selling new cars for a year

Jaguar will stick to its plan to go all-electric next year, even though demand for electric vehicles isn't stable. The company will soon stop making all of its current cars and show off a new concept car that will set the tone for its future.

Evgenii Ushakov

Aug. 13, 2024, 9:54 a.m.
Best-selling cars in Europe in 2024 ranked

The first half of 2024 saw a slight uptick in new car sales across Europe. From January to June, 6,847,842 cars were registered, marking a 4.4% increase compared to the same period in 2023.

Evgenii Ushakov

Aug. 12, 2024, 3:18 p.m.
Jaguar Land Rover is the first carmaker to use Pirelli's FSC-certified tires on a large scale across its vehicle portfolio

JLR and Pirelli are teaming up to use natural rubber tyres that are FSC-certified across JLR's luxury vehicle range. The partnership will make JLR the first car company to use these eco-friendly tyres on a large scale.

Evgenii Ushakov

Aug. 12, 2024, 10:07 a.m.

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