Industry

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  Europe's largest battery manufacturer may switch to static storage due to weak electric vehicle demand

  LG Energy Solution’s Poland plant is considering shifting to building static storage units due to disappointing demand for its EV batteries.

  Evgenii Ushakov

  July 26, 2024, 11:46 a.m.
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  Despite issuing a recall for the 1.0-liter EcoBoost engine, Ford is still facing a lawsuit

  Ford continues to face a lawsuit over its 1.0-liter EcoBoost engine despite issuing a recall. The plaintiffs' council is now consulting more Ford owners with the same engine.

  Evgenii Ushakov

  July 25, 2024, 5:27 p.m.
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  New all-electric Renault Twingo to be produced in Slovenia

  While the development of this small, budget-friendly EV involves collaboration with an as-yet-unnamed Chinese partner, its production will be based in Europe.

  Evgenii Ushakov

  July 25, 2024, 2:40 p.m.
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  Ferrari Extends Cryptocurrency Payment System to Europe After US Launch

  Ferrari announced on Wednesday that it is expanding its cryptocurrency payment system to European dealers by the end of this month. The luxury car manufacturer first launched this payment method in the United States last year and plans to extend it to other international dealers by the end of 2024.

  Evgenii Ushakov

  July 25, 2024, 9:35 a.m.
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  Toyota launches heavy-duty hydrogen fuel cell truck test program with Coca-Cola and Air Liquide

  Toyota has initiated testing of a new hydrogen-powered truck in collaboration with Coca-Cola, integrating the vehicle into the beverage company's supply chain operations.

  Evgenii Ushakov

  July 24, 2024, 5:38 p.m.
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  Production of several Porsche models delayed by flooding at aluminum supplier

  Porsche has issued a profit warning due to production delays caused by flooding at an aluminum supplier in central Europe. The disruption is expected to impact the production of several models and lower the company's profit margins and revenues below this year's forecasts.

  Evgenii Ushakov

  July 24, 2024, 12:51 p.m.
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  Chinese brand Zeekr considers producing cars in Europe to avoid high tariffs

  According to a Bloomberg report, Zeekr is considering producing its models in Europe, potentially using existing Volvo Cars AB plants.

  Evgenii Ushakov

  July 24, 2024, 11:24 a.m.
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  Parts supplier Forvia to work with BYD's new factory in Hungary as an extension of their current partnership in Asia

  The world's seventh-largest car parts supplier, Forvia, announced it will extend its partnership with Chinese battery specialist and car maker BYD to Europe. This collaboration will see both companies operating together in BYD's new factory in Hungary, building on their existing partnership in Asia.

  Evgenii Ushakov

  July 23, 2024, 3:38 p.m.
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  Porsche scales back 80% EV goal by 2030

  Porsche is reevaluating its ambitious electric vehicle (EV) targets. Initially aiming for EVs to constitute 80% of its sales by 2030, the company is now less certain about reaching this goal. In a statement to Reuters, Porsche clarified that meeting this target depends on customer demand and the broader development of electromobility.

  Evgenii Ushakov

  July 23, 2024, 11:17 a.m.
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  Dacia Sandero named Europe's best-selling car, beating Tesla Model Y

  In the first half of 2024, the Dacia Sandero has claimed the top spot as Europe’s best-selling car, with Tesla Model Y's sales seeing a significant drop.

  Evgenii Ushakov

  July 23, 2024, 9:06 a.m.
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  VW and Xpeng introduce joint architecture for more electric models in China

  VW and Xpeng extend their technical cooperation agreement for an E/E architecture. From 2026, this will not only be integrated into VW's China-specific CMP electric car platform, but also into all VW brand models based on the global MEB platform for the Chinese market.

  Evgenii Ushakov

  July 22, 2024, 1:24 p.m.
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  These automakers have the best and worst websites, according to car buyers

  J.D. Power’s 2024 U.S. Manufacturer Evaluation Study surveyed car buyers and website users, focusing on four factors: information/content, visual appeal, navigation, and speed.

  Evgenii Ushakov

  July 19, 2024, 5:35 p.m.
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  Mercedes-Benz to install 400kW fast EV chargers at Starbucks locations across the United States

  Mercedes-Benz is set to install DC fast chargers at over 100 Starbucks locations across the United States, starting with a 1,400-mile route along Interstate 5 from Washington to California. These chargers are part of a significant investment by the German automaker.

  Evgenii Ushakov

  July 19, 2024, 12:01 p.m.
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  Ford will build Super Duty trucks in Canada in shift from EV plan

  Ford Motor announced plans to repurpose its Canadian Oakville Assembly plant, originally slated for future electric vehicle (EV) production, to build larger, gasoline-powered F-Series pickup trucks.

  Evgenii Ushakov

  July 18, 2024, 4:43 p.m.
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  Study reveals how people talk about car brands on social media

  Social media provides a platform for sharing memes and discussions, but large companies utilize user behavior for insights into their public perception. YouGov’s recent U.S. Social Listening Report highlighted the top auto brands among social media users, with some expected names making the list.

  Evgenii Ushakov

  July 15, 2024, 4:38 p.m.
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  Italy to offer abandoned Stellantis brands to Chinese automakers

  Italy's government is considering taking over defunct auto brands owned by Stellantis and offering them to Chinese companies to encourage the establishment of factories in Italy, according to a report by Il Sole 24 Ore.

  Evgenii Ushakov

  July 15, 2024, 4:13 p.m.
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  Only 1 in 7 of today's Chinese EV brands will be profitable by 2030, analysts say

  Of the 137 EV brands currently operating in China, only 19 will be profitable by the end of this decade, according to Alixpartners.

  Evgenii Ushakov

  July 15, 2024, 11:53 a.m.
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  Construction begins on world's longest underwater road and rail tunnel

  Construction began on June 17 for the world's longest underwater road and rail tunnel, the "Fehmarnbelt Fixed Link," which will connect Germany and Denmark. Scheduled to open in 2029, this 18-kilometer (11.1-mile) tunnel aims to cut travel time and enhance connectivity between the two countries.

  Evgenii Ushakov

  July 15, 2024, 8:49 a.m.
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  Saudi Aramco invests in combustion engines

  Saudi Aramco is wagering that the internal combustion engine (ICE) will remain relevant for a "very, very long time" as the world's largest oil company identifies a business opportunity amid the rise of electric cars.

  Evgenii Ushakov

  July 9, 2024, 4:25 p.m.
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  Electrify America to start limiting EV charging to 85%. What is the reason?

  Electrify America has introduced a "Congestion Reduction Pilot" program aimed at improving charger availability by limiting EV charging to 85% capacity.

  Evgenii Ushakov

  July 9, 2024, 10:03 a.m.