The Swiss technology group ABB will have a new CEO from 1 August 2024. Morten Wierod, who has been with ABB since 1998 and is currently Head of the Electrification division, will take over the CEO position from Björn Rosengren. Read more…
Author: electrive.com
Vinfast delivers fewer EVs than planned in 2023
VinFast has presented its business figures for 2023. The Vietnamese manufacturer delivered 34,855 electric vehicles last year and posted a gross loss of just over half a billion US dollars. Vinfast aims to sell 100,000 cars in 2024. Read more…
Volvo to reduce its stake in Polestar from 48 to 18 per cent
Volvo Cars intends to reduce its stake in Polestar to 18 per cent. To this end, the Swedes want to sell shares worth 9.5 billion crowns (approx. 850 million euros) to their shareholders. The transaction could be finalised this spring. Read more…
Audi confirms production of the next Q8 e-tron in Mexico
Three weeks ago, it was just a rumour. Now, there is certainty. Audi wants to withdraw production of the next Q8 e-tron from Europe and relocate it to Mexico. The Brussels plant, where the current generation is built, will not be closed – they will “think about something,” Audi says. Read more…
North America: Ford lowers prices and offers cash incentives
Ford has dropped the price of the 2023 Mustang Mach-E in the US and Canada. And to make the F-150 Lightning electric pickup more attractive to customers, the carmaker is adding new cash incentives. Read more…
ev.energy secures multi-million-dollar grant in California
Charging software provider ev.energy announced that it has secured a 41 million dollar grant from the California Energy Commission. The goal is to create a “dynamic EV virtual power plant (VPP).” Read more…
Battery factories: Europe’s mechanical engineering companies are lagging behind
Around 200 battery factories are under construction or planned worldwide, most of them in Europe. That is the result of a new study by Porsche Consulting and the Germany Engineering Federation (VDMA). The study centres on how German and European machine and plant manufacturers can catch up to their Asian competitors. Read more…
EU project Nextbat to improve batteries via recycling technology
The EU research project NEXTBAT, which was launched in June 2023, aims to improve the performance of batteries for electric vehicles and reduce production costs by making the components highly recyclable. Read more…
Vattenfall to invest €100 million per year in Germany
Vattenfall says it will spend half a billion euros on expanding charging infrastructure in Germany by 2028. The Swedish energy company focuses on the private, commercial, and semi-public markets. Read more…
Berlin research into the stability of sodium-ion batteries
Scientists in Berlin have investigated the extent to which sodium-ion batteries can be made more stable by doping their cathode material with foreign elements. Scandium and magnesium were used. Read more…
Circontrol presents Raption Compact 80 charging station
The Barcelona-based charging station manufacturer Circontrol has introduced a new entry in its Raption series with the new Raption Compact 80. The charger is capable of 40 to 80 kW capacity. Read more…
Lucid reports turnover losses in 2023
Lucid Motors has published its business figures for 2023. It is hardly surprising that the bottom line is a loss in the billions. Surprisingly, however, the manufacturer cannot benefit from the rise in unit sales: Turnover was even lower than in 2022. Read more…
Rivian records billions in losses in 2023
The American EV start-up Rivian has presented its business figures for the fourth quarter and full year 2023 – with a deep red balance sheet. Although the company was able to increase production and sales, the bottom line is a net loss of 5.4 billion US dollars – and Rivian does not expect production to increase in 2024. Read more…
JAC Yiwei starts first exports electric cars with sodium-ion batteries
Electric cars with sodium-ion batteries are being shipped from China for the first time. Specifically, 5,000 units of the E10X small electric car from JAC Yiwei are being transported to Central and South America. Read more…
Mercedes drastically electric target for 2030
Mercedes-Benz is lagging far behind its target for EV sales and has now axed its electric target for 2030. Instead of the envisaged 20 per cent or more, battery-electric cars only accounted for 12 per cent of total sales last year. Read more…
Is VW planning an electric Scirocco for 2028?
VW is reportedly considering a comeback of the Scirocco as an electric car. According to a British media report, VW is working internally on a corresponding model – as part of a larger project with several Group brands, including Audi and Porsche. Read more…
Stellantis to build electric vans in Luton in future
Stellantis has announced that it will start producing medium-sized electric vans at its plant in Luton, UK, in the first half of 2025. However, the British market will primarily be served from there. Read more…
Ashok Leyland builds electric bus plant in India
Indian commercial vehicle manufacturer Ashok Leyland has begun building a new plant, primarily dedicated to the production of electric buses. The initial capacity is expected to be 2,500 buses per year. Read more…
UK extends electric taxi subsidy until spring 2025
The British government is continuing its subsidy for electrified taxis until April 2025, but is reducing the amount of the subsidy from £7,500 to £6,000 per vehicle – equivalent to a reduction in the subsidy amount from around €8,760 to €7,000. Read more…
Ontario to facilitate EV infrastructure installations
Ontario is cutting the red tape for EV charging installation. According to the Canadian province’s website, “all local utilities will follow a streamlined process for EV charging connections” from late My, essentially making it easier to build public chargers. Read more…
