
Stellantis is recording extensive charges of approximately €22.2 billion, largely related to its electric vehicle business. According to the new strategy outlined by CEO Antonio Filosa, the company aims to become a ‘beacon of freedom of choice’—offering more internal combustion engine and hybrid vehicles. Read more…
Category: Electrive
Stellantis writes off €22.2 billion in electric vehicle business

Stellantis is recording extensive charges of approximately €22.2 billion, largely related to its electric vehicle business. According to the new strategy outlined by CEO Antonio Filosa, the company aims to become a ‘beacon of freedom of choice’—offering more internal combustion engine and hybrid vehicles. Read more…
Toyota appoints Finance Chief Kenta Kon as new CEO

Japanese automaker Toyota appoints a new CEO: Current CFO Kenta Kon will take over the position from Koji Sato, who will assume a role on the board of directors. The personnel changes will take effect on April 1, 2026. Read more…
Polestar Charge now fully integrates Tesla Supercharger network

The Swedish-Chinese electric car manufacturer Polestar is once again improving its charging offering, Polestar Charge, in Europe. New features include full integration of Tesla Superchargers into its own app. Additionally, Plug & Charge is already operational at 28,000 charging stations. Read more…
Ionity opens new charging site in Birmingham

Ionity announced what it calls the opening of its ‘most urban UK site to date,’ located on the A4540 at Aston, Birmingham. The site is located near Birmingham New Street station and will offer 12 Ionity chargers with charging speeds of up to 400 kW. Read more…
Shift in strategy: Canada abolishes EV sales quotas

Canadian Prime Minister Mark Carney announces a new national automotive strategy. As part of this, he eliminates the electric vehicle sales quotas introduced by his predecessor and instead introduces stricter emission standards for manufacturers and purchase incentives for consumers. Read more…
LG Energy Solution acquires Stellantis’ stake in NextStar Energy

LG Energy Solution is taking over NextStar Energy, the battery joint venture with Stellantis. The Korean company is buying out Stellantis’ 49% stake. Both parties established NextStar Energy in 2022 as a joint venture for a battery factory in Canada. Read more…
Nigeria agrees with South Korea on electric vehicle factory

Nigeria has signed a memorandum of understanding with South Korea’s Asia Economic Development Committee to establish an electric vehicle manufacturing plant and nationwide charging infrastructure. The project is intended to support local EV production with a planned annual capacity of 300,000 vehicles. Read more…
BMW launches recycling partnership with Lidl sister company PreZero

The BMW Group is entering into a strategic cooperation with PreZero, the waste management and recycling company of the Schwarz Group (Lidl/Kaufland). The aim is to advance the circular economy in the European automotive industry. Read more…
Nio achieves first operational profit in Q4 2025

Chinese electric vehicle manufacturer Nio has reported its first operational profit on a quarterly basis since its founding in Shanghai in 2014. According to preliminary figures, the profit is expected to amount to approximately €85 to €147 million. Read more…
Nio achieves first operational profit in Q4 2025

Chinese electric vehicle manufacturer Nio has reported its first operational profit on a quarterly basis since its founding in Shanghai in 2014. According to preliminary figures, the profit is expected to amount to approximately €85 to €147 million. Read more…
Tesla opens first African location in Morocco

Tesla is entering the African market with the opening of its first official location in Morocco. The launch in Casablanca marks the start of vehicle sales and services, supported by an existing Supercharger network and a newly established local subsidiary. Read more…
Testing the Mazda6e: more than just a stylish saloon alternative?

With the Mazda6 sedan, the Japanese manufacturer celebrated great success over three generations. The fourth edition is now purely electric and built in China. During an initial test drive, the Mazda6e has shown glimpses of its potential. But can this electric sedan also impress on long distances?
Foxconn inaugurates R&D centre for electric vehicles in China

Foxconn has opened a research and development centre for electric vehicles in Zhengzhou, China. The new centre began operations on Wednesday and aims to reduce the production cycle for new vehicle models to 24 months. Read more…
BYD is working on an India-specific model

Aiming for deeper penetration in the Indian car market, BYD is planning an India-specific model. The company acknowledges it needs to place greater emphasis on the emerging market to drive growth. Read more…
Michigan takes major oil companies to court

The state of Michigan is suing several major oil companies and the industry association ‘American Petroleum Institute’, alleging that they colluded to stop the adoption of EVs and green energy. The lawsuit was announced last Friday, and names BP, Chevron, ExxonMobil, Shell and the institute. Read more…
Phoenix Contact unveils charging inlet for commercial vehicles with integrated control system

Phoenix Contact presents a CCS charging socket equipped with integrated charging control. This component combines functions that were previously separate. The ‘CHARX connect advanced’ is expected to be available in series production starting in the third quarter of 2026. Sample units for OEMs are already available. Read more…
Battery shortage at ACC likely to impact Stellantis production

Battery manufacturers and automakers have since adjusted their once-ambitious production targets. However, the multi-brand group Stellantis is currently struggling to meet its planned electric vehicle production, allegedly due to battery supply bottlenecks from ACC. Read more…
UK EV registrations edge up in January but lose market share

Battery-electric car registrations in the UK rose slightly in January 2026, according to the SMMT, but their market share fell to its lowest level since April 2025. Plug-in hybrids recorded strong growth as the overall new car market expanded year on year. Read more…
Battery analytics startup Twaice secures €24 million

Twaice has secured a €24 million funding commitment from the European Investment Bank (EIB). While Twaice initially grew with its analytics software for EV batteries, the Munich-based company now aims to expand in the battery energy storage systems (BESS) sector. Read more…

