The American automotive giant Ford has unveiled its Q2 2024 financial results, painting quite a contrasting picture of ambition and challenges. While Ford’s overall revenue surpassed expectations, reaching €44.55 billion, driven in part by a 6% increase in auto revenue, the company’s earnings per share fell short of projections, coming in at €0.44 compared to the anticipated €0.60. This sizable… Read more…
TaiSan raises over £1 million to develop sodium batteries
UK-based battery materials startup TaiSan announces the raise of £1.3 million in its pre-seed funding round. The investment is intended to enable TaiSan to progress its quasi-solid state sodium technology for BEVs, targeting best-in-class energy density. Read more…
Nio Onvo L60 to be launched in late Sept, says Onvo president
The Onvo L60 will be available for customers to test drive on the day of its launch, and deliveries will begin about a week after it goes on sale, at the end of September, Onvo’s president said. Read more…
Alphabet to invest $5 billion in Waymo
Google parent company Alphabet plans to invest five billion dollars in Waymo, its unit for autonomous vehicles, over the next few years. Meanwhile, the first minivans from Waymo’s cooperation with Chinese manufacturer Zeekr are now on the road in San Francisco. Read more…
Beijing increases NEV quota for the province
Beijing, a province-level municipality and the capital of China, only allows a limited number of new cars on the road each year. It now increased the new passenger car sales quota for 2024 by 20,000 units. All of these have to be New Energy Vehicles (NEVs). Read more…
Scotland announces grant for electric buses
Scotland is to receive 252 new zero-emission buses and coaches with funding from the government. A £41.7 million grant will support eight operators, led by Zenobē, to provide the buses along with a nationwide charging network. Read more…
Li Auto unveils scaled-back car purchase incentives
Li Auto’s move comes as the price war in China’s auto industry eases, after some luxury brands have rolled back steep discounts. Read more…
Hyundai launches Elec City Town electric bus in Japan
Two years after launching the Ioniq 5 as its first electric car in Japan, Hyundai has entered the electric bus segment. The company has introduced the Elec City Town in the country. Read more…
Northvolt appoints new CFO
Swedish battery cell manufacturer Northvolt is replacing its Chief Financial Officer. Pia Aaltonen-Forsell has been appointed to fill the position, while her predecessor, Alexander Hartman, will lead the strategic review as Chief Transformation Officer. The personnel changes come at a challenging time for Northvolt. Read more…
Ford model e deepens losses over Q2
The US car manufacturer Ford has presented its business figures for the second quarter. These are decent and Ford is optimistic for the year – for the company as a whole. For its part, the Model e electric car division is still not doing well. Read more…
Renault to build new electric Twingo in Slovenia
French car manufacturer Renault has signed a letter of intent with the Slovenian government to build the new electric Twingo at Renault subsidiary Revoz in Novo Mesto, Slovenia, from 2026. The government provide subsidies, though the amout is still unkown. Read more…
Electric Renault Twingo will be made in Slovenia
We have some great news for fans of automotive nostalgia. After a bit of back and forth with potential partners, Renault has made a decision: the iconic Renault Twingo is making a comeback, and much sooner than expected. With a promised starting price under €20,000, Renault boldly claims it will revolutionize the electric car market by offering an affordable and… Read more…
China doubles subsidies to encourage consumers to replace old cars
Consumers can get a RMB 20,000 subsidy for scrapping an old car and buying an NEV, and a RMB 15,000 subsidy for buying a fuel car of 2.0 L or less, both doubled from previous levels. Read more…
Tesla hold investments in the Mexico plant till after the US election
Tesla CEO Elon Musk told media that he will not invest in the factory in Mexico for the time being. If Republican candidate Donald Trump wins the US election in November, he could impose tariffs on Mexico-made goods. Read more…
Nio may see delay in 2024 swap station buildout target, 3rd swap station plant to open in Sept
William Li said that if Nio’s plan to add 1,000 stations in China in 2024 is delayed, it could be by up to 1-2 months. The company is building a third battery swap station assembly plant in Wuhan. Read more…
Comau unveils end-to-end hairpin stator solutions for e-motor manufacturing
Comau has launched a comprehensive hairpin stator technology portfolio, covering everything in the manufacturing process from hairpin wire forming and insertion to wire widening, twisting, laser welding and quality testing. Read more…
StarPower supplies compact three-phase bridge modules
StarPower has introduced two three-phase IGBT modules for EVs, designed to save space, thanks to their compact design with six IGBTs in one housing.
A common feature of the modules is that they are fitted with trench IGBTs in an arrangement of six per housing with an integrated temperature sensor. Read more…
Huawei-BAIC joint brand Stelato to launch 1st model S9 sedan on Aug 6
The Stelato S9 is expected to be priced from RMB 450,000 ($61,990) to RMB 550,000. Read more…
Xpeng to hold tech event on Jul 30, XNGP to see biggest update ever
Xpeng’s XNGP is about to see its biggest update ever, and the latest Tianji system, XOS 5.2.0, is about to see a new breakthrough, the company said. Read more…
Q2 earnings, Elon bets big on AI, cheap Tesla EVs, and Chevy EV lease deals
On this, extra-dense episode of Quick Charge, we cover Tesla’s Q2 earnings call, Elon Musk talks cheap Tesla cars and cheaper 4680 batteries while promising to finally deliver on that new Roadster from 2017. Read more…
