Running out of battery power seems like an obvious reason, but that’s not what left owners stranded. Read more…
KLM and ZeroAvia want to fly with hydrogen by 2026
ZeroAvia, a manufacturer specialising in electric aircraft engines, and KLM Royal Dutch Airlines are planning the first demonstration flight with liquid hydrogen for 2026 – not just as a round trip around an airport, but between two different airport locations. Read more…
Chevrolet Equinox EV Is Now Cheaper To Lease Than The Gas Version
It’s also cheaper to lease than the bigger Blazer EV, which makes it an even better deal. However, there is an asterisk. Read more…
Low-priced NEVs to benefit most from higher trade-in subsidies in China, says Deutsche Bank
BYD and Leapmotor will benefit the most, followed by Xpeng, Geely Auto, Changan, Great Wall Motor and GAC due to their relatively large exposure to low-priced vehicles, said Deutsche Bank. Read more…
Ford’s electric dreams meet harsh reality as Q2 earnings reveal huge EV losses
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…
