News, deep dives, and analysis — every Europe story, newest first.
Mini has indefinitely postponed its plans to bring new electric vehicles to the North American market, dealing a setback to the brand’s electrification strategy in one of the world’s largest EV markets. The decision affects both the electric Cooper and Aceman models, which were unveiled last year as key pillars of Mini’s electric future, reports…
In a concerning development for the electric vehicle industry, new analysis suggests that the elimination of federal tax credits under a second Trump presidency could significantly impact EV adoption rates in the United States. According to research by economists from UC Berkeley and Duke University, the removal of the $7,500 federal incentive could result in…
Swedish EV battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the US, with only enough cash to keep operations running for about a week, according to Reuters. Financial Struggles Hit Hard The company, which produces battery cells for electric vehicles, is facing a severe liquidity crisis with just $30 million in cash…
Premium EV maker Nio reported disappointing third-quarter results as intense price competition in China’s electric vehicle market continues to squeeze margins and impact sales targets, reports Bloomberg. Revenue Growth Overshadowed by Losses The Chinese automaker posted revenue of 18.7 billion yuan ($2.6 billion) in Q3 2023 after delivering 61,855 vehicles, falling short of analyst expectations.…
The European Union is ramping up its defensive stance against Chinese electric vehicle imports through a combination of increased tariffs and new intellectual property sharing requirements, according to reporting from the Financial Times. New Rules for Chinese EV Companies Brussels is introducing tough new criteria that will require Chinese companies to establish factories in Europe…
Tesla’s upcoming V4 Supercharger stations are about to take EV charging to new heights, with support for up to 500kW charging for passenger EVs and a massive 1.2MW capability for Tesla Semi trucks, according to recent permit filings, reports The Verge. Major Power Boost Coming The next evolution of Tesla’s charging network isn’t just about…
China just hit a massive milestone in its EV revolution, with its 10 millionth electric vehicle rolling off production lines – beating 2023’s output seven weeks early according to a report from OilPrice.com. Record-Breaking Growth Despite Economic Challenges Chinese EV makers are crushing it this year. They’ve delivered 9.75 million units to mainland buyers between…
Volkswagen and Rivian have announced a groundbreaking $5.8 billion joint venture focused on developing advanced electric vehicle technology and software platforms, according to a report from Deutsche Welle. Strategic Partnership Aims for 2027 Launch The collaboration, unveiled in Palo Alto, California, will leverage Rivian’s expertise in software and EV technology across VW’s brand portfolio. VW…
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