ID. range, the GTI revival, PPE platform and Group strategy — Wolfsburg’s EV pivot in full.
In a stunning reversal of fortune, Germany’s automotive powerhouses are finding themselves outpaced and outmaneuvered in the world’s largest car market. A recent Bloomberg report paints a sobering picture of how Volkswagen, BMW, and Mercedes-Benz are desperately scrambling to catch up with local Chinese brands in the electric vehicle race. The EV Revolution Leaves German…
Volkswagen’s banking on affordable electric vehicles to revive its flagging sales in Europe and China, echoing a strategy from the 1970s oil crisis. According to Fortune, the German automaker plans to roll out eight new budget-friendly EVs by 2027. From Elektro Bus to ID.2all: VW’s Electric Evolution Back in the early ’70s, VW experimented with…
Volkswagen Group reported a complex picture for its electric vehicle (EV) sales in the third quarter of 2024, according to a recent press release. While overall deliveries declined, there were bright spots in certain markets and segments. Global EV Deliveries Down, But Order Intake Surges The automaker delivered 506,500 battery electric vehicles (BEVs) worldwide in…
Tesla has finally pulled back the curtain on its long-awaited robotaxi, dubbed the Cybercab, at the company’s “We, Robot” event on October 10, 2024. This futuristic vehicle promises to revolutionize urban transportation with its fully autonomous capabilities and striking design. A Cybertruck-Inspired Design The Cybercab’s appearance is unmistakably Tesla, drawing heavy inspiration from the angular
China’s commerce ministry announced provisional anti-dumping measures on brandy imports from the European Union, effective October 11. This decision, reported by Reuters, marks a reversal from their earlier stance and adds another layer to the ongoing trade tensions between China and the EU. Unexpected U-Turn in Trade Relations The Chinese commerce ministry’s statement requires importers…
Rivian, the electric vehicle manufacturer, has announced a significant reduction in its production forecast for this year due to a parts shortage. This news comes from The Verge, highlighting the ongoing challenges faced by the EV industry. Production Cuts and Missed Expectations Rivian’s revised production estimate now stands at 47,000-49,000 vehicles for the year, a…
The European Union has taken a stand against Chinese electric vehicle imports, voting to impose tariffs of up to 35% on battery cars from China. This move comes as the EU tries to protect its auto industry from what it sees as unfair competition. A Narrow Victory for Tariffs Despite opposition from major players like…
The UK’s auto industry is sounding the alarm over sluggish electric vehicle (EV) sales, warning that missing government-set targets could lead to hefty fines for manufacturers and pricier cars for consumers. This news comes from a Financial Times report detailing the industry’s plea for tax incentives to boost the EV market. Industry Warns of Missed…
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