Porsche SE, the investment vehicle controlled by the Porsche-Piëch family, is eyeing new opportunities in the automotive sector, particularly in electric vehicle (EV) technology, as market valuations decline. This news comes from a recent Financial Times report. Seeking EV Opportunities…
Volkswagen Group is revising its electric vehicle roadmap, pushing back the launch of its highly anticipated Trinity EV while potentially fast-tracking an all-electric Golf, according to a report from Handelsblatt newspaper. Trinity’s Delayed Arrival The Trinity, initially positioned as VW’s…
Germany’s electric vehicle (EV) market is facing a significant downturn, with July registrations showing no signs of recovery following the abrupt end of government subsidies late last year. According to a report from Bloomberg, the slump in EV sales is…
Reuters reports that the European Union is set to impose tariffs of up to 37.6% on electric vehicles (EVs) imported from China, marking the EU’s largest trade case to date. This move, aimed at leveling the playing field for European…
According to Bloomberg, Volkswagen has made a bold move in the electric vehicle (EV) market, agreeing to invest up to $5 billion in American EV startup Rivian. This partnership aims to accelerate the development of cutting-edge electric vehicle technology and…
Chinese Car Companies Demand 25% Tax on European Vehicles Chinese car companies have called on their government to impose import taxes of up to 25% on European Union (EU) rivals if the bloc follows through with its threat to impose…
China has strongly criticized the European Union’s decision to impose tariffs of up to 38.1% on Chinese electric vehicles, calling it protectionist behavior and urging the EU to correct its “wrong practices,” reports Reuters. The reaction from China and other…
Germany’s Stance on EV Tariffs German Chancellor Olaf Scholz has voiced his opposition to restricting automotive trade, as the European Union moves closer to imposing tariffs on electric vehicles (EVs) imported from China. Scholz emphasized that Germany’s auto industry, which…
DJI Automotive Brings Drone Expertise to Cars DJI, the world’s leading drone manufacturer, is making significant strides in the automotive industry through its subsidiary, DJI Automotive. By leveraging its expertise in drone technology, DJI Automotive is reportedly offering affordable autonomous…
US and EU Throw Up Roadblocks, but Automakers Grow Closer to China The US and Europe are erecting barriers to keep Chinese cars out of their markets, but at the corporate level, automakers are growing ever closer to China. President…
Chancellor Confident in Germany’s Auto Industry Despite Challenges German Chancellor Olaf Scholz has praised Volkswagen AG’s move to develop affordable electric vehicles (EVs) priced from €20,000 ($21,696) as “very good.” Speaking at the East German Economic Forum in Bad Saarow,…
Volkswagen (VW) and Renault have called off discussions about jointly developing an affordable electric version of the Twingo, reports Reuters. This decision is a significant setback for European carmakers striving to compete with cheaper Chinese electric vehicles (EVs).
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