Every EVXL story tagged “Stellantis” — newest first.
Volvo Cars has significantly cut its annual sales growth forecast and shifted its all-electric timeline as market pressures mount, according to the Financial Times. Growth Forecast Takes a Hit The Swedish automaker now expects just 7-8% retail sales growth this year, less than half of its July projection of 12-15%. Despite posting a strong Q3…
The Paris motor show has become a battleground for the future of Europe’s auto industry, with Chinese electric vehicle (EV) manufacturers making a strong push into the market. This development, reported by The Guardian, highlights growing concerns about the competitiveness of European automakers in the EV era. Chinese EV Invasion Nine Chinese companies unveiled new…
Automakers in the UK are set to provide at least £2 billion ($2.6 billion) in electric vehicle discounts this year, yet they’re still falling short of the government’s sales mandate, according to a Bloomberg report. Record EV Registrations, but Not Enough Despite steep price cuts driving battery-electric vehicle registrations to a record high in September,…
Lucid Motors, the California-based electric vehicle manufacturer, has officially opened a new office in Southfield, Michigan, just 15 miles from Detroit. This strategic move reportedly aims to bolster the company’s production capabilities by tapping into the rich talent pool of the traditional auto industry. Lucid’s Scaling Up Production Lucid’s been facing some hurdles in ramping…
New car sales in the European Union took a nosedive in August, dropping by 18.3% to their lowest levels in three years. The decline was particularly steep for electric vehicles (EVs), with sales plunging by 43.9%. This marks the fourth consecutive month of falling EV sales, as reported by the European Automobile Manufacturers Association (ACEA).…
Mercedes-Benz and U.S. battery startup Factorial are collaborating on a solid-state battery that aims to significantly boost electric vehicle (EV) range by the end of the decade. This new battery, named Solstice, is expected to extend EV range by about 80% compared to today’s average, with an energy density of 450 Watt-hours per kilogram, reports…
European automakers, particularly Volkswagen, are facing a significant crisis in their electric vehicle (EV) production efforts. According to a recent Bloomberg report, German and French carmakers are rapidly losing ground in the race to produce EVs, leading to potential factory closures and a reevaluation of their electric future. VW’s Electric Dreams Turn Sour Volkswagen AG,…
The European Union’s new tariffs on Chinese-made electric vehicles (EVs) have caused a significant slowdown in their influx, according to recent data from Dataforce. The move, aimed at protecting EU automakers from low-cost competition, has resulted in a 45% decrease in new EV registrations from Chinese manufacturers like BYD and SAIC Motor’s MG in July…
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