Tag: Volvo

Chinese automakers open factories abroad as export clout causes friction

BYD has capacity to produce 4 million cars in China annually. Its biggest overseas markets in 2023 included Thailand, Brazil, Israel and Australia. Chinese automakers seeking global growth are building more car factories in overseas markets, as foreign regulators mull imposing measures against imports of China-made electric cars. Chery Auto is holding talks with the… Continue reading Chinese automakers open factories abroad as export clout causes friction

Dealer Auction reveals most profitable used cars for dealers

Land Rover Range Rover Evoque topped the charts of Dealer Auction’s February Retail Margin Monitor, with an average retail margin of £3,925. The Jaguar XF ranked second (£2,800) while the fastest-selling profit turner (37 days on average) Mazda CX-5 (£2,775) ranked third. Kieran TeeBoon, Dealer Auction’s marketplace director, said: “February’s results were a resounding triumph… Continue reading Dealer Auction reveals most profitable used cars for dealers

Mack’s mobile off-grid charging system helps customers evaluate EVs

Mack Trucks, part of the Volvo Group, has built a mobile off-grid charging system that’s integrated into the body of a Mack MD Electric truck. The system’s raison d’être is to help Mack customers test Class 6-8 electric vehicles, and evaluate their feasibility for their fleets. The mobile Mack MD Electric charging unit can be… Continue reading Mack’s mobile off-grid charging system helps customers evaluate EVs

Valmet Automotive raised battery production to a new record in 2023

Valmet Automotive produced a total of 800,000 battery systems in 2023, marking the new production record for the company. In total, the company has already produced more than 2 million battery systems since entering the battery business in 2018, and with the record volume, the EVS business line’s gross sales exceeded EUR 1 billion for… Continue reading Valmet Automotive raised battery production to a new record in 2023

EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans

Although consumer demand for EVs hasn’t shown up in the way executives had expected, sales of the vehicles are still predicted to increase in the years to come. Andrew Merry | Moment | Getty Images DETROIT — The buzz around electric vehicles is wearing off. For years, the automotive industry has been in a state… Continue reading EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans

Westport Announces Signing of Investment Agreement to Establish Previously Announced Joint Venture with Volvo Group

VANCOUVER, BC, March 11, 2024 /PRNewswire/ — Westport Fuel Systems Inc. (TSX: WPRT) (NASDAQ: WPRT) (“Westport” or the “Company”), a leading supplier of advanced alternative fuel delivery systems and components for the global transportation industry, is pleased to announce the signing of an investment agreement to establish the previously announced joint venture with Volvo Group to… Continue reading Westport Announces Signing of Investment Agreement to Establish Previously Announced Joint Venture with Volvo Group

STOREDOT SIGNS STRATEGIC MANUFACTURING AGREEMENT WITH EVE ENERGY, TAKING A HUGE STEP TOWARDS COMMERCIALIZATION AND MASS PRODUCTION OF EXTREME FAST CHARGING BATTERIES

StoreDot extends collaboration with world-leading battery manufacturer EVE Energy StoreDot will secure manufacturing capacity from EVE to produce its XFC batteries Major step forward for mass production as EVE Energy will manufacture StoreDot’s 100in5 XFC cells to support OEMs immediate needs, taking advantage of EVE’s advanced global manufacturing footprint and facilities EVE Energy is an existing… Continue reading STOREDOT SIGNS STRATEGIC MANUFACTURING AGREEMENT WITH EVE ENERGY, TAKING A HUGE STEP TOWARDS COMMERCIALIZATION AND MASS PRODUCTION OF EXTREME FAST CHARGING BATTERIES