Volvo Cars has launched a new business unit called Energy Solutions to develop the potential for bidirectional charging applications such as V2H and V2G. The EX90 electric SUV, which is to be released in 2024, will be “the first Volvo car equipped with all the necessary hardware and (over time) software to enable bidirectional charging… Continue reading Volvo Cars launches new Energy Solutions business to promote V2G applications
Tag: Volvo
Alfa Romeo Milano: electric SUV named ahead of April reveal
Alfa Romeo has named its new small SUV the Milano, as a tribute to the company’s Italian home city, and confirmed it will reveal the car in April next year. The new crossover – which appeared for the first time in leaked images recently – takes Alfa Romeo back into the B-segment for the first… Continue reading Alfa Romeo Milano: electric SUV named ahead of April reveal
GM delays another major EV initiative after pushing back electric Silverado, GMC Sierra
From left to right: 2025 GMC Sierra EV Elevation, 2025 GMC Sierra EV AT4, 2024 GMC Sierra EV Denali Edition 1 (Source: GMC) In its latest setback, GM is delaying the launch of EV drive production at its Toledo Propulsion Systems plant in Ohio. The company will now begin building electric drives at the end… Continue reading GM delays another major EV initiative after pushing back electric Silverado, GMC Sierra
Vietnam tech firm FPT launches auto subsidiary in US, plans $100m investment
Vietnam’s leading tech firm FPT has established an automotive technology subsidiary in Texas, it said on Thursday, with a $100-million plan to expand globally to serve clients such as Hyundai and Honda. The unit, FPT Automotive, is backed by the software arm of Vietnam’s biggest listed tech company by market value, FPT, which offers AI,… Continue reading Vietnam tech firm FPT launches auto subsidiary in US, plans $100m investment
German Manager Magazine: Northvolt: How Europe’s largest battery cell manufacturer is fighting against CATL, BYD, LG and Panasonic002947
Christofer Haux, Northvolt’s German managing director, called for clarity at the end of November. Clarity about state aid for the gigafactory in Heide, Schleswig-Holstein , which the Swedish company has already started building. After the climate fund ruling from Karlsruhe, funding was temporarily shaky. While other corporations continue tremble about the state’s billions, Haux and… Continue reading German Manager Magazine: Northvolt: How Europe’s largest battery cell manufacturer is fighting against CATL, BYD, LG and Panasonic002947
Clean Technica: Australian Electric Vehicle Penetration Holding Around 8% For November003138
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Like many Australian electric vehicle owners and market watchers, I feel it has been a disappointing 2023. After the surge of November 2022 (with the introduction of the Model Y, the Atto 3, and the refurbished MG HS EV),… Continue reading Clean Technica: Australian Electric Vehicle Penetration Holding Around 8% For November003138
Here’s Why Goodyear (GT) Makes for a Solid Investment Choice
The Goodyear Tire & Rubber Company GT is one of the largest tire manufacturing companies in the world. The company is set to gain from the acquisition of Cooper Tire, the Goodyear Forward plan and strategic restructuring in the EMEA segment. The Zacks Consensus Estimate for Goodyear’s 2023 revenues and earnings per share is… Continue reading Here’s Why Goodyear (GT) Makes for a Solid Investment Choice
German Manager Magazine: Northvolt: Europe’s largest battery cell manufacturer against CATL, BYD, LG and Panasonic002946
Christofer Haux, Northvolt’s German managing director, called for clarity at the end of November. Clarity about state aid for the gigafactory in Heide, Schleswig-Holstein , which the Swedish company has already started building. After the climate fund ruling from Karlsruhe, funding was temporarily shaky. While other corporations continue tremble about the state’s billions, Haux and… Continue reading German Manager Magazine: Northvolt: Europe’s largest battery cell manufacturer against CATL, BYD, LG and Panasonic002946
U.A.W. Accuses Honda, Hyundai and Volkswagen of Labor Violations
The United Automobile Workers union accused three foreign automakers on Monday of unfair labor practices, asserting that they had interfered with efforts by employees to build support for the union at U.S. plants. The union said it had filed charges with the National Labor Relations Board contending that the automakers — Honda, Hyundai and Volkswagen… Continue reading U.A.W. Accuses Honda, Hyundai and Volkswagen of Labor Violations
U.S. New-Vehicle Prices Down Year over Year for Third Straight Month; Market Shifts toward Buyers as Incentives Climb, Profit Margins Squeezed
The average transaction price (ATP) for a new vehicle in November 2023 was $48,247, an increase from last month but down 1.5% year over year. After retreating slightly in October, incentives increased further in November, reaching a new high for 2023 and climbing above 5% of ATP for the first time in more than two… Continue reading U.S. New-Vehicle Prices Down Year over Year for Third Straight Month; Market Shifts toward Buyers as Incentives Climb, Profit Margins Squeezed