By Yilei Sun, Tony Munroe 3 Min Read BEIJING (Reuters) – China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles. FILE PHOTO: A building… Continue reading Exclusive: Targeting Tesla, China’s Geely to launch new premium EV brand – sources
Tag: Tesla
Tesla to shut down final assembly plant in Tilburg following Model S/X refresh
Tesla is shutting down its assembly plant in Tilburg, the Netherlands, where the automaker performed the final assembly of its Model S and Model X. The plant may be repurposed. Tesla Tilburg plant With all the focus on Tesla building a Gigafactory near Berlin, some people don’t know that Tesla already has a factory in… Continue reading Tesla to shut down final assembly plant in Tilburg following Model S/X refresh
General Motors was ‘un-Australian’ and treated dealers with disrespect when Holden closed
A Senate committee has called on Australia’s competition watchdog to fast-track its investigation into General Motors’ decision to kill off the iconic Holden brand and its “disappointing” treatment of local car dealers. The committee report, released on Thursday evening, follows a year-long inquiry into the circumstances surrounding the February 2020 decision to end the Holden… Continue reading General Motors was ‘un-Australian’ and treated dealers with disrespect when Holden closed
Renault sees its electric, hybrid car sales doubling in 2021: sources
By Gilles Guillaume 3 Min Read PARIS (Reuters) – France’s Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, two sources close to the company said, as automakers battle to get ahead in cleaner driving. FILE PHOTO: A logo of Renault carmaker is pictured at a dealership… Continue reading Renault sees its electric, hybrid car sales doubling in 2021: sources
Nikola, Lordstown shares drop in latest sign of turbulence for EV sector
By Reuters Staff 2 Min Read FILE PHOTO: U.S. Nikola’s logo is pictured at an event held to present CNH’s new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin, Italy, December 3, 2019. REUTERS/Massimo Pinca (Reuters) – Shares of Nikola Corp, hit by a key investor cutting its stake,… Continue reading Nikola, Lordstown shares drop in latest sign of turbulence for EV sector
EV frenzy over Volkswagen shares draws regulator’s attention
By Danilo Masoni 2 Min Read (Reuters) – An outsized rally in Volkswagen shares has drawn the attention of Germany’s top market watchdog as heavy volume trading spurred by the carmaker’ electric vehicle ambitions set the stock for one of its best weeks ever. Slideshow ( 2 images ) Shares in Volkswagen rose as much… Continue reading EV frenzy over Volkswagen shares draws regulator’s attention
German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
Bafin The financial supervisory authority routinely looks at the price rally, according to the Bafin. (Photo: Bloomberg) The latest price rally at Volkswagen calls the financial regulator on the plan. The Bafin routinely watch the movements, said a spokeswoman on Thursday. The papers of the Wolfsburg-based group had attracted attention in the past few days… Continue reading German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
Why Japan’s carmaking heavyweights could be facing an electric shock
Japan’s traditional carmaking giants need to raise their game in the race to develop pure, battery-driven electric vehicles or risk being left behind by Chinese, American and European producers, analysts have warned. Despite dominating car production in Asia for decades, Japan’s big players have been slow to fully develop the battery-only technology that is now… Continue reading Why Japan’s carmaking heavyweights could be facing an electric shock
@niche: Press Lordstown Endurance electric pickup entering San Felipe 250 off-road race000640
The Lordstown Endurance electric pickup will be hitting the road this fall, but it will be going off road before then. (Lordstown Motors) The Ohio-based startup is entering one of its trucks in the SCORE International San Felipe 250 race across Baja, Mexico in April. Lordstown Motors CEO Steve Burns told Fox News Autos in… Continue reading @niche: Press Lordstown Endurance electric pickup entering San Felipe 250 off-road race000640
Ryder says EV startup Chanje owes millions for undelivered vans
Truck rental company Ryder says it’s owed nearly $4 million from EV startup Chanje after it failed to deliver 100 of the 125 vans promised back in 2017, according to a previously unreported lawsuit in Florida. The lawsuit comes as a massive shift toward electric propulsion is underway in the commercial vehicle space, with new… Continue reading Ryder says EV startup Chanje owes millions for undelivered vans