Tag: Volvo

Energy Department Will Loan $2 Billion to Redwood Materials

The Energy Department on Thursday announced a $2 billion loan to help a Nevada company step up production of critical components of electric vehicle batteries. The company, Redwood Materials, plans to use the loan to expand a manufacturing campus near Reno, Nev., where it makes some of the components from new and recycled sources. The… Continue reading Energy Department Will Loan $2 Billion to Redwood Materials

Energy Department Will Loan $2 Billion to Redwood Materials

The Energy Department on Thursday announced a $2 billion loan to help a Nevada company step up production of critical components of electric vehicle batteries. The company, Redwood Materials, plans to use the loan to expand a manufacturing campus near Reno, Nev., where it makes some of the components from new and recycled sources. The… Continue reading Energy Department Will Loan $2 Billion to Redwood Materials

Panic over metals for EVs goes all the way to automakers’ C-Suites

Automakers are also getting involved in the development of new mining projects. The merry-go-round of private meetings at an annual mining industry conference at Florida’s Hollywood Beach had a cast of new faces this year: auto sector executives increasingly anxious about surging prices and tighter supply of metals used in electric vehicle batteries. Tesla Inc.,… Continue reading Panic over metals for EVs goes all the way to automakers’ C-Suites

Sky-high car prices have only one direction to go from here

For much of the past three years, car prices knew one direction: upward. This was simple economics: There was far more demand for new vehicles than manufacturers could meet due to pandemic-related disruptions. As chips, wire harnesses and other components in short supply flow more freely again, a slow but inevitable march to normalization has… Continue reading Sky-high car prices have only one direction to go from here

Automotive Steering System Market by Technology, EPS Type, Pinion, Mechanism, Components, Vehicle and Region – Global Forecast to 2027

NEW YORK, March 3, 2023 /PRNewswire/ — The Automotive Steering System market is projected to grow from USD 35.3 Billion in 2022 to USD 39.5 Billion by 2027, at a CAGR of 2.3% over the forecast period. Read the full report: https://www.reportlinker.com/p04226793/?utm_source=PRN Continue Reading Source: ReportLinker Growing adoption of EVs, penetration of passenger cars, and… Continue reading Automotive Steering System Market by Technology, EPS Type, Pinion, Mechanism, Components, Vehicle and Region – Global Forecast to 2027

Cleantechnica: Sweden’s Plugins Continue To Grow Despite Economic Downturn 002623

In February, Sweden’s plugin electric vehicles continued to dominate with a 54.0% share of auto sales, up from 51.6% year on year. Full electric share grew substantially, whilst plugin hybrid share decreased. Overall auto volume was 18,442 units, down some 13% YoY. The Volvo XC40 was February’s best selling BEV yet again, holding the lead… Continue reading Cleantechnica: Sweden’s Plugins Continue To Grow Despite Economic Downturn 002623

German Manager Magazin: Aramco: Saudi oil multinational joins Renault and Geely engine company002345

The oil multinational Saudi Aramco is investing in a new engine joint venture of the French carmaker Renault and the Chinese manufacturer Geely. The shares of Renault and Geely are equal in each case, Aramco will receive a minority share, the companies announced on Thursday. Manager magazin had already reported in October last year on… Continue reading German Manager Magazin: Aramco: Saudi oil multinational joins Renault and Geely engine company002345

EV maker Polestar’s Q4 loss narrows, won’t engage in price wars

Demand for electric cars has weakened for U.S. EV startups Rivian and Lucid, with both carmakers forecasting 2023 production well below analyst estimates. By Marie Mannes Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it would not engage in price wars while weakening demand… Continue reading EV maker Polestar’s Q4 loss narrows, won’t engage in price wars