Tag: Volvo

While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding

Swedish autonomous electric vehicle startup Einride is aiming to continue the momentum sparked by partnerships with Oatly and Lidl by seeking additional capital, TechCrunch has learned.  Einride is seeking $75 million in new financing, while at the same time exploring the potential for a public listing through a special purpose acquisition company, according to people… Continue reading While eyeing a SPAC, Swedish autonomous EV company Einride nears $75 million in new funding

Chat show legend and petrolhead Jay Leno stars in this week’s Auto Express podcast

This week American chat show legend Jay Leno stars in the Auto Express podcast. He reveals where his love of cars comes from, the scariest car he’s ever driven, and how he ended up specifying a 7.0-litre engine in his dad’s car. Elsewhere, Vicki Butler-Henderson, Steve Fowler and Andy Pringle round up the latest on… Continue reading Chat show legend and petrolhead Jay Leno stars in this week’s Auto Express podcast

New 2021 Volvo C40 joins brand’s electric car line-up

Volvo has scored a smash hit with its XC40 small SUV – and now the firm is hoping to score additional sales with the second of its new generation of 40-series models, the C40 Recharge. The new Volvo C40 Recharge is the first purely electric model from the Swedish manufacturer, a potential rival for everything… Continue reading New 2021 Volvo C40 joins brand’s electric car line-up

Clean Technica: UK Plugin Vehicle Share Hits 13% In February, Up 2.3× Year-On-Year — Diesels Down 61%000648

Europe’s third largest auto market, the UK, saw 13% plugin electric vehicle market share in February, up 2.3× from 5.7% a year ago. The overall auto market was down 35.5% year-on-year due to continuing lockdowns, which are currently planned to lift in mid April. Diesel powertrain sales volume fell by over 61% year-on-year and are… Continue reading Clean Technica: UK Plugin Vehicle Share Hits 13% In February, Up 2.3× Year-On-Year — Diesels Down 61%000648

VW expects half of U.S. sales to be electric vehicles by 2030

Volkswagen’s ID Buzz vehicle. Aeva Volkswagen is accelerating its plans for all-electric vehicles in a bid to become “the world’s most desirable brand for sustainable mobility,” a title arguably already owned by Tesla. The German automaker Friday morning said more than 70% of its Volkswagen brand’s European sales will be EVs by 2030, up from… Continue reading VW expects half of U.S. sales to be electric vehicles by 2030

Volkswagen doubles its electric sales target: 70% by 2030

Fierce competition Volkswagen, now the second largest producer in the world after Toyota, is facing a constantly evolving market and increasingly fierce competition. Carmakers are competing to develop electric vehicles and meet Europe’s increasingly stringent CO2 emissions targets, under penalty of heavy penalties. Ford has announced that it will only produce electric cars by 2030… Continue reading Volkswagen doubles its electric sales target: 70% by 2030

Tencent-backed Aiways breaks into Europe and China EV market

SHANGHAI — Chinese electric vehicle startup Aiways is expanding its sales footprint in Europe, where more electric cars were sold last year than in China. Aiways has pursued this strategy since it was founded in 2017, as it looks to grow outside China’s fiercely competitive domestic market. The Shanghai-based pure-play EV manufacturer sealed deals with… Continue reading Tencent-backed Aiways breaks into Europe and China EV market

Martinrea International Inc. Reports Full-Year Results and Record Fourth-Quarter Earnings, and Declares Dividend

TORONTO, March 04, 2021 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the year and fourth quarter ended December 31, 2020 and that… Continue reading Martinrea International Inc. Reports Full-Year Results and Record Fourth-Quarter Earnings, and Declares Dividend