Tag: Volvo

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

Pravaig Extinction MK-II: Green, clean and soon to be seen

Green. Mean. Seen. Electric vehicles by the nature of their operation are known to be ‘green’. They can be mean too, given that some accelerate from zero to 100kph quicker than their IC-engined brethren. And, there can be a luxury-quotient attached, which means they can be bold and beautiful in their persona too. There is… Continue reading Pravaig Extinction MK-II: Green, clean and soon to be seen

Volvo Autonomous Solutions forms Partnership with Foretellix

TEL AVIV, Israel, March 4, 2021 /PRNewswire/ — Volvo Autonomous Solutions has signed an agreement with verification experts Foretellix to jointly address the challenges of large-scale verification of autonomous driving solutions on highways and confined areas, such as mines. Volvo Autonomous Solutions has formed a partnership with Foretellix to jointly create a Coverage Driven Verification solution… Continue reading Volvo Autonomous Solutions forms Partnership with Foretellix

Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley

Morgan Stanley is out with a new report stating that Tesla is losing market shares to the Ford Mustang Mach-E in the US. The firm released its February 2021 US auto sales report and they found that electric vehicle sales were up by almost 40%. Tesla still had majority market shares, but it fell compared… Continue reading Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley