The world’s largest electric car manufacturer BYD is threatened with a real crisis. The group’s sales fell by 30 percent to 210,000 vehicles in January compared to the same month last year, the company announced. It was the fifth consecutive month of declining sales. The company’s share price fell almost seven percent in Hong Kong.… Continue reading German FAZ: Car manufacturer BYD loses its top position in China010511
Tag: Geely
EV maker Polestar secures $400 million equity funding
Neither Sumitomo Mitsui nor Standard Chartered will own more than 10% of Polestars outstanding equity after the transaction has closed Electric vehicle maker Polestar said on Monday it has secured a $400 million equity investment from Feathertop Funding Limited, a special purpose entity consolidated by Sumitomo Mitsui Banking Corporation and Standard Chartered Bank. This follows… Continue reading EV maker Polestar secures $400 million equity funding
Used Volvo C40 (Mk1, 2021-date) buyer’s guide: a second-hand bargain that’s cheap for a reason
Charge! At the outset, the C40 Recharge could charge at up to 150kW, which was increased for dual-motor models to a rapid 200kW for the 2023 model year. But single-motor versions can only charge at 130kW. Peace of mind As standard, the C40 has a three- year/60,000-mile warranty; this can be extended to four years… Continue reading Used Volvo C40 (Mk1, 2021-date) buyer’s guide: a second-hand bargain that’s cheap for a reason
How the EV pullback is affecting factories and jobs in the South
For most of the past two decades, the majority of electric vehicle-related investments have gone to Republican-led districts, especially in the Southeast. With the industry pulling back from electric cars and trucks, the fate of those investments is now an open question. Automakers and battery makers invested more $200 billion in EV and battery manufacturing… Continue reading How the EV pullback is affecting factories and jobs in the South
Trucks Haul Growth While Buses Lose Steam in January 2026
While the heavy-duty trucks that haul steel and cement are flying off dealer lots, the buses that move the nation’s workforce and students have suddenly hit a speed bump. Fresh sales data for January 2026 reveals a cooling trend in the passenger carrier segment, marking a sharp departure from the breakneck growth seen over the… Continue reading Trucks Haul Growth While Buses Lose Steam in January 2026
Heavy-Duty Gains Mask a Softening Bus Market for Volvo Eicher
VE Commercial Vehicles (VECV), the joint venture between Eicher Motors and Sweden’s Volvo Group, reported a robust start to the calendar year, with total wholesales climbing 24.9% in January 2026 compared to the same period last year. The company, which is part of Eicher Motors, shipped 10,601 units in January, up from 8,489 units in… Continue reading Heavy-Duty Gains Mask a Softening Bus Market for Volvo Eicher
Volvo Construction Equipment’s acquisition of Swecon is completed
GOTHENBURG, Sweden, Feb. 1, 2026 /PRNewswire/ — Volvo Construction Equipment (Volvo CE) has completed the previously announced acquisition of Swecon. Following the approval received from the European Commission to acquire Swecon the parties have now joined forces. Volvo CE has acquired Swecon’s business operations in Sweden, Germany and the Baltics including Entrack. The transaction is valued… Continue reading Volvo Construction Equipment’s acquisition of Swecon is completed
Ford held talks with China’s Xiaomi over EV partnership
We’re showing you this article with reduced functionality due to intermittent issues on FT.com. This article is up-to-date as of January 31 2026. Ford has held talks with electric vehicle maker Xiaomi over a partnership that would pave the way for Chinese carmakers to gain a foothold in the US, according to four people familiar… Continue reading Ford held talks with China’s Xiaomi over EV partnership
Chinese carmakers cash in on Britain’s EV credits
Chinese carmakers are expected to cash in on Britain’s net zero mandate after it emerged that major manufacturers will have to pay rivals to avoid fines. Eight carmakers including Jaguar Land Rover and Toyota did not sell enough electric cars or low-emission vehicles last year to meet government mandates, according to an industry analysis. Four… Continue reading Chinese carmakers cash in on Britain’s EV credits
German FAZ: VW alone at home010501
The VW Golf is once again the best-selling car of the year in Germany. Despite a noticeable decline, the Wolfsburg compact car will not be dethroned in 2025 either. The SUV T-Roc, which competes in the same category, takes second place, and the medium-sized SUV Tiguan takes third place. Volkswagen therefore has the podium for… Continue reading German FAZ: VW alone at home010501