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Commercial
Hongqi to launch two new EVs in Europe this year
China’s longest-running passenger car brand, Hongqi, has announced its plans to target European markets over the coming years, with a range of electric vehicles.Whilst the brand already sells EVs in Scandinavian countries, the manufacturer...
News
Roland Berger consultancy lowers its global BEV market share prediction in response to global challenges
Roland Berger revised its 2030 global BEV market share forecast to 25-45% due to economic and market challenges.Key obstacles include geopolitical tensions, supply chain issues, and political divisions affecting U.S. adoption rates.Despite challenges, strategic...
Commercial
Tesla shares shoot up 10%, despite a decline in deliveries
Tesla's Q2 vehicle deliveries fell by 5%, but smaller-than-expected decline boosted shares by over 10%.Stronger-than-expected sales in China and the US helped Tesla deliver 443,956 vehicles, surpassing Wall Street estimates.Tesla faces competition from new,...
Commercial
Amplify Cell Technologies breaks ground on a new battery facility in Mississippi, creating over 2,000 jobs
Amplify Cell Technologies begins construction of a battery cell factory in Marshall County, Mississippi.The joint venture involves Accelera, Daimler Trucks & Buses US Holding LLC, PACCAR, with $2-3 billion investment.Facility to annually produce 21...
News
XPeng reports continued growth as deliveries rise 24% compared to 2023
XPeng delivered 10,668 Smart EVs in June 2024, up 24% year-over-year and 5% from the previous month.The XPeng X9 contributed 1,687 units, totaling 13,143 since launch, leading in China's electric MPV and three-row segments.XPeng...
Commercial
VW to invest $5bn in Rivian, in new joint venture
In an announcement which sent Rivian shares skyrocketing, Rivian and Volkswagen have announced a joint venture which will allow both manufacturers to share software and EV architecture.These joint venture vehicles, from both brands, will...
