The premium Bavarian automaker announced today that its first-quarter sales of BEVs (battery electric vehicles) have increased by a factor of two in 2022. The BMW Group saw growth of 112.3% in its BMW-badged models across a wide range of models, bringing its total BEV sales to 55,979 in the first quarter. Although its sales […]
Continue Reading
Recharge in Nature, a new three-year partnership between National Parks UK and BMW UK, will assist in making the 15 National Parks more accessible to electric vehicles. The parks’ projects for sustainability, well-being, biodiversity, nature restoration, and sustainability will all be supported by the partnership. The UK’s 15 Public Parks are visited north of 100 […]
Continue Reading
According to reports, Tesla has considered exporting electric vehicles manufactured in China to the United States and Canada in order to connect its largest manufacturing facility to its largest market in North America. The individuals, who requested anonymity due to the private nature of the discussion, claim that Tesla has been evaluating the possibility of […]
Continue Reading
According to Volkswagen Group’s SEAT Cupra CEO Wayne Griffiths, Cupra has been conducting market testing for the potential entry into the US market. Cupra has recently entered new markets outside of Western Europe and is producing a number of all-electric models in Spain in an effort to establish itself as a distinct EV brand. Cupra, […]
Continue Reading
The member of Volkswagen’s board who is in charge of technology stated that the automaker intends to make investments in mines to reduce the cost of battery cells, satisfy half of its own demand, and sell to third parties. Thomas Schmall said that the biggest carmaker in Europe wants PowerCo to become a global battery […]
Continue Reading
Arrival, a British company that hopes to begin production of its van in the United States by the end of 2024, received a $300 million equity financing line from Westwood Capital on Monday. Arrival also stated that it wants to reduce the rate at which it burns cash. Over the past few months, EV companies […]
Continue Reading
In Germany, Mercedes introduced its “Mercedes pay+” payment service. Using biometric authentication, the car’s fingerprint sensor in the infotainment system, certain Mercedes models can accept Visa credit and debit cards. For infotainment services, subscribing to in-car services, and unlocking hardware capabilities, Mercedes pay+ is a cardless, wireless payment service that uses biometric authentication. Because the […]
Continue Reading
Stellantis announced that it will put $155 million into three plants in Kokomo, Indiana, to make new electric drive modules (EDMs). These EDMs will power future electric cars made in North America and help the US reach its goal of 50 percent battery electric sales by 2030. The Kokomo-built EDM will be incorporated into vehicles […]
Continue Reading
Stellantis STLA gained 4.34 percent, after revenue and net profit soared in 2022, year that has marked by a sharp rise in sales of electric vehicles to distribute $4.47 billion in dividends to shareholders and buy back shares worth $1.6 billion. Supply chain issues brought on by the conflict in Ukraine and an increase in […]
Continue Reading
According to South Korea’s visiting Industry Vice Minister Jang Young-jin, the United States intends to release additional information on the provision of tax credits for the purchase of new electric vehicles (EVs) the following month, as scheduled. This week, Jang arrived in Washington to discuss a variety of topics with his American counterpart, Deputy Secretary […]
Continue Reading