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Electric vehicles
European Battery Giant Northvolt Seeks US Bankruptcy Protection in Dramatic Turn
Swedish battery manufacturer Northvolt has filed for Chapter 11 bankruptcy protection in the United States, marking a significant setback for European ambitions to challenge Asian dominance in the electric vehicle battery sector.
The…
UK Government Stands Firm on Electric Vehicle Sales Mandate Despite Industry Pressure
The British government appears poised to reject appeals from electric vehicle manufacturers seeking relief from hefty fines linked to missed sales targets through 2026. This stance comes amid warnings from the automotive sector about…
Britain Prepares to Ease Electric Vehicle Sales Rules as Industry Faces Crisis
The UK government is poised to modify regulations governing the electric vehicle (EV) market amid mounting pressure from manufacturers claiming current sales quotas are pushing the industry towards a breaking point. Transport Secretary…
Troubled Swedish Battery Manufacturer Northvolt Faces Potential Collapse as Bankruptcy Looms
Swedish battery manufacturer Northvolt stands at a critical juncture as the company contemplates filing for Chapter 11 protection or potentially entering bankruptcy proceedings. Sources close to the negotiations indicate the organisation's…
BMW Reports Dramatic 80 Percent Profit Plunge as Chinese Market Falters
German automotive giant BMW has witnessed a staggering 79.4 per cent decline in third-quarter profits, primarily driven by challenges in its braking systems and a significant downturn in Chinese consumer demand. The manufacturer's profit…
Volkswagens Future Hangs in Balance as German Giant Faces Reform Crisis
Europe's largest automaker, Volkswagen, finds itself embroiled in an unprecedented crisis as it grapples with mounting pressure from workers, politicians, and market forces. The company's struggle to navigate the electric vehicle transition…
Land Rover and Range Rover Report Surge in Hybrid Sales Amid Electric Vehicle Market Uncertainty
The automotive industry is witnessing a significant shift in consumer behaviour as JLR, the West Midlands-based Indian-owned manufacturer, reports a remarkable 29 per cent increase in plug-in hybrid vehicle sales during the first half of…
US approves lithium-ion project to help break China’s grip over EV minerals
As part of its strategy for breaking Chinese dominance of the supply chains of essential minerals, the US approved construction of an enormous new lithium mine in Nevada. It also extended tax breaks to certain miners.
Ioneer, an…
Tesla shares rise 12% on the back of its upbeat earnings forecast and positive outlook
Tesla shares soared Wednesday after the company reported a higher-than-expected quarterly profit. The company also forecasted "slight" growth in deliveries in 2019 and a large jump in 2025.
This performance is a significant turnaround…
General Motors increases profit guidance due to “resilient” consumers
General Motors' shares have soared after the automaker raised its profit forecast for the full year. This is due to the strong demand for SUVs and trucks.
Due to rising prices and consumer spending, the largest American carmaker by sales…
Where is my £10,500 refund if Tesla’s driving distance fell short?
I bought a Tesla Model 3 in June for £42,791. The advert stated that the car had a 318-mile range, but when I charged the battery fully the car's display said only 248 miles. Tesla was able to find out the reason why the advertised range of…
Stellantis vehicles are now being shipped at a lower rate by a fifth
Stellantis, parent company of Vauxhall has revealed the crisis as it revealed a 20 percent drop in deliveries compared to a year earlier.
Stellantis brand shipments in the world fell by 279,000 units to 1.14mn in the three-month period…
European automakers are planning dozens of models at lower prices to survive the ‘EV…
The European automakers plan to launch dozens of electric models at affordable prices next year, as they prepare for a "EV Winter" fueled by the tougher EU carbon emissions targets and fierce competition coming from China.
The big…
Rio Tinto purchases Arcadium Lithium at a cost of $6.7bn
Rio Tinto struck a $6.7billion deal to acquire a lithium miner, making it the third largest producer in the world of this key ingredient for electric vehicle batteries.
The London-listed company is paying $5.85 per share in cash. This…
Battery manufacturers aim to ease EV anxiety with 5-minute charging
Asian battery manufacturers are racing to create new "superfast charging cells" for electric vehicles. These will allow refuelling cars as quickly as they can fill up with petrol or diesel. China’s CATL, and Gotion High Tech are launching…
Rio Tinto is considering a bid for Arcadium Lithium
Rio Tinto may make a bid to acquire a New York listed lithium miner, as the largest commodity groups in the world race to secure the metals and minerals that will power the global shift to cleaner energy. If the deal for Arcadium Lithium is…
Ocado, AA and growing protest against London congestion charges for electric vans
Over 40 companies, including Ocado and the AA, have called for the Mayor of London not to expand the congestion charge on electric vans.
Christmas Day 2025 will see drivers of electric cars in central London paying the same £15 per day…
Ford calls on Labour to put off electric car targets
Ford has urged the new Labour government in the UK to put an end to the ambitious sales targets set for electric cars and the harsh penalties that will be imposed on manufacturers who fail to meet them. The American auto giant, which was…