Browsing Category
Electric vehicles
UK automakers demand tax incentives to encourage the switch to electric vehicles
The UK auto industry has requested tax incentives for motorists to switch to electric cars to offset the weakening demand among private buyers for battery models.
Our EV market has emerged from its early adopter phase. "To move from the…
Volkswagen reduces jobs as demand for EVs plummets
Volkswagen is cutting nearly 300 jobs at a German factory as the demand for electric vehicles declines.
Redundancies are taking place at the Zwickau plant of the auto giant, where another 2,000 temporary workers may also lose their…
China criticises EU’s alleged ‘naked protectionism’ against electric cars
Beijing has attacked the EU's anti-subsidies investigation into China's electric car industry as a "naked protectionist act" and warned that it will have a negative impact on relations in its first official comments on the probe.
China's…
Oxford Mini plant to benefit from £600mn UK investment in electric cars
BMW will invest over £600mn in Oxford to produce electric Minis, preserving the historic plant. This is a vote for confidence in the UK auto industry.
According to sources familiar with the situation, the German automaker's investment at…
China’s billionaire cathode battery manufacturer targets US market through South Korea IPO
A Chinese billionaire, who controls an important part of the battery supply chains, is in discussions to list a portion of his empire in South Korea. This could help his company sell and invest in the US in spite of Joe Biden’s policies to…
Cruise to reduce fleet of San Francisco Robotaxis by half following crashes
General Motors Cruise Autonomous Vehicle Unit has agreed to reduce its fleet of San Francisco Robotaxis by half, as authorities investigate recent accidents in the city.
The state department for motor vehicles (DMV), after Thursday's…
Welsh sports car factory built with taxpayers’ money still vacant 12 months after renovation
After a year of refurbishment, a £12m taxpayer funded sports car factory in Wales has yet to produce any cars.
The local economy was expected to benefit from the move of the British sports car manufacturer TVR to the new site in Wales.…
Elon Musk of Essex moves Royal Mail electric truck maker to US
After running into financial problems, Royal Mail's supplier of electric lorries will relocate its headquarters in the US as part of a merger with an American-listed company.
Tevva Motors is a start-up in Essex that makes electric…
Zach Kirkhorn, Tesla’s CFO and veteran company employee, has quit.
Zach Kirkhorn, Elon Musk’s closest lieutenant at Tesla, resigned unexpectedly from his position as Chief Financial Officer as the electric car maker struggles to cut costs and defend its profit margins after a series of price reductions.…
Bruno Le Maire: European auto industry can survive cheap Chinese EVs
According to Finance Minister Bruno Le Maire, France's new auto subsidies "pave the way" for Europe to be able to resist the threat of a flood of cheaper Chinese electric vehicles imported into Europe.
According to a set of measures …
Vauxhall owner warns against ‘invasion of Chinese’ in electric car market
Vauxhall's owner Stellantis warned that a "invasion of cheap Chinese vehicles" was coming as it pressed its suppliers to reduce costs in order to compete.
As it works to reduce the price of electric vehicles, the firm will use its…
Britain’s EV push will cost billions, but the prize could be worth much more
This could be £500m. It could be £1bn. It could even be £2bn. It's not clear how much the government agreed to pay the Indian conglomerate Tata last week for a battery plant in Somerset, instead of Lyon or Stuttgart.
One thing is…
Tesla profits slip as price reductions weigh on earnings
Tesla's profits margins fell in the last quarter due to a series price cuts that have weighed on earnings this year, according figures released on Wednesday.
The US electric car maker has reiterated that it will sell 1.8 million vehicles…
VanMoof, the ‘Tesla’ of e-bikes, goes bankrupt when cycling boom bursts
The wheels are coming off the cycling boom as a Dutch electric bike maker dubbed "Tesla" of e-bikes declares bankruptcy.
Amsterdam-headquartered VanMoof, whose minimal designs and high prices won the company repeated comparisons with…
Jaguar Land Rover selects UK over Spain to build battery megafactory
Britain's victory in the race to build a flagship battery plant is a boost for Rishi Sunder
After offering Jaguar Land Rover half a billion pounds of subsidies, Rishi Sunak sealed a deal with to bring an electric vehicle…
Cornish Lithium raises £10m to prevent collapse
It is only a few weeks until the company in Cornwall at the heart of the "Klondike of Lithium" must find PS10m of additional funding or it will collapse.
Cornish Lithium must secure a capital infusion by the end July to "ensure the…
Elon Musk’s plan to transform Britain into a ‘virtual grid’
Billionaire looks to expand his business despite critics who say he is too busy.
Elon Musk is a billionaire who has spent $44bn to buy , one of the largest social media companies in the world.
Now the billionaire is focusing…
Elon Musk’s Tesla is poised to launch a British household electricity provider
Tesla, Elon Musk’s company, is set to disrupt the British energy market with its electricity sales to consumers.
A job posting revealed that Tesla was developing plans to register with the industry regulator as an electricity…