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Polestar to boost US retail network by nearly 75% as new product arrives

Automotive Industry Automotive News Europe - 2024-08-14

The EV brand, which is tripling the size of its lineup in 2024, plans to add 20 stores in the US by the end of 2025. …

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EVs need more aid to retire fossil-fuel cars, supplier says

Automotive Industry Automotive News Europe - 2024-08-14

Major EU markets including Germany have scrapped or lowered EV subsidies. …

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Leasing model behind Europe's EV drive at risk of breakdown

Automotive Industry Reuters - 2024-08-13

Low resale values for electric cars have pushed the leasing firms that drive Europe's auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric …

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South Korea holds emergency meeting as EV fires stir consumer fear

Automotive Industry Automotive News Europe - 2024-08-12

Officials discussed whether to require automakers to disclose EV battery brands amid growing consumer concern. …

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Chinese EV maker HiPhi enters bankruptcy process in death knell

Automotive Industry Automotive News Europe - 2024-08-09

The struggling startup is unable to pay suppliers due to years of poor sales. …

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China takes Europe's EV tariffs to WTO as trade tensions rise

Automotive Industry Automotive News Europe - 2024-08-09

China's Ministry of Commerce argues that the EU's actions lack "factual and legal foundation" and "undermined the global cooperation on dealing with climate change." …

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Europe's auto chipmakers have a deepening China habit

Automotive Industry Automotive News Europe - 2024-08-09

Infineon, NXP and STMicroelectronics each earn about a third of their revenue from China. …

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Chinese electric vehicles face possible extra EU tariff hit

Automotive Industry Politico - 2024-08-08

Chinese electric carmakers raced to get EVs into the bloc ahead of the July 5 deadline when new EU tariffs went into effect, betting they would not face backdated duties.  …

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MG Motor to build manufacturing plant, R&D center in Mexico

Automotive Industry Automitive News Europe - 2024-08-08

MG Motor plans to build a manufacturing plant and a research and development center in Mexico. The move would allow MG to "not only produce vehicles, but to also produce market intelligence specifically designed for and by …

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EVs drive surge in used car sales

Automotive Industry SMMT - 2024-08-08

The UK’s used car market has grown for the sixth consecutive quarter, rising 7.2% in Q2, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). …

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