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Volvo acquires Proterra’s battery business amidst Proterra’s Chapter 11 bankruptcy

Automotive Industry trans.info - 2023-11-10

The $210 m acquisition is contingent upon approval by the bankruptcy court in the United States. …

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Tesla is furious it’s not in EU’s Chinese subsidy probe. Here’s why

Automotive Industry POLITICO - 2023-11-10

For once, Elon Musk isn't front and center, and he isn't happy about it. …

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Market for used EVs growing fast in Germany – motorist club

Automotive Industry Clean Energy Wire - 2023-11-10

The market for used electric vehicles (EVs) is growing fast in Germany, the country's most important motorist club, ADAC, has found. …

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Polestar trims delivery forecast, halves margin target

Automotive Industry Automotive News Europe - 2023-11-09

Polestar trimmed its 2023 delivery forecast on Wednesday 8 November, to the lower end of its earlier guidance and halved its gross margin target, amid fears of a slowdown in EV demand and global economic uncertainty. …

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VW pauses production at German EV plant

Automotive Industry Automotive News Europe - 2023-11-09

Volkswagen Group is pausing the production of a number of electric vehicle models at its Zwickau plant for an estimated three weeks due to a shortage of electric motors, the automaker said on 9 November. …

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S&P Global Mobility Survey Finds EV Affordability tops Charging and Range Concerns in Slowing EV Demand

Automotive Industry S&P Global Mobility - 2023-11-08

Although range anxiety and the charging network remain reasons to hesitate, a recent global survey of consumers showed that potential EV buyers are most concerned about the impact to their wallet. …

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Renault cuts Nissan stake to 15% after transferring shares to trust

Automotive Industry Automotive News Europe - 2023-11-08

Renault has cut its stake in Nissan to 15% from about 43% by placing 28.4% of the Japanese automaker in a French trust, the companies said in an alliance statement, putting them on equal footing. …

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Tesla faces blockade at Swedish ports over labor dispute

Automotive Industry Automotive News Europe - 2023-11-08

Tesla is coming under increased pressure in Sweden after a union for transport workers said it planned to extend its blockade of the automaker’s shipments to every Swedish port, starting Friday 17 November. …

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India proposes slashing EV import taxes in UK free-trade deal, report says

Automotive Industry Automotive News Europe - 2023-11-08

India is proposing reducing import taxes on some electric vehicles from the UK in an effort to clinch a free-trade deal between the two nations by the end of the year, according to two people familiar with the discussions. …

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Europe's top dealers tighten grip on market

Automotive Industry Automotive News Europe - 2023-11-07

Europe's top 50 dealer groups have gained a tighter hold on the market after increasing their average number of outlets and boosting revenue in 2022, new figures show. …

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