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Nio plans to cut workforce by 10%

Automotive Industry Automotive News Europe - 2023-11-03

China's Nio plans to trim its workforce by 10% this month as it moves to improve efficiency and reduce costs in the face of growing competition, the electric vehicle maker said. …

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Temporary hiring freeze at VW

Automotive Industry electrive.com - 2023-11-03

“Due to the ongoing efficiency programs at Volkswagen AG, external recruitment will be temporarily limited and no external positions will be advertised,” explained a company spokesperson. …

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Lithium producers stay bullish on EVs despite growing headwinds

Automotive Industry Reuters - 2023-11-02

The world's largest lithium producers say they remain bullish on long-term demand for the battery material in the midst of recent price drops fueled by growing worries that the global pace of electric vehicle adoption is slowing. …

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VW Group accelerates digital supply chain transformation as part of Cofinity-X partnership

Automotive Industry Automotive Logistics - 2023-11-02

Cofinity-X, the inaugural Catena-X operating company resulting from a joint venture between automotive industry leaders including BASF, BMW Group, Henkel, Mercedes-Benz AG, SAP, Schaeffler, Siemens, T-Systems International, VW Group …

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BYD gains on Tesla for EV sales crown with another record month

Automotive Industry Automotive News Europe - 2023-11-02

BYD achieved another record month selling battery-electric and plug-in hybrid vehicles, putting the automaker closer to surpassing Tesla for the first time on quarterly pure-EV sales. …

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Elli launches pan-European charging solution for electric fleets

Automotive Industry Volkswagen - 2023-11-02

The number of electric vehicles in European fleets is steadily increasing - already one out of seven company fleet cars is fully or partially electric, meaning the proportion of EVs is significantly higher in fleets than in the general p …

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VW will not add fourth battery plant while EV market remains sluggish

Automotive Industry Automotive News Europe - 2023-11-01

Volkswagen Group will not make a decision on a fourth battery factory site for now, with demand for electric vehicles in Europe lagging expectations, CEO Oliver Blume said. …

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Renault's Ampere ambitions tested by choppy IPO, slow EV markets, report says

Automotive Industry Automotive News Europe - 2023-11-01

Weaker electric-vehicle demand, increased competition from China and market volatility are complicating Renault's plans to list its EV business Ampere, four people familiar with the matter told Reuters. …

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Volkswagen puts off east European gigafactory amid sluggish EV demand

Automotive Industry Reuters - 2023-11-01

German car group Volkswagen (VOWG_p.DE) will not make a decision on a fourth battery factory site for now, with demand for electric vehicles in Europe lagging expectations, Chairman Oliver Blume said on Wednesday. …

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Tesla falls as production cut by battery supplier Panasonic fans EV demand fears

Automotive Industry Reuters - 2023-10-30

Shares of Tesla (TSLA.O) fell about 5% on Monday after key supplier Panasonic Holdings (6752.T) said it cut automotive battery production in the September quarter, cementing concerns of a global slowdown in electric-v …

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