European Car Sales Jump as Electric Vehicles Take the Lead
New car sales in Europe rebounded with a bang in 2023, rising by 13.9 percent as electric vehicles overtook diesel for the first time, an industry group has said. Sales of new electric cars shot up by 37 percent year-on-year…
BYD’s First Chartered Vessel Sets Sail with 5,000 EVs for Europe
BYD’s first chartered vehicle vessel has set sail from China’s southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday. Chinese automakers including BYD, Chery Automobile and SAIC Motor 600104.SS have been…
PGGM Infrastructure Fund Joins EV Charging Firm Electra as Largest Shareholder
An open-ended fund managed by the infrastructure arm of Dutch pension fund asset manager PGGM has become the largest shareholder in Electra, an operator of electric vehicle (EV) charging infrastructure in Europe. The PGGM Infrastructure Fund, which targets investments in OECD countries,…
BYD is Now Using Purpose-built EV Cargo Ships to Send its Cars to Europe
BYD Co.’s first chartered cargo ship has set sail as the automaker ramps up exports of electric vehicles. The BYD Explorer No. 1, capable of carrying 7,000 cars, is bound for Europe after making a stop in the Chinese port…
Stellantis Invests in More Affordable EV Battery Technology
Stellantis, the parent company of Ram, Jeep, Dodge and Chrysler is trying to make EV batteries, like the one to power the 2025 Ram 1500 REV, more affordable and sustainable in the long run. Stellantis is investing in a French…
FINN Raises 100 Million Euro in Series C to Accelerate the Growth of its Electric Fleet
The car subscription provider FINN has announced the closing of its Series C equity funding round of 100 million euros. The round was led by Planet First Partners, the European growth equity sustainable investment platform. In addition, existing investors reaffirmed…
Turkiye’s EV maker Togg Unveils its Sedan Model Before Europe Debut
Turkiye’s first homegrown electric vehicle maker announced the expansion of its lineup on Tuesday and unveiled its second model at the sprawling tech and gadget show in Las Vegas as it looks to start its expansion into Europe. The fastback…
U POWER Tech Unveils “plug-and-play” EV Chassis at CES; a Tech and Business Model Set to Shake Up the EV Industry
U POWER Tech, a smart electric vehicle (EV) technology company is making its debut at CES 2024 with the UP Super Board, a skateboard chassis that serves as a vehicle foundation for automakers to accelerate EV development. This plug-and-play technology…
EIB Funds €420m to Support Fully Electric Volvo Car Range
The European Investment Bank (EIB) has announced it has signed a €420m financing agreement with Volvo Car Corporation to help create a fully electric Volvo car platform. The sizeable loan agreement will support Volvo in its vision to become an…
Italy Mulls a $1 Billion Incentive Plan to Boost Electric Vehicle Sales
Italy is mulling a plan worth $ 1 bilion to boost electric vehicle sales in the country. The European country is reportedly planning to launch an incentive program, under which it aims to replacethe country’s ageing internal combustion engine-propelled vehicle…
