Nemak Revokes Electric Vehicle Plans in Mexico and Germany to Adapt to Market Changes
Nemak (NEMAKA), Mexico’s leading aluminum automotive parts manufacturer, announced adjustments to its production plans for electric vehicle (EV) shells in response to the pressure on production capacity caused by the global slowdown in EV demand. Nemak Revokes Electric Vehicle Plans…
Electric Cars Took 89% of Norway Market in 2024
“We need only 10 percent more to reach the objective for 2025,” the Norwegian Road Federation (OFV) said in a statement.Of the 128,691 new car registrations last year, 114,400 were electric, the highest share of any major national car market…
A Large Increase in Sales of Electric Cars is Predicted in Europe
Experts from S&P Global Mobility (financial analysis and forecasting) predict that sales of electric vehicles will increase to 15.1 million units next year, which will make their market share reach 16.7 percent of global sales. cars. Although final figures for…
China’s Nio Says new Firefly EV to go on Sale in Europe in H1 2025
China’s Nio (NYSE:NIO) on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. William Li, Nio’s CEO, told…
European Market: Adjusting Electrification Plan Amid Slowing EV Sales
The European automobile industry has been accelerating their electrification activities to achieve carbon neutrality in 2050. National governments have introduced various incentive measures such as purchase subsidies and tax reductions to promote the use of electric vehicles (EVs). Sales of…
LOBO EV Technologies Expands Robotic Lawn Mower Business in the U.S. and Australia with Strategic Manufacturing and Distribution Agreement
LOBO EV Technologies Ltd. (Nasdaq: LOBO) (“LOBO” or the “Company”), an innovative e-bicycle, e-moped, e-tricycle, and electric off-highway four-wheeled shuttle designer, developer, manufacturer and seller, signed a strategic manufacturing and distribution agreement with Capital Fortress Assets Ltd. (“Capital Fortress”), a…
Hinduja Group’s SWITCH Mobility unveils new low-floor bus for India, expands to European market
SWITCH Mobility Ltd, a subsidiary of Ashok Leyland and part of the Hinduja Group, unveiled its new electric bus platform, SWITCH EiV12, on Wednesday. The SWITCH EiV12 is a modern low-floor electric city bus designed specifically for the Indian market….
Schneider Electric named a Leader in the IDC MarketScape for Worldwide EV Charging Management Solutions
Schneider Electric’s EV charging management solutions are designed to meet diverse regional needs through two main platforms: EV Connect in North America and Oceania, and the EcoStruxure EV Advisor in Europe. The company acquired EV Connect in 2022, bringing its…
Tesla’s China-Made EV Sales Drop 4.3% in Nov
U.S. automaker Tesla’s’s sales of China-made electric vehicles fell 4.3% year-on-year to 78,856 in November, data from the China Passenger Car Association (CPCA) showed on Tuesday. Deliveries of China-made Model 3 and Model Y vehicles recorded a 15.5% increase from…
Europe Vehicle Electrification Market Set to Grow from $40.4 Billion in 2024 to $72.3 Billion by 2031 As Revealed In New Report
The Europe vehicle electrification market is expected to grow from US$40.4 billion in 2024 to US$72.3 billion by 2031, reflecting a CAGR of 8.6%. This growth is driven by strong consumer demand, expanding charging infrastructure, and investments by OEMs. The…
