Ford To Lay Off Workers As It Focuses On Electric Vehicles
As Ford shifts to producing more electric vehicles, it expects to lay off a number of employees, mostly engineers, in North America over the coming days. The company would not confirm any specific number of employees involved. “This is related…
EU Electric Vehicles Risk 4.3 Billion Euro Post-Brexit Tariff Cost
Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, a leading industry body said on Tuesday. Under the…
Europe New Car Sales Rose 18.5% in May, Electric Vehicles Take Larger Share
New car registrations in Europe jumped in May with battery-electric vehicles taking a bigger market share than a year ago, the European Automobile Manufacturers’ Association said Wednesday. Registrations, which reflect sales, totaled almost 1 million, an 18.5% jump from last…
The U.S. Becomes The World’s Second-Largest EV Market After China
Tax credits led to a surge in U.S. electric vehicle sales in the first quarter of 2023, making the United States the world’s second-largest EV market after China, Counterpoint Technology Market Research said in new research. U.S. passenger electric vehicle (EV)…
US EV Sales Up 79% YoY in Q1 2023 Helped by Tax Credit Subsidy
US passenger electric vehicle* (EV) sales soared over 79% YoY in Q1 2023, according to the latest research from Counterpoint’s USA Passenger Electric Vehicle Model Sales Tracker. This strong growth helped the US surpass Germany to become the world’s second-largest EV market, the largest being…
Europe Electric Vehicle Battery Market Surges as Automotive Industry Shifts Towards Electrification
A recent study commissioned by European Aluminium and conducted by Ducker Carlisle has found that the average amount of aluminium used in European cars has increased by 18% from 174 kg in 2019 to 205 kg in 2022. The study…
German Carmakers Warn of Tough EU Talks on Post-Brexit EV Trade
European carmakers have warned that they stand to lose €4.3bn and cut production by almost 500,000 electric vehicles unless Brussels agrees to delay the imposition of tariffs between the EU and the UK. The European Automobile Manufacturers Association (Acea), an…
Cheaper European Electric Cars On The Horizon In Australian Trade Talks
A new trade deal between Australia and the European Union (EU) could result in more affordable electric cars, according to a senior government diplomat. Trade Minister Don Farrell, who is currently in Europe to negotiate a deal with the EU,…
Korea’s Cathode Supplier L&F Aims To Make It Big With Anodes
L&F Co., a former LCD backlight unit maker, has long been a stranger even to locals in Daegu, a provincial city 165 km away from Seoul. Many people still don’t know where the company, now South Korea’s leading battery materials maker,…
Dublin Nets Korean Supplier of Heaters for Electric Vehicles
Dublin is the latest Georgia city to win a commitment from a South Korean automotive supplier looking to participate in the state’s burgeoning electric car sector. Woory Industrial Co. Ltd. is set to invest $18 million and hire 130 people in what will be its first…
