Toyota Delays US EV Production Start
Toyota is to delay the start of production of its first electric vehicle in North America until 2026 as demand for battery electric vehicles (BEVs) in the US fails to meet earlier expectations. The Nikkei newspaper reported that Toyota has…
Stellantis Experiences EV Production Challenges in Europe
Citroën ë-C3 deliveries were supposed to start in the second quarter. According to people familiar with the matter, ë-C3 preorder holders will likely receive their EVs after the summer breaks. Citroën’s ë-C3 order bank is currently at 30,000 units. The…
Janet Yellen Voices Concern About EV Overproduction to China’s Vice Premier
U.S. Treasury Secretary Janet Yellen told China’s Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. Yellen’s remark at the opening…
Nissan Unveils Plan To Shrink EV Production Costs
Japanese auto giant Nissan said Monday it will slash production costs for next-generation electric vehicles by 30 percent as it competes with fast-growing Chinese rivals. By 2030, Nissan aims to make electric models at the same price as traditional combustion…
Honda Considers US$14 Billion Plan for EV Production in Canada
Honda Motor Co is considering building an electric vehicle plant in Canada in a near ¥2 trillion (US$13.83 billion) project that could possibly include in-house production of batteries, Japan’s Nikkei news group reported on Sunday (Jan 7). The project could…
Brazil Going Green Amid US$8bn Local EV Production Plans
Brazil is turning the page toward electric vehicles (EV) with nearly US$8 billion in private sector investments aimed at kicking off the production of new EV models and their components on Brazilian soil. In addition to new EV models from…
Tesla Reported 466,140 Deliveries For The Second Quarter, And Production Of 479,700 Vehicles
The numbers beat analysts’ expectations and indicate that deliveries rose 83% year-over-year for Tesla after Elon Musk’s auto business added manufacturing capacity, and ramped up production at its vehicle assembly plant in Austin, Texas. Tesla groups deliveries into two categories…
Ford Opens Next-Gen EV Factory in Germany
This week, Ford opened its new EV production facility in Cologne. The move is part of the American automaker’s push to make its entire European passenger vehicle lineup all-electric by 2030. Originally opened back in 1930, Ford has spent the…
Ford Unveils High-Tech EV Production Center in Cologne
Ford has ushered in a new age of electric vehicle production with the opening of its Cologne Electric Vehicle Center, a cutting-edge facility in Germany. The hi-tech facility represents a significant shift in Ford’s production capabilities, marking the birth of its next…
EU urges US To Rethink Tax Breaks In Landmark Green Legislation
Brussels is pushing for Washington to rethink “discriminatory” provisions in its new flagship green legislation, as alarm mounts among EU officials that the rules could prompt European companies to move production to the US. Margrethe Vestager, Europe’s competition enforcer, said…
