Fears grow over wave of cheap Chinese EVs as German carmakers slash production
China's BYD will buy its German distributor Hedin Electric Mobility, BYD and Hedin said on Friday, as BYD moves to establish itself as a major electric vehicle maker in Europe.
for electric vehicles. “Nobody believed in it,” the Vitesco CEO said, underscoring just... “It only changed about two years ago.” It has been a brutal few years for the German car...
Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany, data from Europe's auto industry body showed on Thursday.
German car sales are lagging the recovery in the global passenger car market, with 2024 sales expected to be 25% below pre-pandemic levels, data from German auto association VDA showed on Tuesday.
German car making giant Volkswagen (VW) says it will invest up to $5bn (£3.94bn) in Tesla... The deal creates a joint venture that will allow VW and the US-based electric vehicle (EV)...
Mercedes is backing away from its electric car plans as slower than expected sales have taken the company by surprise.
Notable increases were observed in top markets such as France (+14.5%) and Spain (+10.6%). In contrast, the German car market declined by a significant 23% in December. In 2023, the EU car market concluded with a solid 13.9% expansion compared to 2022, reaching a full-year volume of 10.5 million units. All EU markets grew in the past year except for Hungary (-3.4%). Double-digit gains were recorded in most markets, including three of the largest: Italy (+18.9%), Spain (+16.7%), and France (+16.1...
Software issues are delaying electric car production by Volkswagen. That in turn is placing the EV revolution at risk.
An electric car drove from Munich in southern Germany to Berlin without recharging its battery on Tuesday, setting what organisers hailed as a new world distance record for an everyday vehicle.