First Automotive Works (FAW) Group Co., Ltd., China’s leading automaker, sold 314,454 vehicles in August, up 14 percent year on year.
Delivery fleet operators face regulatory pressure in California and other states to buy electric vehicles, but a surge in package deliveries thanks to coronavirus lockdowns has major firms itching to switch to electric right now.
Steel companies rely on coal for heating their blast furnaces but face pressure to shift toward renewable energy sources such as hydrogen as a way to cut their carbon emissions.
German car and industrial supplier Schaeffler said Wednesday that it will cut 4,400 jobs due to the impact of the coronavirus on the automotive sector.
Elon Musk and Volkswagen’s chairman may have a friendly relationship, but another executive at the German auto giant wants to be clear that Tesla is still a major competitor.
Moody’s Investors Service said Tuesday that vehicle sales are expected to recover in the next one and a half years after hitting bottom this year due to the coronavirus pandemic.
The first factory producing electric car batteries in Slovakia will be located in Voderady (Trnava Region).
Nearly half of the UK public say they will never buy an electric car because of a lack of charging points.
If you believe a recent study by the German Economic Institute (IW), the best years for the country’s carmakers have passed, and the all-important auto sector “will fail as an engine of growth” amid the coronavirus crisis.
General Motors Co Chief Executive Mary Barra has reeled off two significant deals in the past week in response to investor concerns the No. 1 U.S. automaker is stuck in neutral while Tesla Inc and other electric vehicle makers are leaving legacy automakers behind.