Friday, 31 January 2025

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FILE PHOTO: View of a Wolfspeed's Silicon Carbide (SiC) Wafer during an event on the future of the decommissioned coal-fired power plant in the Western German Saarland region in Ensdorf, Germany, February 1, 2023. REUTERS/Thilo Schmuelgen/File
AutomotiveBusinessElectric Vehicles (EVs)FinanceManufacturingNews

EV chipmaker Wolfspeed set to receive $750 million US chips grant

Wolfspeed, which has clients including GM and Mercedes, makes silicon carbide chips for efficiently transmitting EV battery power to motors.

FILE PHOTO: Chairman of the Board of Management of BMW AG Oliver Zipse attends an event at the Auto Shanghai show, in Shanghai, China April 18, 2023. REUTERS/Aly Song/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FuelIndustryLegislationLiquefied Petroleum GasNewsPoliticsRegulationsTrade

BMW CEO: Europe must cancel petrol engine ban to reduce reliance on China

BMW CEO Oliver Zipse urges Europe to reconsider its 2035 ban on new fossil fuel cars to reduce reliance on China’s battery supply.

FILE PHOTO: LG Energy Solution's logo is pictured on a smartphone in front of their web site displayed in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsRegulationsTrade

LG Energy Solution signs two battery supply deals with Ford

South Korea's LG Energy Solution said on Tuesday that it has signed two contracts to supply electric vehicle batteries to the Ford Motor...

FILE PHOTO: EV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. REUTERS/Chalinee Thirasupa//File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)IndustryManufacturingNewsTrade

Global EV sales up 30.5% in September as China shines, Europe recuperates

Global sales of electric and plug-in hybrid vehicles grew 30.5 per cent in September, with China surpassing August records, per Rho Motion.

The Alpine Alpenglow Hy6 prototype car is displayed on media day at the 2024 Paris Auto Show in Paris, France, October 14, 2024. REUTERS/Benoit Tessier
AutomotiveBusinessElectric Vehicles (EVs)News

China-Europe rivalry heats up at Paris car show as EV tariffs loom

Chinese and European automakers clashed at the Paris car show as the EU plans tariffs on Chinese EVs amid weak demand.

A new Symbioz E-Tech hybrid car by French manufacturer Renault is seen in Boulogne-Billancourt, near Paris, October 11, 2024. REUTERS/Christian Hartmann
AutomotiveElectric Vehicles (EVs)ManufacturingNews

Low-cost hybrid tech gives Renault breathing space in tough EV transition

Renault CEO Luca de Meo’s low-cost gearbox boosts the brand's position in Europe’s hybrid car market.

Toronto city council has taken a step toward banning misleading fossil fuel advertising on city property, building on recent federal anti-greenwashing rules and a similar proposal approved by the city's transit agency.The Toronto sign in Nathan Phillips Square is shown at city hall in Toronto on Thursday, Sept. 30, 2021. THE CANADIAN PRESS/Evan Buhler
ClimateElectric Vehicles (EVs)EmissionsIndustryInfrastructureLegislationNatural GasNewsOilPoliticsRegulations

Toronto takes step toward ban on misleading fossil fuel ads, following TTC move

Toronto moves toward banning misleading fossil fuel ads on city property, aligning with federal anti-greenwashing regulations.

Tesla's robotaxi is displayed at an unveiling event in Los Angeles, California, U.S. October 10, 2024,  in this still image taken from a video. Tesla/Handout via REUTERS
BusinessElectric Vehicles (EVs)IndustryManufacturingOpinion

‘Lot of sci-fi smoke and mirrors’: Investors, experts react to Tesla’s robotaxi unveil

Tesla's robotaxi reveal, featuring gull-wing doors and no steering wheel, disappointed investors with few details on production and plans.

FILE PHOTO: A view of the logo of German carmaker Volkswagen at the Volkswagen plant in Osnabrueck, Germany October 7, 2024. REUTERS/Thilo Schmuelgen/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceIndustryManufacturingNewsRegulationsTrade

Moody’s downgrades Volkswagen outlook to ‘negative’ due to operating weakness

Moody's cuts Volkswagen's outlook to "negative" citing weak performance, low volume growth, and restructuring challenges ahead.

FILE PHOTO: Stellantis CEO Carlos Tavares inaugurates the group's electrified dual-clutch transmission (eDCT) assembly facility in the Mirafiori complex in Turin, Italy, April 10,2024. REUTERS/Massimo Pinca/File Photo
AutomotiveBusinessElectric Vehicles (EVs)IndustryManufacturingNews

Stellantis CEO says EU carbon rules are pushing industry costs up by 40%

Stellantis CEO Carlos Tavares noted EU carbon rules are raising auto industry costs as customers avoid pricey EVs.

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