Saturday, 22 February 2025

Focus on Volkswagen Group

FILE PHOTO: United States Secretary of Commerce Gina M. Raimondo attends Day one of the Democratic National Convention (DNC) in Chicago, Illinois, U.S., August 19, 2024. REUTERS/Mike Segar/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsPoliticsTrade

US to finalize Chinese vehicle crackdown rules next week, Raimondo says

The proposal issued in September would make software prohibitions effective in the 2027 model year. The hardware ban would take effect in 2029.

Lamborghini is moving towards making only hybrid vehicles, taking its time before coming out with fully electric vehicles (AFP)
AutomotiveBusinessElectric Vehicles (EVs)IndustryNews

Lamborghini sets new sales record amidst hybrid push

Lamborghini sets 2024 sales record, up six per cent, driven by hybrids like Revuelto and demand across key global markets.

FILE PHOTO: A Volkswagen ID.5 electric car is displayed at a showroom of a car dealer in Reze near Nantes, France, November 13, 2023. REUTERS/Stephane Mahe/File Photo
AutomotiveElectric Vehicles (EVs)NewsTransport

Volkswagen brand deliveries fall 1.4% in 2024

Battery-electric vehicle sales came to just over 383,000, down from 394,000 last year, amid a regional slump in EV demand.

FILE PHOTO: Logo of Hyundai Motor Group on a car outside an automobile showroom is pictured in New Delhi, India, September 6, 2024. REUTERS/Ainnie Arif/File Photo
AutomotiveBusinessElectric Vehicles (EVs)HydrogenIndustryManufacturingNews

Hyundai Motor Group to invest record $16.7 billion in South Korea this year

Hyundai Motor Group plans a record $16.7 billion investment in South Korea, focusing on EVs, R&D, and growth.

FILE PHOTO: A logo is displayed on battery maker Northvolt's energy storage system plant in Gdansk, Poland,  October 21, 2024. REUTERS/Marie Mannes/File Photo
BusinessEconomyElectric Vehicles (EVs)FinanceNews

Northvolt owners vote to stay operating while seeking financial rescue

Northvolt shareholders back restructuring as Swedish battery maker seeks $1B funding to overcome financial struggles.

Thomas von der Ohe, CEO and Co-Founder of Vay Technology, stands for a portrait with a remote driving Kia. Over the last year, riders in Las Vegas have been able to test drive the vehicle (AFP)
News

Invisible man: German startup bets on remote driver

German startup Vay offers low-cost remote driving rides in Las Vegas, blending human control with robotaxi tech to disrupt transport.

FILE PHOTO: A Ford Fusion hybrid, Level 4 autonomous vehicle, used by Ford Motor and Domino's Pizza to test a self-driving pizza delivery car in Michigan, is displayed during Press Days of the North American International Auto Show at Cobo Center in Detroit, Michigan, U.S., January 16, 2018. REUTERS/Rebecca Cook/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)FinanceIndustryInfrastructureManufacturingNewsPoliticsRegulationsTrade

US self-driving car companies seek boost under Trump

Autonomous vehicle firms urge U.S. to lead on AV adoption, citing regulatory delays and competition from China.

A BYD SEAL car by Chinese car manufacturer BYD is on display at Germany's Essen Motor Show on December 4, 2024 (AFP)
AnalysisBusinessEconomyElectric Vehicles (EVs)

‘Lost year’: Germany electric car sales go into reverse

Germany's EV sales plummeted 27.4 per cent in 2024, with 380,609 registrations, amid subsidy cuts and high prices, marking a lost year.

FILE PHOTO: A view shows a second-generation R1S at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
BusinessElectric Vehicles (EVs)NewsTransport

EV maker Rivian beats expectations for deliveries as supply snag eases

Shares of the California-based company rose nearly 6% in premarket trading. The stock lost more than 40% of its value in 2024.

An electric car drives down a street in Oslo, Norway, December 11, 2024. REUTERS/Leonhard Foeger
News

In Norway, nearly all new cars sold in 2024 were fully electric

Fully electric vehicles accounted for 88.9% of new cars sold in 2024, up from 82.4% in 2023.

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