The European automotive supply industry, a vital pillar of the EU economy, is confronted with volatility and uncertainty from both their customers and upstream suppliers. Despite facing substantial headwinds, industry players maintain a cautious optimism, navigating through challenges and strategising for transformation. High levels of uncertainty surrounding new projects and EV demand in … [Read more...]
Newslines 2 January
China's biggest electric car maker in the world, BYD, announced the next stage of its European strategy with the construction of a massive manufacturing and production centre in Szeged, Hungary. The state-of-the-art facility will be the first of its kind built by a Chinese automotive company in Europe and will have a highly advanced car production line as it gradually ramps up manufacturing and … [Read more...]
Tradelines 15 November
A new fully electric premium MPV, the Volvo EM90 with a range of about 450 miles, will broaden the appeal of the brand and meets even more customer needs. Following the reveal of the already award-winning and fully electric EX30 small SUV earlier this year, the EM90 represents the second expansion with more space and features and will initially be launched in China. Plates4Less, a Swansea … [Read more...]
Newslines 3 November
Mid and West Wales has the lowest ratio of car thefts to population in Britain, said Go.Compare. Its analysis of crime data reveals Dyfed-Powys police marked up just 0.49 thefts per 1,000 registered cars compared to the highest of 12.67 per thousand in Cleveland, with the Ford Fiesta the most stolen model. Around 60,000 vehicle owners a day are paying the £12.50 fee for entering London’s … [Read more...]
Tradelines 18 October
Honda Motor and Japanese trading house Mitsubishi Corporation will join forces to explore new business opportunities in the electric vehicle battery segment, according to local reports. The news came shortly after Toyota announced an alliance with Japanese energy group Idemitsu Kosan to develop solid state batteries for EVs, reports GlobalData. Sinclair Jaguar Land Rover has relocated its … [Read more...]
Oil is not in short supply, says environmental group
Since the EU imposed sanctions on Russia, there has been a redrawing of the global oil map, according to a new study . Instead of cutting demand, Europe has simply replaced imports from Russia with oil from other producing countries. Transport & Environment (T&E), who carried out the study, says the EU is missing a historic opportunity to cut oil consumption and reduce the continent’s … [Read more...]
Europe in the slow lane of ‘green revolution’
Europe will dramatically drop behind America and China in the “green revolution”, said environmental group Transport & Environment. European Commission president Ursula von der Leyen said last year that she would create a new European Sovereignty Fund to help EU companies compete with president Biden’s Inflation Reduction Act (IRA). But whereas the US is pumping $369bn (€340 bn) into key … [Read more...]
Newslines 23 June
All the EU’s four largest car markets grew, with the strongest gains in Italy (+23.1%), Germany (+19.2%), and France (+14.8%). From January to May 2023, the EU car market grew by 18%, to 4.4 million registered cars and BEVs jumped to 13.8% to 129,847 models. About 210,000 people will attend Glastonbury Festival this week, with nearly all arriving by road. Motoring organisations are advising … [Read more...]
Tradelines 17 May
Chinese emerging car maker BYD grew production by an astonishing 211% last year to overtake Tesla and is well placed to begin European assembly, reports StockApps. com. As the car maker prepares to build over 2M EVs this year, StockApps financial analyst Edith Reads said, “BYD’s success is attributed to several factors, including China’s increasing focus on electric vehicles, the company’s … [Read more...]
Britons love Chinese drive away evs
China is becoming a major exporter of electric cars to Europe and Britain. Exports of electric vehicles from China more than doubled in November, creating a monthly record, mostly fueled by European automakers who have set up factories in the country. Car manufacturers in China exported $3.2 billion worth of electric vehicles in November, up 165 percent from a year ago to reach the highest-ever … [Read more...]