Battery and Components
Norwegian battery materials firm seals GM deal
Another step in the US building out ‘China-free’ battery supply chains
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Battery and Components
Electra receives extension to avoid delisting
Canadian battery supply chain firm given September deadline to remain listed on Nasdaq
Renault-Volvo e-van JV gets the greenlight
New company called Flexis SAS will produce logistics vehicle in France from 2026
Policy and Regulation
UK EV adoption at risk of slowing without further incentives – report
But EV mandate pushback has not dented the public's appetite to go electric
BMW
BMW targets ICE margin parity with Neue Klasse
Firm eyes 2025 profitability parity while issuing bullish industry demand outlook
Vehicle Sales
European BEVs post double digit growth
Growth figures withstands German decline with smaller markets tipping the scales
Corporate Strategy
Xpeng to launch new affordable EV brand
Xpeng says it will be the first to combine affordability with high-level technological capability
Corporate Strategy
Xpeng expects software revenue from VW JV this year
Firm remains tight-lipped on details of hardware and manufacturing collaboration
Charging and Grid
UK approves $185mn in charging funding
Levi scheme will fund 44 local authorities to plan and procure charger deployment independently
Corporate Strategy
Audi launches Q6 E-Tron
German premium brand brings e-SUV to market after two-year delay
Corporate Strategy
Fisker pauses production to limit cash burn
Struggling automaker says inventory value now exceeds $200mn
Vehicle Sales
Volvo Trucks bolsters order book
Gothenburg-based firm will supply 100 class 8 electric trucks to shipping firm DFDS
Vehicle Sales
Rivian receives 68,000 R2 reservations
R2 reservations outstrip firm's 2023 production capacity in under 24 hours