Battery and Components
Northvolt CEO quits on tumble into administration
Troubled battery maker files for Chapter 11 protection in the US
Mercedes
Mercedes is a German producer of passenger and light commercial vehicles. The Mercedes-Benz brand is iconic and synonymous with luxury, producing a full range of passenger vehicles Mercedes is moving quickly towards Electric formats, with over 120% YonY growth, and EV's representing 11% of sales in H1 2023. https://www.mercedes-benz.com/en/
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Mercedes
ACC secures funding for three European gigafactories
The JV will add 80GWh to Europe's battery capacity with one of the largest financing rounds in industry history
Vehicle Sales
Broadening EV competition in California sees Tesla lose ground
A surge from German brands sees pack gaining market share
Mercedes
Mercedes joins 70pc BEV growth club
But Audi lags behind with only a 50pc year-on-year increase in BEV sales
Mercedes
Mercedes to extend footing of lost German EV incentives bill
Legacy OEM announces an extension to its scheme to cover the cost of withdrawn federal subsidies
Battery and Components
EU OEMs must do more on supply chains – NGO
Firms need to look at access to both primary metals and processed battery materials
Charging and Grid
BMW and Mercedes team up on Chinese charging
The two German OEMS will collaborate on building out premium network with customer perks
Charging and Grid
Mercedes opens first European fast-charging site
Mannheim is first location on its home continent ahead of further global expansion in 2024
Charging and Grid
Mercedes opens first North American charging station
Joint venture with MN8 aims to install 400 charging hubs across the US
Vehicle Sales
German brands plant BEV flag in California
Pure plays and legacy OEMs gain some ground on Tesla, but German firms the big winners
Corporate Strategy
Mercedes bemoans ‘brutal’ EV competition
The German OEM will rely on its ICE business to tide it over until the market’s next phase
Vehicle Sales
Tesla US market share squeezed again in record quarter
Competition increasing as dominant player sells just half of all new BEVs
Vehicle Sales
Mercedes BEV growth stutters
Increasing quarter-on-quarter sales trend grinds almost to a halt