VOLKSWAGEN EVS
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union imposed provisional duties of up to 38 per cent on Chinese electric car imports due to alleged unfair state subsidies, sparking concerns of a trade war. The move was criticised by China as "politically motivated" and "protectionist." European countries are divided on the issue, with Germany fearing harm to its auto industry. Talks with China continue, with hopes for a negotiated solution to avoid escalating tensions.
Rivian jumps 36% as $5 bln Volkswagen investment signals 'vote of confidence'
The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive stance in a market led by Tesla. As part of the agreement, Rivian will establish a joint venture with Volkswagen that is equally managed by both companies. This partnership will involve sharing electric vehicle architecture and software, which could later be utilized by Volkswagen's brands such as Audi, Porsche, and Lamborghini.
Explainer: What's behind Volkswagen's USD 5 billion EV software bet on Rivian?
The tie-up is the latest in a string of deals by Volkswagen Chief Executive Oliver Blume, who took over in September 2022 after the ousting of Herbert Diess. Shifting from combustion engine to electric cars requires expertise in areas where historically Volkswagen has little experience, from charging to batteries to software.
From $25,000 to $2.5 million in one day. How a man earns 100 times his investment overnight? Insider trading or market sentiment?
Was there some foul play like insider trading involving Rivian’s stock or the sentiment was so high that it resulted in a mind-blowing gain? Know in detail.
‘Father’ of China EV industry calls for investment talks with EU
The panic coming from the EU is caused partly by the fact that Chinese foreign investment hasn’t kept up with the pace of exports, Wan Gang said. One way to improve relations would be to resume talks on the Comprehensive Agreement on Investment, he said.
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
Rivian secures vital funding through Volkswagen's investment, enabling the launch of new EV models. The partnership signifies a significant step towards technological advancement and financial sustainability in the competitive electric vehicle market.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
How China's EV makers aim to beat Tesla, legacy automakers in Europe
Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market.
Volkswagen plans cheaper battery model 'from Europe for Europe'
Volkswagen has announced plans for a cheaper electric model, priced around 20,000 euros ($21,800), to be introduced in 2027. The model will offer entry-level electric mobility from Europe for Europe. Volkswagen also plans to unveil a range of battery-powered cars for under 25,000 euros by the end of 2025, including two compact cars from its VW and Cupra brands, as well as two small SUVs from VW and Skoda.
Slowing EV sales are upending banker climate strategies
The global electric vehicle market faces challenges as China leads in EV development, impacting sales in Europe and US. Policy interventions are expected due to China's dominance and US tariff increases on Chinese imports.
Volkswagen delays ID.7 EV launch in US, Canada
Volkswagen delays ID.7 sedan launch in U.S. and Canada, no set timeline. Automakers reevaluate EV strategies amid demand slowdown. VW committed to 25 EVs in North America by 2030, open to adjustments. Reported by Nathan Gomes in Bengaluru, edited by Sriraj Kalluvila.
Volkswagen and Renault pull plug on electric Twingo, Renault says
Volkswagen has abandoned discussions with Renault on collaborating to create a low-cost electric car, Twingo. The move hampers EU automakers' attempts to compete against Chinese counterparts with more economical vehicles. As a result, Volkswagen will pursue independent development of its budget-friendly EV, while Renault presses on with its electric Twingo slated for a 2026 release.
Few Chinese electric cars are sold in U.S., but industry fears a flood
American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in electric vehicle and battery manufacturing facilities in the United States.
EU tariffs on Chinese EVs could backfire, German car bosses warn
The European Commission, which oversees trade policy in the 27-nation European Union, launched an investigation in October into whether fully-electric cars manufactured in China were receiving distortive subsidies and warranted extra tariffs.
China's electric cars keep improving, a worry for rivals elsewhere
Chinese automakers are leading in electric car innovation, introducing larger, technologically advanced models. With plans to launch 71 new battery electric models, features include taller hoods, bigger tires, and spacious interiors. China's advancements in self-driving technology and battery efficiency are reshaping the global automotive landscape, challenging traditional manufacturers.
Nissan says it will make next-generation EV batteries by 2028
Solid-state batteries, which replace the corrosive liquids found in conventional batteries with solid metals, are widely seen as the next step for EVs, and leading automakers are racing to develop versions that can be mass produced. Rivals like Volkswagen and Toyota have also announced efforts to produce solid-state EVs, with Toyota setting a date of 2027-28 to begin bringing them to market.
5% GST benefit should only be for smaller EVs; don't extend it to bigger cars: Skoda Auto India
If the said benefit is extended to all EVs -- including bigger and expensive ones -- it will put the exchequer and govt finances under pressure, the report quoted Petr Janeba, the brand director for Skoda in India, as saying.
BYD takes fight to EV laggards with China price cuts
Data from car portal 16888.com analysed by Bloomberg shows BYD has cut prices of more than 100 model versions compared with December, and relaunched a further 70 model trims with lower prices. About the only unaffected models come from its launched Yangwang brand, including its newly unveiled supercar, which goes for 1.68 million yuan ($233,000).
Volkswagen unveils ID.4 EV and revamped Taigun lineup
Volkswagen India has introduced several new products at its annual brand conference, including the GT Plus Sport and GT Line variants for the Taigun SUV and the ID.4 electric vehicle. The Taigun SUV has undergone a line structure revamp and now offers three trims: 'GT Edge', 'Chrome', and 'Sport'. The GT Plus Sport variant of the Taigun comes with significant cosmetic and interior upgrades, while Volkswagen also unveiled a sportier concept for the Virtus sedan and showcased the ID.4 EV in India for the first time.
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