Porsche scales back battery production plans, shifts Cellforce focus to R&D August 26, 2025 Porsche is reorganising its battery operations in response to slower-than-expected growth in electric vehicle markets, particularly in China and the United States. The company says that its subsidiary Cellforce will end plans to scale up production of high-performance batteries and instead focus on R&D of battery cells and systems.
Four-day week possible VW's Wolfsburg plant June 04, 2025 Because Volkswagen will be restructuring its Wolfsburg plant from 2027 to make way for EV-only production, work weeks may temporarily be only four days long.
Forge Nano’s battery and chip ambitions get $40M boost May 02, 2025 Forge Nano’s total capital investment now exceeds USD 140 million, adding RockCreek to a shareholder roster that includes GM Ventures, Volkswagen, LG Technology Ventures, Hanwha, Mitsui Kinzoku, Sumitomo Corporation of Americas, Air Liquide, Catalus Capital and SBI Investment
Chinese EV maker BYD re-evaluates European strategy in face of resistance April 28, 2025 Executives speaking anonymously revealed that BYD is rethinking how it approaches the European market in the wake of the continent’s resistance to its technology.
Siemens to cut 6,000 jobs in automation, EV charging March 19, 2025 Siemens’s automation business will see around 5,600 job cuts, with Germany accounting for half of those losses. The job cuts in the EV charging business represent 35% of the unit’s workforce.
Volkswagen to recall 60,000 electric cars over display issue March 03, 2025 The issue is reportedly linked to a software glitch that causes some gear positions to be displayed incorrectly.
CATL, Volkswagen to partner on EV batteries February 21, 2025 Volkswagen said the collaboration with CATL will help provide better battery solutions for its customers, support its supply chain and help in meeting the increasing requirements of the EV market.
Toyota Establishes New EV and Battery Production Company in China February 10, 2025 Toyota has announced that it will establish a wholly owned production company in Shanghai to increase its production of EVs and batteries for its Lexus brand.
Scania in last-ditch effort to resuscitate Northvolt February 03, 2025 Each member of Scania’s staff is supposed to be paired with a Northvolt shift manager or team leader to coach teams and drive improvements and implement standards, the Reuters report said.
Rivian claims growing interest in VW joint venture January 27, 2025 U.S. electric pickup and SUV maker says they have had a huge response to the partnership that adds its software and electrical architecture to both parties vehicles.
Volkswagen user data leaked January 03, 2025 Cariad, Volkswagen's software development subsidiary, has unwittingly leaked sensitive user data for electric vehicles from Volkswagen, Audi, Seat and Skoda. The leak included email addresses, phone numbers, location details and car owners' data.
Volkswagen invests $48 million for 9.9% stake in Patriot Battery Metals December 23, 2024 Patriot also signed a supply agreement with Volkswagen’s battery manufacturer, PowerCo, under which it is expected to supply 100,000 tonnes of spodumene concentrate annually for 10 years.
VW recalls 4,600 vehicles over battery overheating concerns December 09, 2024 The recall affects plug-in hybrids such as the 2022-2023 model year Audi Q5 SUVs and 2022 Audi A7 vehicles in the US. The remedy is expected to be available in the second quarter of 2025.
EU, China ‘close to deal’ over EV import tariffs November 25, 2024 In October, the EU decided to raise tariffs on Chinese-built EVs to as much as 45.3% following a high-profile investigation. The move has divided EU countries and sparked retaliation from Beijing.
Ford to cut workforce by 4,000 in Europe and UK November 22, 2024 Of the total, 2,900 jobs would be lost in Germany, 800 in Britain and 300 in other EU countries. Ford has 28,000 employees in Europe and 174,000 worldwide.
Northvolt files for bankruptcy in setback to Europe’s EV ambitions November 22, 2024 Swedish EV battery maker Northvolt said it has only enough cash to support operations for about a week and it had secured USD 100 million in new financing for the bankruptcy process.
Scania in talks with EV battery suppliers, CEO says November 18, 2024 Scania wants half of its vehicle sales to come from electric trucks by 2030. Currently, they make up less than 1% of sales, with the rollout hit by production and delivery problems at Northvolt.
Global EV sales up 35% in October, propelled by China November 15, 2024 Sales of EVs, including fully electric and plug-in hybrids, reached 1.72 million worldwide in October, research firm Rho Motion’s data showed, with sales in China hitting 1.2 million vehicles.
Massive layoffs await at VW – plans to close three plants October 28, 2024 The German automotive giant is planning to shut down at least three factories in Germany, resulting in the layoff of thousands of employees, Reuters reports citing the carmaker's works council.
France plans to cut assistance for EV purchases, raise penalties October 11, 2024 Currently, USD 1.64 billion is allocated to the scheme, which includes a bonus of up to USD 7,634 for an electric vehicle and financing for leasing.
Sweden puts Northvolt’s $1.5 billion funding guarantee on hold October 07, 2024 Northvolt had agreed to a USD 5 billion green loan package with a group of lenders, intended to pay for a planned tripling of its battery-making capacity. This expansion has now been shelved.
After EU imposes hefty EV tariffs on China, fears of a trade war October 07, 2024 The proposed duties of up to 45%, due to be imposed from next month for five years, will cost automakers billions of extra dollars to bring the vehicles into the bloc.
Was there ever a semiconductor shortage? September 24, 2024 On September 19, market analyst Dieter Weiss from in4ma took the stage at the Evertiq Expo in Gothenburg and raised important questions about the semiconductor crisis that plagued the industry a couple of years ago. With a provocative comparison between semiconductors and toilet paper, he challenged the notion of scarcity and shared insights on how artificial demand has affected the European EMS industry.
Redwood Materials partners with BMW of North America September 20, 2024 The battery recycling specialist will recover BMW vehicles' end-of-life lithium-ion cells and take them to its facilities in Reno, Nevada, where it will recycle and refine their critical minerals.
$10 billion chip project in Maharashtra gets government approval September 06, 2024 The fab project is to be jointly set up by India’s Adani Group and Israel’s Tower Semiconductor. However, it requires the approval of the central government.
German cabinet approves EV tax relief amid Volkswagen’s SOS September 04, 2024 The tax breaks will be worth about EUR 465 million (USD 514 million) annually between 2024 and 2028.
Jaguar warns of battery fire risk in older I-Pace electric SUVs September 02, 2024 The I-Pace batteries were reportedly made in Poland by LG Energy Solution, whose products are being probed by the U.S. National Highway Traffic Safety Administration.
The shift toward electrification gains momentum August 28, 2024 Europe’s auto industry is rapidly shifting to electric vehicles as manufacturers race to meet ambitious green targets. With Tesla and Volkswagen leading the charge, the continent is embracing a new era of sustainable mobility.
South Korea officials meet to discuss EV fire safety norms August 12, 2024 The fire on August 1 appears to have started spontaneously in a Mercedes-Benz EV parked below a residential apartment. The blaze damaged 140 cars and took about eight hours to control.
onsemi signs multi-year deal with Volkswagen July 24, 2024 US chip maker onsemi has become the primary supplier of a complete silicon carbide-based power box solution for Volkswagen Group.
Volkswagen to invest $5 billion in Rivian and form JV June 26, 2024 German automotive giant Volkswagen will invest up to USD 5 billion in US electric vehicle manufacturer Rivian. The investment is part of a newly formed, and equally controlled, joint venture aimed at developing next-generation electrical architecture and software technology.
Flex invests €90 million and creates 210 new jobs in Hungary May 30, 2024 EMS provider Flex, who has a history spanning over three decades in Hungary, is investing at its two sites in Zalaegerszeg.