Volvo insists ‘future is electric’ despite ditching 2030 EV-only target September 4, 2024 Volvo said it would now look for 90 to 100 per cent of its total sales to be either fully electric or plug-in hybrid by the end of the decade.
Jaguar Land Rover and Porsche supplier almost triples sales August 21, 2024 Andersen EV, an electric charging start-up which supplies the likes of Jaguar Land Rover and Porsche, almost tripled its sales during its latest financial year. The Bedfordshire-headquartered company, which was formerly known as Evios, has reported a turnover of £3.7m for the year to 31 March, 2024, up from the £1.3m it reported in the [...]
Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
TI Fluid’s shares spike as firm outperforms soft EV market August 8, 2024 Shares at automotive components manufacturer TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised margin guidance and outperformed a weak market. Revenue at the FTSE-250 listed firm, which designs and manufactures thermal management and fluid handling systems, declined by 1.4 per cent at constant currency in the six months ended [...]
TVL makes ‘strides’ in securing £19.5m investment for refinery set to power UK’s EV boom August 5, 2024 The company behind Tees Valley Lithium (TVL) said it is making "significant strides" in securing up to $25m (£19.5m) in funding for its Wilton refinery project.
Chinese carmaker Geely injects £120m into London black cab maker August 4, 2024 The cash is being used to produce a new electric car platform to underpin one of LEVC's new electric taxi models.
Election 2024: Labour to reinstate 2030 ban on new petrol and diesel car sales June 13, 2024 The party said this would provide "certainty to manufacturers" and "support the transition to electric vehicles."
Volkswagen boss: The EV sales slump is ‘not the end of the world’ May 8, 2024 A recent slump in electric vehicle sales shouldn't concern the automotive sector, VW's brand chief Thomas Schäfer has said.
EV delivery firm Packfleet branded ‘disgusting’ for plans to sack 30 drivers and replace them with gig economy contracts May 8, 2024 EV courier Packfleet has informed workers of plans to sack 30 employed drivers and force them to become self-employed, City A.M. understands.
Ti Fluids reports lower sales on electric vehicle headwinds May 2, 2024 Revenue in Europe and the Middle East rose by 4.2 per cent, although total revenue was dragged down by a 10.8 per cent fall in the Asia Pacific region and a 3.4 per cent fall in the Americas.