How EV charging points could be used to help the high street Opinion EVs could help revive our high streets – if we put charging points where people actually go, writes Robin Heap.
Swedish battery maker Northvolt files for bankruptcy Industrials Swedish battery maker Northvolt has filed for bankruptcy after failing to secure funding amid ongoing financial struggles. The company had experienced a series of mounting challenges in recent months as it struggled to hit production targets despite liquidity support from lenders including Goldman Sachs and Blackrock. It had previously sought US Chapter 11 bankruptcy protection [...]
UK new car market stalls as weak consumer confidence bites Transport and infrastructure New car registrations fell by 2.5 per cent in January as weak consumer confidence and a tough economic backdrop delivered a fourth consecutive monthly decline. There were 139,345 new vehicle registrations in January, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT). New registrations for both private and fleet buyers [...]
Tesla’s brand value plummeted in 2024 as Musk splits opinion January 22, 2025 Tesla‘s brand value plummeted in 2024, paving the way for Toyota to claim the top spot as the global auto market’s most valuable brand. According to research from the consulting firm Brand Finance, the US EV maker’s brand value dropped 26 per cent last year to $43bn (£35bn), the second straight year it has fallen. [...]
Nissan supplier to create almost 200 jobs with new £50m EV factory January 16, 2025 A major supplier of Nissan has invested nearly £50m to open a new factory in Sunderland, creating 183 high-skilled jobs for the local region. Jatco, a Japanese firm which makes gearboxes for global automakers, will build electrified powertrains for Nissan’s nearby gigafactory. Situated in Sunderland’s International Advanced Manufacturing Park, the 138,840 sq ft plant is [...]
Ex-Aston Martin CEO: Scrap hybrids, go all in on EV cars January 11, 2025 Our reliance on hybrid is holding us back from real progress. It's time to go all in on EV cars, writes ex-Aston Martin CEO and 'godfather of EVs' Andy Palmer.
Ford boss: UK incentives needed to boost uptake of EVs for net zero November 27, 2024 The automotive industry “urgently” needs government-backed incentives to improve customer uptake of electric vehicles (EVs) or the UK faces missing its net zero targets, the boss of Ford UK has said. Speaking the morning after the government announced a consultation into its EVs sales targets for automakers, Lisa Brankin said the move was welcome but [...]
Tesla shares stall as Musk delivers fewer EVs than expected October 2, 2024 Tesla shares fell over 5.4 per cent on Wednesday after the electric vehicle (EV) company’s third quarter deliveries came in south of expectations. Elon Musk’s company shipped 462,890 EVs in the three months to 30 September, up 6.4 per cent from the previous quarter, making it the first deliveries increase this year for the car maker. However, [...]
A lesson from King Canute for the EV transition: You can’t force hype September 25, 2024 European politicians need to learn a few lessons about demand, writes Paul Ormerod
Chinese EV makers should be barred from UK public contracts over data privacy fears, campaigners warn September 16, 2024 Suppliers suspected of having ties to the Chinese military pose a risk due to the potential for built components to be "weaponised" from overseas.