electriccars
Paving the way is a €650million investment that’s already seen construction begin on a new assembly line and body shop; space was freed up when internal combustion engine production halted in 2023, moving overseas to other BMW facilities. “Munich is the beating heart of BMW,” says Plant Munich director Peter Weber. “We are delighted to be guiding the Munich plant into a fully electric future, starting with the Neue Klasse sedan.” BMW’s Neue Klasse philosophy kickstarted its mainstream car range in the 1960s and is being reinvented for the electric era with the launch of six new models in two y...
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After meetings in France and Serbia, Xi will travel to Hungary to meet with President Viktor Orbán and talk cars, among other economic issues. China regards Hungary as one of its closest European partners. Beijing has invested heavily in electric vehicle factories. In 2022, Chinese-made electric cars accounted for just under 4 percent of the European market, compared with just 1.4 percent in 2019. The spike prompted an investigation by the European Commission to find out whether Chinese state subsidies are artificially deflating prices to the detriment of European manufacturers. It has until J...
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Shares in Aston Martin plunged by as much as 14% on Wednesday after the struggling luxury carmaker revealed worse than expected first quarter losses. The company said it had sunk £139m (€162.52m) into the red during the first three months of the year, as losses rose almost 90% compared to £74m a year ago. This stemmed from a 10% fall in overall sales to £268m, largely fuelled by a 63% drop in the number of SUVs sold. The results come after the executive chairman of the car maker, Lawrence Stroll, criticised the UK Government’s net zero ban on petrol cars. 'I design James Bond’s car': meet Asto...
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Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital on Sunday, coinciding with carmakers showcasing their latest electric vehicles at the Beijing auto show. During a meeting with Musk, Chinese Premier Li Qiang expressed his hope for increased "win-win" cooperation between the US and China, citing Tesla's operations in China as a prime example of successful economic collaboration, according to China's state broadcaster CCTV. Musk posted a photo of himself and Qiang on X, saying "We have known each other now for many years, since early Shanghai days". For Chin...
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Incredible technological advancements have been made in autonomous vehicles, from the integration of Light Detection and Ranging (LiDAR) technology to advancements in AI and machine learning, that promise a transformative impact for the automotive industry. Yet, despite their clear benefits — greater cost-efficiency, less traffic congestion, and lower carbon emissions — widespread adoption of autonomous technology remains elusive. If history is our guide, we risk repeating the same missteps with autonomous driving as with electric transportation. For a century, the technology for electric vehi...
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Global automakers and electric vehicle (EV) startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for new-energy vehicles – a trend that Europe's car manufacturing giants are struggling to keep up with. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Chinese EV makers have been expanding rapidly into overseas ...
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Europe is not yet on track with its energy transition goals, but it is best positioned to succeed in reaching them, according to French multinational energy management company Schneider Electric. In order for Europe to reach climate neutrality by 2050, it needs to carry out its energy transition through increasing its contribution of renewables and the phasing out of fossil fuels. But the energy crisis that followed Russia's invasion of Ukraine in 2022 led to a setback in the continent's achievements and higher emissions. Talking to Euronews Business at the company's recent innovation summit i...
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In an unusual move, EU auditors have warned the EU’s industrial sovereignty is at risk if it sticks to a de facto 2035 ban on petrol and diesel cars without addressing its dependency on overseas suppliers for raw materials and batteries needed to produce electric vehicles. Recent revision of CO2 standards for cars and vans sets the tailpipe emissions limit to zero from 2035, the end point of 15 years to date of increasingly stringent emissions standards. “Has this contributed to reducing vehicles’ real world emissions in line with the EU’s green ambitions?” asked ECA member Nikolaos Milionis. ...
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Tesla is to cut the price of some of its cars in an effort to combat declining sales and growing competition. Prices will be reduced in Germany - Tesla's biggest European market - and elsewhere in Europe as well as the Middle East and Africa, the company has revealed. In Germany, the cost of the Model 3 rear wheel drive will fall from €42,990 to €40,990. The news comes after the world's largest EV maker cut around a third off the price of its "Full Self Driving" system - which is not a self-drive which means drivers must remain alert and be ready to intervene - to $8,000 (€7,505) from $12,000 ...
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Not only have electric cars been affected, but car sales in the EU witnessed a 5.2% drop compared to last year in March, marking the largest decline since July 2022 and the first for this year, as reported by the European Automobile Manufacturers’ Association (ACEA). The decline involved key markets, including Germany (-6.2%), Spain (-4.7%), Italy (-3.7%), and France (-1.5%). The fall has been attributed to a downturn in the market and the timing of the Easter holidays which had a negative impact on sales. In March, within the car industry, which generates €392.2 billion in tax revenue for Eur...
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