In a significant development, the Volkswagen Group intends to more than double the market share of the VW brand in the fully electric vehicles market in Europe by 2030. The development marks an acceleration in the carmaker’s shift towards battery-powered cars. “Fully electric vehicles are expected to account for more than 70% of total European…
On Thursday, in a joint statement, South Korea’s Hyundai Group and its sister firm Kia Motors Corp stated, they are backing a UK electric vehicle startup that plans on selling battery-powered delivery vans in 2021. They plan on investing $110 million (100 million euros) in Uk-based Arrival Ltd. Founded in 2015, London-based Arrival has developed…
Of the total car sales in Norway last month, 35.7% were electric. On Friday, registration data from Norway showed, the adoption rate of Audi’s fully-electric e-tron sports utility vehicle saw a new high last month, with the German carmaker gaining 8.3% in market share. According to the Norwegian Road Federation, Audi delivered 873 electric SUVs…
Given that Infineon’s high-performance power chips have an ubiquitous usage, the chipmaker has a bright future despite small road bumps. On Tuesday, German chipmaker Infineon Technologies AG stated, a slump in demand which had led to increased inventory levels is likely to plateau only this summer; this means that till then its profit margins will…
“The game has started,” – Mark Llistosella, Daimler Trucks’ Asia chief. In what is slated to be another milestone in the transportation industry, Daimler AG stated that its new battery powered eCanter truck will be commercially used by United Parcel Service Inc, its first U.S. commercial customer for its battery-powered eCanter truck. Daimler has stated…
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