Porsche AG
A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their […]
Read More
Volkswagen in concrete conversations more than car or truck partnerships in India
The logo of German motor vehicle big Volkswagen (VW) is found on a Volkswagen ID Buzz van during the company’s yearly push meeting to present the business report, on March 14, 2023 in Berlin. Odd Andersen | AFP | Getty Visuals Volkswagen is in concrete talks about partnering up on passenger vehicle output in India, […]
Read More
Porsche warns of tumble in profitability but hikes dividend on sturdy 2023 effects
The Porsche Mission X on show at the IAA Mobility 2023 demonstrate in Munich, Germany. Arjun Kharpal | CNBC Porsche on Tuesday warned that profitability will decrease this 12 months as it launches new products amid rough financial situations, but hiked its dividend on the back again of a increase in 2023 working earnings. The […]
Read More
BYD is set to beat Tesla for a second straight year after producing more than 3 million cars in 2023
BYD launched the BYD Seal in Europe at the IAA auto show in Munich, Germany. The electric sedan has a starting price of 44,900 euros ($48,479). Arjun Kharpal | CNBC BEIJING — BYD said Monday it produced more than 3 million new energy vehicles in 2023, putting the Chinese electric car giant on track to […]
Read More
Tesla rival Polestar ideas possess smartphone launch along with its very first electric car or truck in China
A Polestar 4 electrical SUV is on show through the 20th Shanghai Intercontinental Automobile Field Exhibition at the Nationwide Exhibition and Conference Middle (Shanghai) on April 18, 2023 in Shanghai, China. Vcg | Visible China Team | Getty Illustrations or photos Launching smartphones with EVs Meizu is not a big smartphone participant in China with […]
Read More
Tesla created secret team to suppress thousands of driving range complaints
The dashboard display of Tesla Motors Inc.’s Model S electric car displays battery status and range during at a North American International Auto Show in Detroit, Michigan. Daniel Acker | Bloomberg | Getty Images In March, Alexandre Ponsin set out on a family road trip from Colorado to California in his newly purchased Tesla, a […]
Read More
Volkswagen defends China document at turbulent shareholder meeting
A protester retains up a banner looking through “VW = Forced Labor” at the Volkswagen AG once-a-year normal assembly (AGM) in the CityCube Berlin conference centre in Berlin, Germany, on Wednesday, May perhaps 10, 2023. Krisztian Bocsi | Bloomberg | Getty Photographs Volkswagen defended its document in China and its choice to jointly very own […]
Read More
Why Porsche is investing $100 million on eFuels to retain its cars and trucks on the street
Porsche’s bestselling automobiles currently are SUVs, a significantly cry from what the luxury model developed its popularity on — compact, nimble and, previously mentioned all, exclusive rear-motor sporting activities cars and trucks like the 911. Now the renowned German automaker is confronted with the obstacle of how to retain a link to its illustrious heritage, […]
Read More
Why Porsche, Mercedes and GM are betting on silicon-anode batteries
Lithium-ion battery performance has hit a plateau in current many years, but a breakthrough in engineering claims new heights are before long to be in sight. Batteries produced with silicon alternatively of graphite — the typically utilized material in battery anodes now — have been shown to empower drastically higher power density and quicker charging. […]
Read More
Goldman Sachs just turned bearish on BMW and other individuals — and Tesla could be to blame
Goldman Sachs has warned that European automakers are at danger of dropping market share to Tesla and Chinese companies. The financial commitment bank’s pessimistic look at came as it downgraded BMW from acquire to neutral and Volvo Automobiles from neutral to provide, whilst upgrading Ferrari from provide to neutral. Goldman also lifted the price goal […]
Read More