Tag:

electric vehicle

Group14 Technologies selected for $200 mn DOE award to boost silicon battery manufacturing

Group14 Technologies, a leader in silicon battery materials, has been selected for an award negotiation of up to $200 million by the U.S. Department...

Electric Vehicle sales in EU to hit 20-24% market share by 2025 amid lower prices

Battery-electric vehicle (BEV) sales in the European Union are projected to secure a market share of 20-24 percent by 2025, driven by lower prices,...

Stellantis to invest $406 mn in Michigan facilities for EV and hybrid development

Stellantis, the parent company of Chrysler, announced it will invest over $406 million in three Michigan facilities to develop a platform capable of supporting...

Europe to reduce tariffs on Tesla and other Chinese EV makers

The European Union is set to reduce proposed final tariffs on Tesla and slightly lower rates for other Chinese electric vehicle (EV) manufacturers following...

EV traction inverter market surges 24% in Q2, led by hybrid vehicles

TrendForce’s report reveals a strong surge in global installations of EV traction inverters, reaching 6.45 million units in Q2 2024, marking a 24 percent...

Volvo Cars revises 2030 EV goal and CO2 emissions target

Volvo Cars has adjusted its target for electrification by 2030, now aiming for 90 to 100 percent of its global sales to consist of...

BMW recalls electric Mini Cooper SE vehicles due to faulty battery

Automaker BMW has decided to recall electric Mini Cooper SE vehicles worldwide due to faulty battery. The recall of Mini Cooper SE could potentially affect more...

U.S. EV sales forecast lowered to 9% market share amid slower growth

U.S. electric vehicle (EV) sales are projected to capture just 9 percent of the market in 2024, a significant decrease from the previously forecasted...