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Volvo

Volvo Launches World’s First EV Battery Passport Ahead of EU Regulations

In a groundbreaking move, Volvo Cars is set to introduce the world’s first electric vehicle (EV) battery passport for its flagship EX90 SUV, which is about to enter production. The Swedish automaker, owned by China’s Geely, developed the passport in collaboration with UK startup Circulor, utilizing blockchain technology to map supply chains, reports Reuters. Pioneering…

Ford's Electric Leap: A Record-breaking 14% Rise in EV Sales in Q3 2023
Ford

Electric Cars Becoming More Affordable as Prices Plummet

Increased Competition, Lower Costs, and Tax Credits Drive Down Prices Electric vehicles (EVs) are becoming more accessible to a wider range of consumers as prices fall due to increased competition, lower raw material costs, and more efficient manufacturing. Federal tax credits of up to $7,500 for new EVs, combined with state incentives, are pushing prices…

Jeep's Electrifying Success in Europe: Avenger EV Surges with Over 40,000 Reservations
China

Automakers Deepen China Ties Despite Trade War

US and EU Throw Up Roadblocks, but Automakers Grow Closer to China The US and Europe are erecting barriers to keep Chinese cars out of their markets, but at the corporate level, automakers are growing ever closer to China. President Biden’s quadrupling of tariffs on Chinese EV imports and the EU’s probe into Chinese EV…

EV Prices Set to Drop in 2024, Offering More Affordable Green Options
Tesla

Tesla Defends Musk’s $56B Pay as ISS Urges Rejection

Tesla is standing by CEO Elon Musk’s $56 billion pay package, arguing it motivated him to create “tremendous value” for shareholders. This comes after top proxy advisory firm Institutional Shareholder Services (ISS) recommended shareholders vote against the proposal, calling it “excessive.” ISS Recommendation and Tesla’s Response According to Reuters, ISS raised concerns over Tesla offering…

Nissan

Nissan Shakes Up EV Plans, Delays Sedans for Crossovers

Nissan is revising its electric vehicle (EV) strategy, delaying two planned EV sedans and prioritizing crossover production at its Canton, Mississippi plant. The automaker reportedly aims to adapt to changing market conditions and ensure the right products are launched at the optimal time. Delayed Sedans, Accelerated Crossovers Nissan has instructed suppliers to halt development activities…

China

China’s EV Market Thrives Despite Slump

China’s electric vehicle (EV) market continues to thrive, with manufacturers reporting strong sales growth in May, despite a general decline in consumer spending. This growth is driven by price cuts and new model launches, leading companies like BYD, Nio, and Seres Group to see significant sales increases, reports Bloomberg. Surge in Sales Leading EV manufacturers…

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