electric

Stellantis achieves electric vehicle target despite criticism of target and closure of its Luton factory | Money News Aitrend

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Stellantis achieves electric vehicle target despite criticism of target and closure of its Luton factory | Money News Aitrend

The company that owns Britain’s Vauxhall car plants fulfilled the UK government’s electric vehicle (EV) sales mandate last year, despite public criticism of the target and an announcement that its Luton factory would close. Stellantis, which also owns the Peugeot, Citroën and Fiat brands, as well as several others, was the UK’s best-selling electric van … Read more

Honda and Nissan announce plans to merge after Japanese auto giants struggle to compete with rivals in electric vehicles | Money News Aitrend

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Honda and Nissan announce plans to merge after Japanese auto giants struggle to compete with rivals in electric vehicles | Money News Aitrend

Japanese automobile giants Honda and Nissan have announced plans to merge. That would make it the third-largest automaker by sales, behind Toyota Motor Corp and Volkswagen AG. The two companies announced that they had signed a memorandum of understanding that would also include smaller companies. Nissan Alliance member Mitsubishi Motors is participating in the integration … Read more

Electric cargo bike company Zedify seeks to recruit new backers | Money News Aitrend

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Electric cargo bike company Zedify seeks to recruit new backers | Money News Aitrend

An electric cargo bike logistics company, which counts fashion giant Zara among its partners, has launched an emergency search for new backers. Sky News has learned that Zedify, which has raised millions of pounds from investors including Barclays Sustainable Impact Capital, was working with Interpath Advisory on a review of its funding options. Zedify claims … Read more

The electric shock behind Europe’s faltering future of electric vehicles – and how China has leapfrogged major car exporting countries | Money News Aitrend

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The electric shock behind Europe’s faltering future of electric vehicles – and how China has leapfrogged major car exporting countries | Money News Aitrend

Across Europe, carmakers are cutting jobs and closing factories – to the point where some are questioning their very existence. So it’s worth asking the question: what’s wrong with the European (and for that matter American) auto industry? While some will draw their own conclusions (Brexit! Electric vehicle time limit ! Government regulations!) in practice, … Read more

Jaguar boss defends rebranding after backlash – as new electric car revealed | UK News Aitrend

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Jaguar boss defends rebranding after backlash – as new electric car revealed | UK News Aitrend

Jaguar wants to “be bold and disruptive” with its new electric car and design, the luxury vehicle maker’s chief executive has told Sky News. The British carmaker sparked widespread controversy last month when it revealed its new name ahead of becoming a fully electric brand. Speaking to Sky News Business and Economics Correspondent Gurpreet NarwanManaging … Read more