Stephan Winkelmann, CEO of the Lamborghini brand under the Volkswagen Group, said that the company will continue to produce cars in Italy and plans to launch its first electric model in 2029 because the electric luxury sports car market is not yet mature and cannot be fully electrified. Lamborghini has previously stated that its first electric car will be launched in 2028. In contrast, Lamborghini’s Italian rival Ferrari will launch its first electric car in the first quarter of next year. Winkelmann told the media: “We think it is not too late to launch electric vehicles in 2029. In our market segment, it will not be ready (electrification) in […]
Average lithium-ion battery pack prices have fallen by the most in seven years, a survey shows, which is likely to accelerate the process of achieving parity between electric vehicles and gasoline-powered vehicles. The survey shows that the cost of battery packs fell by 20% to $115 per kilowatt-hour in 2024. The survey pointed out that overcapacity of battery production, falling metal and component prices, and the continued shift to cheaper lithium iron phosphate batteries have driven the cost reduction. The study analyzed 343 data points across a range of applications including electric vehicles, buses and commercial vehicles. Faster-than-expected battery cost declines suggest that electric vehicle prices will fall to […]
According to foreign media reports, with Toyota’s factory in Kentucky in the United States, it has received nearly $ 1 billion in funds that the company is preparing to produce its first three -row electric SUV in the United States. However, the new models will not be as soon as the original plan. Following the announcement of investment of 1.3 billion US dollars in February this year, Toyota announced on December 12 that it will invest in another $ 922 million in the Georgetown Factory, Kenka, to build a new lacquer workshop. […]
According to foreign media reports, electric truck manufacturer Nikola confirmed that the company will carry out a new round of layoffs. Nikola is currently in great financial trouble, and the hydrogen-powered truck manufacturer is making a last-ditch effort to avoid bankruptcy. More than two years ago, Nikola’s founder and former CEO was convicted of fraud for lying to shareholders about the company’s technology. At that time, many people thought that this would be the end of the company, which was once worth $34 billion, but now the company is still alive. Although it is just lingering on, it is still struggling to support. In the past two years, Nikola […]
Sona Comstar, a leading Indian auto parts manufacturer, is accelerating its internationalization strategy and actively negotiating with automakers in China, Japan and South Korea to provide high-performance parts for electric vehicles (EV), hybrid electric vehicles (HEV) and internal combustion engine vehicles (ICE) to these markets. The company hopes to take this opportunity to further expand its global market share outside North America and Europe. Sona Comstar’s move is aimed at responding to the rapid transformation of the global automotive industry, especially the surge in demand for electrification, intelligence and sustainable development. The company plans to meet the growing demand for electric vehicles by providing key components such as advanced […]
According to Reuters, on December 11, Frank Sell, deputy chairman and key mobile solution department of Bosch, the world’s largest automotive parts supplier Bosch, said the company’s recently announced a series of layoff plans, It has forced Germany to face risks for about “8,000 to 10,000” jobs. It is reported that Bosch has approximately 135,000 employees in Germany. Frank Sell said the overall layoff plan of Bosch made it difficult for employees to accept. At the same time, when asked if Bosch employees would hold a strike like Volkswagen Group employees, Frank Sell said that labor representatives and trade […]