Geely brand Geometry reveals second model for July

After Geely presented its electric car brand Geometry and its first model Geometry A last year, the brand’s second model, the Geometry C, will be launched on the Chinese market in July. Geometry A was launched in April 2019 and is a sedan. With Geometry C, however, the brand has chosen an almost classic compact […]

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Renault to strike 15,000 jobs

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After alliance partner Nissan, Renault has also presented its restructuring program. The savings plan provides for the elimination of two billion euros in fixed costs. Among other things, savings will be made in personnel. The plan sounds simple at first: Efficiency is to be increased by simplifying processes, reducing the variety of components and adjusting […]

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VW to take over majority stake in JAC JV

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Volkswagen has officially confirmed its plan to increase its stake in JAC Volkswagen, its joint venture for electric mobility, and to invest around one billion euros in this. The Wolfsburg-based company will invest another billion in a Chinese battery specialist. With this amount, the Wolfsburgers cover two campaigns at once. Firstly, they are increasing their […]

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Tesla reduces prices – especially of Model X

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Tesla has just lowered the prices of its models, in some cases considerably, depending on country and model range. All Tesla models are affected by the price cuts with the exception of the new Model Y. In the USA, the Model 3 will also be around 2,000 dollars cheaper. In Europe, with the example of […]

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Record €60bn investment in electric cars and batteries in Europe secured last year

Europe secured €60 billion in investments to produce electric vehicles and batteries last year – 19 times more than in 2018, new analysis shows. Driven by EU car CO2 targets, industry and governments committed 3.5 times more into EV and battery p…

Evergrande breaks ground on e-drive production plant

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The extremely ambitious electric car plans of the Chinese Evergrande Group are becoming more concrete: In Huzhou in Zhejiang Province, local media reported that the ground-breaking ceremony for a production facility of Evergrande for electric drive systems has now taken place. Once the plant is completed, it will be able to produce 500,000 electric drive […]

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