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Ford cuts jobs in EU due to weak EV demand & Chinese rivals

Teslarati

The legacy automaker cited weak demand for electric vehicles (EVs), poor government support, and competition from Chinese rivals for job cuts. of its total workforce of 174,000 in Europe. Tesla launches crazy Supercharging incentive in Europe for Model Y In August, EV sales were down by nearly 44% in Europe.

Chinese 81
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EV sales down by nearly 44% in Europe

Teslarati

Electric vehicles sales were down by 43.9% in Europe’s in August 2024. The European Union’s overall new car sales fell 18.3% For major car markets in Europe, like Germany, France, and Italy , the EV sales saw double-digit losses. drop in EV sales while France recorded a 33.1% in Europe. last month.

Europe 107
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Magna Steyr in discussions with several Chinese automakers to localize EV production in Europe

Electrek

Austria-based contract manufacturer Magna Steyr has confirmed that several Chinese OEMs are discussing the possibility of local EV production ahead of further sales in Europe. The decision may be swayed by the looming threat of tariffs Europe may impose on China as several automakers continue to expand to new markets overseas.

Chinese 136
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NIO launches EL8 in Europe amid looming tariff threats to Chinese-made EVs

Electrek

Despite recently announced tariffs on Chinese-made EVs imported into Europe, NIO has officially launched its EL8 SUV overseas. It will initially be sold in five EU markets as NIO touts its commitment to sales in the region despite the looming threat of import fees.

Chinese 116
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7 Top Cleantech Stories: 44.7% Renewables in Europe, Chinese EV Tariffs in EU, Unbelievably Huge Solar Farm

CleanTechnica EVs

Chinese EV tariffs: I think it’s clear the biggest story lately has been tariffs. Renewables in Europe, Chinese EV Tariffs in EU, Unbelievably Huge Solar Farm appeared first on CleanTechnica. Another week is wrapped up, and we’re here for a rundown of 7 of the biggest stories of the week.

Chinese 132
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XPeng Motors unveils P7+ in Paris alongside pre-sale pricing, stresses commitment to Europe

Electrek

Four days after XPeng Motors first unveiled its new P7+ EV, hailed as the “world’s first AI car,” the Chinese Automaker showcased it to the European public during the Paris Motor Show. Following the event, pre-sales of the P7+ began in China, and XPeng shared initial pricing.

Motoring 127
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Stellantis wins big in EV sales in Europe, thanks to France’s ‘green bonus’

Electrek

Once a fierce critic of the European Union’s push to restrict ICE vehicles, Stellantis is now reaping rewards from its shift in focus to EVs, with France taking the lead thanks to revised “green bonus” incentives for Europe-made cars while freezing out Chinese brands.

Europe 121