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The president of the Alliance for Automotive Innovation, representing major automakers like Ford and GM, urged President-Elect Trump to relax fuel-efficiency standards. He highlighted challenges posed by unfair competition from heavily subsidized electric vehicles and technologies from China.
Honda is advancing its electric vehicle strategy by opening a 27,000 square meter facility in Japan dedicated to solid-state battery development, aiming for cost competitiveness and rapid production. This initiative comes as other automakers like Toyota and Nissan also pursue solid-state technology, albeit with slower progress. Honda's proprietary cells are designed for a range of mobility products, reflecting its commitment to the EV revolution.
Mitsubishi has invested $25 million in the US battery swapping startup Ample, reinforcing its commitment to EV battery swapping technology. This partnership aims to enhance fleet efficiency by reducing downtime during charging and providing access to the latest battery technology without the need for upfront purchases. Trials are underway in Japan, with plans for expansion into passenger vehicles and potential applications in renewable energy and energy storage.
Ford plans to cut 2,900 jobs in Germany by 2027, representing 14% of its European workforce, due to significant losses and weak demand for electric vehicles. The automaker cites rising competition, particularly from Chinese rivals, and calls for more government support for EV infrastructure and incentives. Sales in Europe have dropped 17.9% this year, prompting a restructuring that includes closing the Saarlouis plant and previous job cuts.
Stellantis NV has postponed the launch of its electric Ram trucks to the first half of 2025, as announced by CEO Carlos Tavares. The delay comes as the company manages multiple product launches, including the all-electric Dodge Charger Daytona, an electric Jeep SUV, and the Ram REV alongside the Ramcharger, which features a gas generator for enhanced range and towing capacity.
Stellantis has postponed the launch of its Ram electric pickup trucks to the first half of 2025, citing the need for thorough testing and validation. CEO Carlos Tavares emphasized the importance of quality over speed, as the company prepares for a significant product rollout, including the Dodge Charger Daytona and Jeep Wagoneer S EVs by year-end. The upcoming Ram models will utilize the new STLA Frame platform, with the REV expected to achieve 500 miles on a single charge and the Ramcharger offering a class-leading range of up to 690 miles.
The Jeep Avenger EV, a compact electric vehicle, is attracting attention in Brisbane, particularly among younger buyers, despite its limited space for passengers. With a range of 400 km and a 54-kW battery, it offers a fun driving experience, though it lacks one-pedal driving and has a hard suspension. Priced competitively under AUD$50,000, it aims to carve out a niche in the city-focused EV market, having already won accolades like the European Car of the Year for 2023.
CATL plans to enhance its European operations with a new Hungarian battery plant set to produce 100 GWh at lower costs than its German facility, aiming for profitability in 2025 and 2026. Founder Robin Zeng criticized EU tariffs on Chinese EV imports and emphasized the potential of sodium-ion batteries over solid-state technology. CATL is also venturing into renewable energy systems and developing an off-the-shelf EV platform to significantly reduce development costs for new automotive brands.
Europe's debt market is experiencing a revival, mirroring recent trends in the US, as borrowing costs approach a three-year low. On Wednesday, 15 borrowers, including BPER Banca SpA, Coca Cola HBC Finance BV, and Stellantis NV, are set to price new debt deals, marking the highest number of issuers in a single day since late September.
NOVONIX is advancing plans for a new production facility in the southeastern U.S. with an initial capacity of 30,000 tonnes per annum, aiming to expand to 75,000 tpa. The company is in discussions for a loan from the DOE's Loan Programs Office to support this initiative, which is part of a broader effort to enhance the domestic EV supply chain and reduce reliance on foreign graphite sources. The Chattanooga facility is set to produce 20,000 tonnes of synthetic graphite annually, with significant agreements already in place with major stakeholders like Panasonic and Stellantis.
Stellantis N.V.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
auto lobby urges trump to relax fuel efficiency standards and address china competition
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22:04 21.11.2024
honda advances solid-state battery development with new production facility in japan
20:58 21.11.2024
automakers explore battery swapping to enhance electric vehicle adoption and convenience
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17:04 20.11.2024
ford to cut 2900 jobs in europe amid ev challenges and competition
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14:53 20.11.2024
Stellantis postpones electric Ram truck launch to early 2025
20:55 19.11.2024
Stellantis delays Ram electric pickup truck launch to 2025
19:16 19.11.2024
eep avenger ev a compact electric vehicle for urban adventures
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16:08 19.11.2024
catl expands into renewable energy and electric vehicle platforms in europe
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00:28 14.11.2024
european debt market rebounds as borrowing costs reach three year low
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13:21 13.11.2024
novonix expands synthetic graphite production to support us electric vehicle supply chain
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04:00 12.11.2024
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