Electric vehicle market ‘still in its infancy’ despite outstanding growth February 1, 2022 The electric vehicle (EV) market, despite a tremendous growth registered in 2021, is ‘still in its infancy’, offering diverse opportunities to investors. According to investment banking firm UBS, suppliers of electric components as well as battery makers should benefit the most from the 115 per cent increase in EV sales that was registered las year. [...]
UK car output worst since 1956 but EVs and investment brighten 2022 outlook January 27, 2022 2021 was a dismal year for the UK automotive industry, as output fell 6.7 per cent to less than 860,000 units – the lowest since 1956. Figures released today by the Society of Motor Manufacturers and Traders (SMMT) reported that production went down 34 per cent on pre-pandemic levels, especially as a result of the [...]
SKC invests $80m in British silicon anode start-up Nexeon January 26, 2022 Battery material specialists Nexeon has entered into a strategic manufacturing partnership with South Korean semiconductor producer SKC.
Volkswagen and Bosch set up venture to make EU’s battery production self-sufficient January 18, 2022 Volkswagen and Bosch have joined forces and will set up a venture by the year’s end to make Europe’s battery production self-sufficient. The new company will provide integrated battery production systems, on-site ramp up and maintenance support, serving Volkswagen’s factories as well as plants across Europe. “Europe has the unique chance to become a global [...]
A moment in EU car history: EV sales overtake diesel for fist time January 17, 2022 The sale of electric vehicles (EV) in the European market has surpassed that of diesel cars for the first time ever, according to Financial Times preliminary estimates. Across 18 European markets – including the UK – more than a fifth of vehicles sold were electric, while diesel cars slumped to less than 19 per cent. [...]
Nickel prices rise to 10-year highs as car giants embrace electric vehicles January 12, 2022 Nickel prices surged to decade-highs on Wednesday, as car giants scramble to secure supplies for electric vehicle batteries as the market booms.
Electric vehicle registrations provide much-needed momentum for car manufacturers in 2022 January 6, 2022 A historically strong year for electric vehicle registrations provided some sparks of life to an otherwise morbid domestic car market in 2021.
Toyota invests $35bn in EV development to rival market players December 14, 2021 Toyota has announced it will invest $35bn in the development of electric vehicles (EVs), with the aim to rival some of the market’s biggest EV player such as Tesla. The sum will be divided between vehicle development – as the automotive giant aims to sell 3.5 million battery EVs per year by 2030 – and [...]
Investors bet on EV despite Omicron concerns, Freetrade reveals December 13, 2021 Despite Omicron concerns startling the markets, investors are increasingly betting on electric vehicles (EVs), as according to online stockbroker Freetrade, four out of the 10 most popular stocks in November were from EV companies. Newly listed Rivian and EV charging point Pod Point as well as consolidated firms such as Tesla feature among those most [...]
Gridserve to roll out biggest EV charging upgrade in UK history December 9, 2021 Gridserve will roll out the biggest upgrade of motorway electric vehicle (EV) charging points in UK history, as the company announced that 20 electric hubs will be installed across the country from March. Each hub will feature between 6 and 12 350kW chargers, adding up to 100 miles of range. Gridserve will also build two [...]