TI Fluid’s shares spike as firm outperforms soft EV market August 8, 2024 Shares at automotive components manufacturer TI Fluid Systems spiked on Thursday despite a dip in revenue as it raised margin guidance and outperformed a weak market. Revenue at the FTSE-250 listed firm, which designs and manufactures thermal management and fluid handling systems, declined by 1.4 per cent at constant currency in the six months ended [...]
TVL makes ‘strides’ in securing £19.5m investment for refinery set to power UK’s EV boom August 5, 2024 The company behind Tees Valley Lithium (TVL) said it is making "significant strides" in securing up to $25m (£19.5m) in funding for its Wilton refinery project.
Chinese carmaker Geely injects £120m into London black cab maker August 4, 2024 The cash is being used to produce a new electric car platform to underpin one of LEVC's new electric taxi models.
Election 2024: Labour to reinstate 2030 ban on new petrol and diesel car sales June 13, 2024 The party said this would provide "certainty to manufacturers" and "support the transition to electric vehicles."
Volkswagen boss: The EV sales slump is ‘not the end of the world’ May 8, 2024 A recent slump in electric vehicle sales shouldn't concern the automotive sector, VW's brand chief Thomas Schäfer has said.
EV delivery firm Packfleet branded ‘disgusting’ for plans to sack 30 drivers and replace them with gig economy contracts May 8, 2024 EV courier Packfleet has informed workers of plans to sack 30 employed drivers and force them to become self-employed, City A.M. understands.
Ti Fluids reports lower sales on electric vehicle headwinds May 2, 2024 Revenue in Europe and the Middle East rose by 4.2 per cent, although total revenue was dragged down by a 10.8 per cent fall in the Asia Pacific region and a 3.4 per cent fall in the Americas.
Judge the Mayoral candidates on their transport policies May 1, 2024 Take it from a company that drives on London’s roads every day – lack of EV charging infrastructure and Low Traffic Neighbourhoods are standing in the way of cleaner transport, says Addison Lee CEO Liam Griffin Operating in the capital for 50 years, we’ve seen many a Mayor come and go. Each of them has [...]
Explained: The UK’s Chinese electric vehicle insurance quandary April 30, 2024 Chinese electric cars are expected to flood the UK market and there is a growing nervousness among insurers that premiums could soar in response.
Losses at Pod Point deepen amid wider tail-off in electric vehicle sector April 18, 2024 Falling revenue at Pod Point led the electric vehicle (EV) charger provider to post larger losses in 2023, according to its full-year results.