Car parts maker Valeo posts lower first-quarter sales on weak EV demand
Car parts makers face slowing auto production, leaving suppliers with excess capacity, and are striv...
EV demand
SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery
Shares in SK Innovation, which rose as much as 6.4% after the earnings release, were trading up 6.3%...
Volvo Cars April sales rise on strong EV demand
In the United States, total sales rose 10%, primarily driven by an 89% increase in plug-in hybrid ca...
Panasonic's battery unit misses annual profit estimate
Chinese battery makers grew faster than rivals to account for more than two-thirds of global EV batt...
Tesla ramps up job cuts in China as sales slowdown bites
A global slowdown in EV demand has sparked Tesla’s biggest layoffs ever. But the hit has been partic...
Lucid to trim US workforce by 6% amid softening EV demand
Lucid forecast higher annual capital expenditure at the start of the month, as it works on expanding...
Faraday Future withdraws full-year production forecast as weak EV demand weighs
Faraday was hit with a delisting notice from the Nasdaq in December over its failure to comply with ...
Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
Polestar said it will report its first-quarter results and second-quarter volumes on July 2 before t...
Audi mulls closing Brussels plant as EV demand falters
After investing heavily in the shift to electromobility in recent years, automakers have been hit ha...
SK On of South Korea Negotiates to Supply Prismatic EV Batteries in Turnaround Effort
Reports suggest SK Innovation may merge with its gas affiliate SK E&S to support SK On.South Kor...
EU new car sales rise 4.3% in June, industry body says ACEA
Top European carmakers are betting on car sales to pick up over the year, despite cooling EV demand ...
Umicore H1 profit slumps on weak EV demand
"The market context is challenging and we have seen a slowdown in the growth of EV sales in the shor...
UK car industry body cuts 2024 sales forecast on weak EV demand
The body also cut the annual forecast for the battery electric vehicle (BEV) market share to 18.5% f...
Toyota bets big on hybrid-only models as EV demand slows
The hybrid strategy will also give Toyota unique advantages in complying with increasingly tough U.S...
Ford to offer free chargers to EV buyers through year-end
Ford is already struggling to cut costs on its battery-powered models, and it faces a USD 5 billion ...
Tesla's quarterly deliveries set to rise as China incentives lure wary EV buyers
With slowing demand for EVs in the U.S. and a lack of subsidies in Europe, Tesla delivered about 831...
