For 2023, the Bavarian automaker expects BEV to make up 15 percent of its overall sales. The company noted that its all-electric models are chosen not only by owners of ICE-powered BMWs, but also by customers from other brands, enabling it to gain market share.
Sales of new electric vehicles – referred to as new energy vehicles (NEVs) – in China surged in February this year. The retail sales of China’s new energy passenger cars expanded 439,000 units in February, a 61 percent increase over February 2022 according to the China Passenger Car Association (CPCA).
Volkswagen claims it still working to bring an ‘affordable’ people’s electric car – costing around EUR25,000 (CDN$36,500 / US$26,790.00 / £23,000) in today’s prices – to market by 2025. (Reuters)
The decision to expand the PowerCo cell production into Canada is further proof of the ambitious growth strategy of the Volkswagen Group in North America.
VW last week announced they were had selected South Carolina for the new Scout Motors assembly plant.
Volkswagen plans to develop 25 new battery-powered electric vehicles by the end of the decade. It also intends to increase production at its Chattanooga, Tenn., plant and upgrade its facilities in Puebla and Silao, Mexico, to produce electric vehicles and components at those sites.
“Today’s announcement by Volkswagen is a true testament to our highly skilled workforce and Canada’s strong and growing battery ecosystem,” Francois Phillippe Champagne, Canada’s minister of innovation, said in a statement.
Speaking at the annual China’s National People’s Congress gathering in Beijing, CEO, Lei Jun said: “Xiaomi’s car manufacturing has progressed beyond expectation and [prototypes] have recently successfully completed winter testing.”
Lei also confirmed Xiaomi had invested more than 3 billion yuan (£360 million) in its electric car division, Xiaomi Automobile, in 2022. He added that staffing of its R&D department had risen to more than 2300 people.
London Electric Vehicle Company’s electric TX is the successor to the traditional diesel-powered London ‘black cab’
There are now more LEVC (London Electric Vehicle Company – the successor company to that which originated the iconic London ‘black cab’) TX electric taxis on the streets of London than diesel TX4s, as the UK capital’s transition to a green EV black cab fleet continues to accelerate.
Highlighting the transition away from fossil fuel, LEVC’s TX taxi now represents more than 40% of official black cabs, with over 6,000 vehicles operating in the capital.
Alex Nan, CEO of LEVC, commented: “We are witnessing a significant tipping point in the push towards cleaner transportation, with the TX overtaking the diesel-powered TX4 as the cab of choice in London. There are now more than 6,000 TX electric taxis operating in the capital, accounting for over 40% of the black cab fleet.