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Stellantis & Leapmotor joint venture gets approval from Chinese regulator

Teslarati

With the approval from the NDRC, Stellantis can build and sell Leapmotor electric vehicles (EVs) outside of China, said people familiar with the matter. It acquired 20% of the Chinese automakers, making it a significant shareholder. The joint venture between Stellantis and Leapmotor still needs regulatory approval in other markets.

Chinese 109
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Volkswagen cancels plans to build ID.3 at main plant because ‘every euro counts’

Baua Electric

Volkswagen has canceled plans to build its all-electric ID.3 3 at its main factory in Wolfsburg, Germany, due to low demand , adding that “every euro that we do have to spend counts.” in 2023, VW delivered 140,800 ID3s, reports Automotive News Europe. The post Volkswagen cancels plans to build ID.3

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Tesla registrations skyrocket in Germany even though Giga Berlin hasn’t built a car yet

Teslarati

Tesla all-electric vehicles showed tremendous growth in terms of registrations in Germany, skyrocketing over 83% in Q1 2021 compared to the same period in 2020. Tesla continues to show exceptional expansion in Germany, despite its production facility within the country not building any vehicles yet.

Germany 138
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Stellantis’ JV approved, gaining exclusive rights to build and sell Leapomotor EVs outside of China

Baua Electric

This deal is the first of its kind for a Western automaker and gives Stellantis the exclusive rights to build, export, and sell Leapmotor brand EVs outside of China, and it is already mulling some exciting markets for them. The Chinese automaker also shared that its first EV shipments to Europe could come as early as the second half of 2024.

China 52
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Rivian launches jobs in Germany, Netherlands ahead of European expansion

Teslarati

Rivian has posted five new job opportunities in Europe, four in the Netherlands, and one in Germany, hinting toward an expansion of its electric vehicle business to a new continent as the first deliveries of its R1T pickup are set to begin next month. ” Rivian Automotive’s Normal, IL factory. Photo: Rivian).

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CATL to build €7B battery plant in Hungary, its second in Europe

Teslarati

Chinese battery manufacturer Contemporary Amperex Technology Co., Limited, or CATL, has announced a massive investment to build a new cell manufacturing plant in Europe. billion to build a 100 GWh battery plant in Hungary. CATL announced on Friday that it would invest €7.34

Hungary 98
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Here’s how China’s BYD is working on its image problem

Baua Electric

While European automakers have been shifting over to direct sales à la Tesla, China’s BYD, for Build Your Dreams, along with Chinese peers Xpend and Great Wall Motor are looking to dealers to build sales and provide networks to help their brands build solid reputations and trust among Europeans.

BYD 52