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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. kW or DC fast charging at 50 kW.

Volvo 230
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Volkswagen launches “Electric for All” campaign, demos rolling chassis of MEB

Green Car Congress

Volkswagen is launching its “Electric for All” campaign—a strategic effort to put attractive electric vehicles at affordable prices on the road, paving the way for the breakthrough of electric vehicles. Now, we’re transferring this know-how and this strategy to the electric age. The company is investing €1.3

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Fast evolving auto industry needs befitting HR solutions | Autocar Professional

Baua Electric

Companies can implement an incentive and variable pay concept to manage compensation. These skills include expertise in future technologies such as electric vehicles (EVs), autonomous driving, networking, and data analytics. However, there are currently shortages of these skills. G S Ramesh is the Chaiman of Layam Group.

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Volvo Cars sales down 17.2% in February, share of electrified cars increased to 33%

Green Car Congress

Volvo Cars reported sales of 42,067 cars in February, a decline by 17.2% Sales of Volvo Cars’ Recharge models made up for 33.0% of all Volvo cars sold globally during the month. Sales of fully electric cars increased by 229.5% Fully electric cars increased by 174.9% of total sales.

Volvo 275
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Germany’s auto industry – outrun by Tesla – to axe thousands more jobs

Baua Electric

Major car suppliers in Germany say they are struggling with the high upfront costs of shifting to EVs and “slow demand,” with companies looking to lay off thousands of workers, as much as 20% of total staff in some cases, in the coming years. The company employs 165,000 people around the world.

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Mercedes-Benz to become equal shareholder in Automotive Cells Company (ACC) with Stellantis and TotalEnergies

Green Car Congress

Mercedes-Benz is taking an equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules. Mercedes-Benz announced in July that it will be ready to go fully electric by the end of the decade wherever market conditions allow.

Mercedes 221
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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Vehicles in all categories experienced double-digit year-on-year growth in domestic sales — led by three-wheelers (87 percent), followed by commercial vehicles (34 percent), passenger vehicles (27 percent), two-wheelers (17 percent) and tractors (12 percent). lakh crore in year FY22.