Remove Automobile Manufacturer Remove Industrial Remove Market Remove Vehicles
article thumbnail

Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe.

Motor 284
article thumbnail

JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

Green Car Congress

The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 We have to remember that the industry was already operating in a challenging environment, especially towards the end of last year.

Europe 261
article thumbnail

Enovix raises $45M; working to develop its 3D Silicon Lithium-ion technology for EV market

Green Car Congress

Rodgers and York Capital), and non-dilutive funding from market-leading customers. Based on successfully deploying 3D Silicon Lithium-ion Battery technology in portable electronic devices, Enovix is now working with leading international automobile manufacturers to develop its patented battery technology for the electric vehicle (EV) market.

article thumbnail

GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. billion yuan (US$679 million). Click to enlarge.

article thumbnail

Stellantis strengthens ties with China’s auto industry

Teslarati

Stellantis appears to be strengthening its ties in China’s automotive industry. is a state-owned automobile manufacturer headquartered in Wuhan, Hubei. billion open-market share repurchase program announced February 22, 2023, which is expected to [be] completed by the end of 2023,” announced Stellantis.

article thumbnail

CAAM calls for return to normal order in China's auto industry as price war disrupts sector

CN EV Post

(Image credit: CnEVPost) The price war is one of the most talked-about topics in China's auto industry this month, creating operational challenges for many car companies. Now, an industry association is calling for a return to rationality for all parties to bring order to the market.

article thumbnail

Volkswagen and Amazon Web Services to develop Industrial Cloud; open industry platform

Green Car Congress

Volkswagen and Amazon Web Services (AWS) will develop the Volkswagen Industrial Cloud together. In the future, the Volkswagen Industrial Cloud will combine the data of all machines, plants and systems from all 122 facilities of the Volkswagen Group. Open Industry platform. —Andy Jassy, CEO of AWS.