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NIO’s expansion into German, Dutch, Danish and Swedish markets coming with buildout of battery swap stations

Green Car Congress

This expansion follows NIO’s entry into the Norwegian market last year. The company also said that it plans to build 20 Power Swap Stations (PSS) in Europe this year. By 2025, NIO aims to build 1,000 PSS outside of China, most of which will be in Europe. In 2023, this number is expected to reach 120.

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Tesla slashes prices across Europe on Model Y

Baua Electric

BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. In Norway, VW has made more critical cuts to the ID3’s price tag, to stay competitive in a market that has achieved 82% percent of sales being EVs – 20% of those sales being a Tesla in 2023.

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Telsa joins VW and BYD in cutting prices in Germany

Baua Electric

BYD only sold 4,140 cars in Germany in 2023, but is looking for 10% market share after its factory in Hungary starts production in a few years. And BYD is looking to make some serious moves in Europe, and now that it will be building EVs in Hungary in the next couple of years. Get started here.

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China’s Chery to set up shop in Europe

Baua Electric

Chinese automaker Chery is planning to make cars in Spain, where the EV market is at just 12%, half that of Portugal and France. Chinese companies MG, BYD, and Chery have also been scouting sites in Mexico and talking to officials for better access to the North American market. Get started here.

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Mercedes introducing EQB compact electric SUV in Shanghai

Green Car Congress

The market launch in China is scheduled for this year. After Europe, the international version of the EQB, produced in Kecskemét, Hungary, will be launched at the end of the year, followed by the US market launch in 2022. Following the EQA 250 (combined electrical consumption: 15.7

Mercedes 243
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Northern Lights Energy and Reva Electric Car Company Sign Agreement to Develop the Electric Vehicle Market in Iceland

Green Car Congress

Northern Lights Energy ( NLE ), the initiator of the 2012 charging infrastructure project and provider of infrastructure and services for electric vehicles (EV) based in Iceland, has signed an agreement with Reva Electric Car Company to jointly develop the electric vehicle market in Iceland.

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BYD slashes price on its best-selling SUV to $16K to compete with gas cars

Baua Electric

The Atto-3 SUV / Source: BYD Europe After recently reducing prices of its refreshed Han and Tang models , Build Your Dreams (BYD) just launched a new version of its top-selling EV Yuan Plus – known as the Atto 3 in overseas markets – to $16,644 in China, making it one of the lowest-priced EVs out there. Get started here.

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