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PEUGEOT Cycles introducing new range of connected electric bikes designed and manufactured by startup Beweel

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The new connected electric bikes, addressing B2C and B2B targets, will be designed and manufactured by the start-up Beweel. Thus, one in 4 bikes sold in Europe was electric last year. The entire Peugeot Cycles range thus expanded will be available from the main dealer networks of Cycleurope Industries.

Connect 397
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Volvo Cars building €1.2B EV manufacturing plant in Slovakia; third in Europe

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Volvo Cars will build a third manufacturing plant in Europe, positioning the company well to meet the continued demand from its customers for electric cars and capture future growth potential. million cars by mid-decade, which it aims to meet with a global manufacturing footprint spanning Europe, the US and Asia.

Slovakia 273
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TSMC, Bosch, Infineon, and NXP to establish JV to bring advanced semiconductor manufacturing to Europe; €10B investment

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plan to invest jointly ina joint venture—European Semiconductor Manufacturing Company (ESMC) GmbH, in Dresden, Germany—to provide advanced semiconductor manufacturing services. TSMC, Robert Bosch GmbH, Infineon Technologies AG, and NXP Semiconductors N.V.

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IONETIC launches EV battery pack design platform

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IONETIC , a UK start-up specializing in electric vehicle (EV) battery pack technology, launched its EV battery pack design platform, which the company says can cut the development cost and time for automotive manufacturers bringing a new electric vehicle to market. This is a 36% improvement over the Nissan Leaf.

Design 418
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Volkswagen to introduce electrode dry-coating in battery manufacturing; partnering with Koening & Bauer

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Volkswagen’s PowerCo SE plans to introduce an electrode dry-coating manufacturing process in its battery cell production plants in Europe and Northern America. As a result, two of four process steps in electrode manufacturing become obsolete. Our plants are designed for quick and easy retrofits.

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PSA and Total create JV for manufacture of EV batteries in Europe; €5B investment

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With this partnership, the parties are setting up a world-class player in the development and manufacture of high-performance batteries for the automotive industry from 2023. Position ACC as a major competitive player in supplying electric vehicle manufacturers. Ghislain Lescuyer has been appointed Chairman of the Board.

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Ford eliminating 3800 jobs in Europe; driven by transition to fully electric powertrains

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Ford in Europe announced next steps in the transformation of its business. The actions are intended to align Ford’s product development organization and administrative functions in Europe with a smaller, more focused, and increasingly electric product portfolio.