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BorgWarner acquires Italy-based EV charging industry

Baua Electric

The purchase goal is anticipated to generate about $27 million in earnings this past, and BorgWarner expects to extend gross sales to $273 million by way of 2027. Eldor’s electrical hybrid techniques area is made up of about 300 workers, together with 100 engineers, throughout two R&D crops in Italy and a producing plant in Turkey.

Italy 52
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BorgWarner acquires EV charging industry in Italy for roughly $80 million

Baua Electric

The purchase goal is predicted to generate about $27 million in income this presen, and BorgWarner expects to develop gross sales to $273 million through 2027. As BorgWarner grows its portfolio of e-products, it’s focused on the derivative of its gasoline portions and aftermarket industry, renamed Phinia, to be performed through July 3.

Italy 52
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Stellantis slams Italy for not backing EVs, putting Fiat at risk

Baua Electric

Fiat’s new 2024 500e (source: Stellantis) EVs drivers in Italy are a rare breed. Italy has some of the oldest, most polluting cars in Europe, and is lagging way behind other European countries in EV adoption, with an incentive program that has been practically nonexistent. And Tavares said that’s just not going to cut it.

Italy 52
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Italy looks to sink $1 billion into boosting electric cars

Baua Electric

Fiat’s new 2024 500e (source: Stellantis) Italy has some of the oldest, most polluting cars in Europe clogging up its roads, and the country is lagging behind other European countries in EV adoption. An EV made is Italy is even better. Meanwhile, sales are surging in Italy, with new car registrations jumping 19% last year to 1.57

Italy 52
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Stellantis-Leapmotor eSUV details revealed in sales license for China

Teslarati

Stellantis-Leapmotor C16 SUV details were leaked after the companies filed for a sales license with China’s Ministry of Industry and Information Technology (MIIT). Last week, Stellantis CEO Carlos Tavares clarified the company’s position on Chinese brands producing EVs in Italy.

China 109
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Demand for Tesla and EVs helps push new car sales in Europe by 18%

Teslarati

This increase represents the 10th consecutive month of rises, and it was driven by strong sales of battery-electric vehicles, which jumped 66% to 170,389 units, as highlighted in a document released by industry association ACEA. Italy and Germany led the overall sales rise with gains of 23% and 19%, respectively.

Europe 144
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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