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Volvo Cars to triple electric car production capacity in Ghent after strong year of electrified car sales

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Volvo Cars is tripling electric car manufacturing capacity at its plant in Ghent, Belgium as it prepares to meet fast growing demand for its Recharge line-up of chargeable cars. The capacity increase comes as Volvo Cars also reports its full-year sales results for 2020, which showed a strong growth in demand for the company’s Recharge models.

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Ford EV sales up 103% y-o-y in November; 4.3% of total sales

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Ford electric vehicles sales in the US were up 103% for November 2022 compared to year ago, making Ford the US’ second best-selling brand and manufacturer of electric vehicles behind Tesla. EV sales for the month were 6,255 units, or 4.3% of total vehicle sales for the month. of all F-Series sales for the month).

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Toyota Motor Manufacturing Turkey to become Toyota’s first European plant to produce plug-in-hybrid vehicles and batteries

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The second-generation Toyota C-HR will be produced at Toyota Motor Manufacturing Turkey (TMMT) in Sakarya—about 150 km east of Istanbul. In addition, TMMT will be Toyota’s first European plant to start producing plug-in hybrid vehicles, and the first to be equipped with a battery production line.

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Volkswagen committing $7.1B to boost product line-up, R&D, manufacturing in North America; targeting 55% BEV sales by 2030

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billion over the next five years in the North American region (NAR) (Canada, Mexico, United States) to boost its product portfolio, regional R&D and manufacturing capabilities. This strategy builds on the company’s preparation of its Chattanooga facilities for local EV production. Volkswagen will commit $7.1 4 in 2022, the ID.

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BYD and UzAuto to form NEV production JV in Uzbekistan

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The new joint venture company, which will manufacture best-selling NEVs including the DM-i super hybrid models and related parts, is anticipated to be based in Uzbekistan. Founded in 1995, BYD is a leading NEV (plug-in hybrids and battery-electric vehicles] manufacturer.

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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. Volvo Cars has an ambition to move towards annual sales of 1.2 The site also allows for further expansion of the plant in future.

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Toyota starts production of 5th-generation hybrid powertrain in Europe for new Corolla

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Toyota Motor Europe (TME) has started production of its 5 th -generation hybrid powertrains for the new Corolla. The start of production of 5 th -generation hybrid engines and transmissions follows the upgrade of seven production lines supported by new investments of €77 million and €541,000 at the plants in Poland and the UK respectively.

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