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Volvo Cars all-electric sales climb to 19% of all sales in February

Green Car Congress

Volvo Cars reported global sales of 51,286 cars in February, up 22% compared to the same month last year and a record for the month of February. The sales growth was led by the company’s Recharge line up of fully electric and plug-in hybrid cars. China sales reached 13,066 cars, up 50% compared with February last year.

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Volvo Cars global sales up 31% in May; fully electric cars up 196%

Green Car Congress

Volvo Cars reported global sales of 60,398 cars in May, up 31% compared with the same month last year. Figures from May 2022 were negatively affected by lower production due to last year’s supply chain constraints. Sales in Europe for May reached 26,272 cars, an increase of 40% compared to last year.

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Porsche stands by EV sales target despite falling Taycan sales, supply chain issues

Electrek

Despite sales of its sole electric sports car falling in the first half of the year, Porsche is standing by its EV sales target for 2023. The automaker is warning supply chain disruptions could remain an issue for EV growth.

Porsche 73
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Magna lags profit estimates, cuts annual sales forecast on supply chain snags – ET Auto

Baua Electric

Canada’s Magna International missed first-quarter profit estimates and cut its full-year overall sales forecast on Friday, as auto parts suppliers navigate ongoing supply constraints and bumpy demand for electric vehicles. Magna said it expects full-year 2024 sales of USD 42.6 billion to USD 44.2 billion to USD 45.4

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Mazda2 Hybrid to be introduced in Europe; OEM model supplied by Toyota

Green Car Congress

The Mazda2 Hybrid will be an OEM model supplied by Toyota Motor Europe, a wholly owned subsidiary of Toyota Motor Corporation, and will be added to the Mazda2 lineup in Europe and sold as Mazda's own brand vehicle. Mazda Motor Corporation will introduce the Mazda2 Hybrid in Europe from the spring of 2022.

Europe 395
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Stellantis and Terrafame agree on low-carbon nickel sulfate supply for EV batteries

Green Car Congress

signed a supply agreement for nickel sulfate to be used in electric vehicle (EV) batteries. Beginning in 2025, Finland-based Terrafame will supply Stellantis with nickel sulfate over the five-year term of the agreement. Stellantis N.V. and Terrafame Ltd.

Supplies 210
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Rio Tinto and Marubeni partner to create stronger and more responsible aluminum supply chains

Green Car Congress

Rio Tinto and Japanese trader and business conglomerate Marubeni Corporation have agreed a first sale under a new strategic collaboration agreement to secure a sustainable and reliable supply of Rio Tinto’s Responsible aluminum products to Japanese downstream manufacturers.

Supplies 199