Daily Archive: February 22, 2023

VW sees EV efficiency gains from optimizing its own components

2023 Volkswagen ID.4As automakers look to boost EV efficiency, Volkswagen believes bringing development of more components in-house will lead to big gains. VW announced this strategy shift at its Tech Day 2023 event, claiming efficiency improvements of up to 20% by developing its own optimized components. "The Volkswagen Group and its brands stand for first-class...

NIO’s ALPS sub-brand will have its own sales channel and half as many models as NIO brand, report says

According to NIO's internal expectations, ALPS will have half the number of models than the main brand NIO, but will aim to achieve 50,000 units per month in sales, local media said.

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