As 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... VW sees EV efficiency gains from optimizing its own components
As 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... 
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.
Toyota could start building electric cars in Kentucky as soon as 2025 by updating an existing factory, Nikkei reported Tuesday. The move could allow Toyota vehicles to qualify for the $7,500 federal tax credit under new rules, instituted under the Inflation Reduction Act (IRA), requiring North American assembly of vehicles and battery packs... 
NIO now has 11 battery swap stations in Europe, with six more to open soon.
Industrial-grade lithium carbonate prices in China today fell below 400,000 yuan ($58,000) per ton, a pullback of more than 30 percent from the November peak.