Owing to subdued EV demand, Volkswagen has postponed decisions on a potential fourth battery factory in Eastern Europe. Current battery sites: Germany, Spain, Canada. EV orders in Europe have dropped sharply from 300,000 to 150,000.
Share prices dipped by 11% after reducing volume targets for the new DB12, resulting in a loss of £48.4 million ($58.8 million). Despite high DB12 demand, the company grapples with a staggering £750 million debt.
The carmaker was found not liable in a 2019 Autopilot-linked fatal crash in California. Human error, not technology, was the culprit. This is Tesla's second legal win concerning its driver-assist systems.
Subaru plans to use Tesla's NACS charging ports from 2025, enabling access to over 15,000 Tesla Superchargers. The company's electrification goals include achieving 50% EV sales by 2030.
Lucid is looking at expanding its infotainment by potentially collaborating with Apple Music, Amazon Music, and more. This expansion might bolster Lucid Air's appeal through more integrated media apps.
Hyundai's IONIQ 5 witnessed an 89% YOY sales growth with 2,979 units. Meanwhile, Kia's EV6 sold 1,542 units in October, marking a 30% YOY increase. Hyundai has also launched promotions like reduced lease prices and free home chargers.