Honda-Nissan merger: EV boom cutting off auto giants' vroom?
3 days, 14 hours ago

Honda-Nissan merger: EV boom cutting off auto giants' vroom?

India Today  

Two of the world’s giant carmakers, Nissan and Honda, are taking steps towards a merger. While Honda’s net profit slumped by 19.7 per cent, Nissan’s fell drastically by 93.5 per cent. Rise of EVs “Electric car sales keep rising and could reach around 17 million in 2024, accounting for more than one in five cars sold worldwide," the Global EV Outlook 2024 report by the International Energy Agency noted. In 2024, the market share of electric cars could reach up to 45 per cent in China, 25 per cent in Europe, and over 11 per cent in the United States, underpinned by competition amongst manufacturers, falling battery and car prices, and ongoing policy support, according to the International Energy Agency. Notably, electric cars have only two per cent market share in India and four per cent in Japan.

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History of this topic

Nissan, Honda announce plans to merge, creating world's No. 3 automaker
Top News
4 hours, 34 minutes ago

Nissan, Honda announce plans to merge, creating world's No. 3 automaker

Deccan Chronicle  

Tokyo: Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. Toyota has technology partnerships with Japan’s Mazda Motor Corp. and Subaru Corp. News of a possible merger surfaced earlier this month, with unconfirmed reports saying that …

Honda and Nissan expected to begin merger talks
10 hours, 41 minutes ago

Honda and Nissan expected to begin merger talks

Deccan Chronicle  

TOKYO: Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants catch up with Chinese rivals and Tesla on electric vehicles. Honda and Nissan -- Japan's number two and three automakers after Toyota -- are aiming to finalise a merger deal in June 2025, several media outlets said. Mitsubishi Motors, …

Nissan, Honda announce plans to merge
Top News
14 hours, 35 minutes ago

Nissan, Honda announce plans to merge

New Indian Express  

TOKYO: Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming the world’s third-largest automaker by sales. The plans come as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors also had …

Nissan, Honda announce merger, creating world’s third-largest carmaker
14 hours, 35 minutes ago

Nissan, Honda announce merger, creating world’s third-largest carmaker

Al Jazeera  

Plans, which include Mitsubishi, announced as Japan tries to gain foothold in electric vehicle market. Japan’s Honda and Nissan are planning a merger, which would create the world’s third-largest carmaker as the industry pivots away from fossil fuels. Honda, currently Japan’s second-largest carmaker, is widely viewed as the only national partner able to rescue Nissan, which has struggled since former …

Honda and Nissan talk potential merger to compete with Tesla and Chinese EV makers
Top News
5 days, 6 hours ago

Honda and Nissan talk potential merger to compete with Tesla and Chinese EV makers

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Top Japanese carmakers Honda and Nissan could join forces to compete with Chinese rivals in …

Japanese carmakers Honda, Nissan in preliminary merger talks: reports
Top News
5 days, 7 hours ago

Japanese carmakers Honda, Nissan in preliminary merger talks: reports

Deccan Chronicle  

Tokyo: Japanese auto giants Honda and Nissan are in preliminary merger talks to help them compete against Tesla and Chinese electric vehicle makers, media reports said Wednesday. Honda announced plans in May to double investment in electric vehicles to $65 billion by 2030, part of its ambitious target set three years ago of achieving 100 percent EV sales by 2040. …

Honda, Nissan start talking merger as Japan's auto sector continues to struggle in the EV era
Trending News
5 days, 9 hours ago

Honda, Nissan start talking merger as Japan's auto sector continues to struggle in the EV era

Firstpost  

If finalised, the merger bewteen Honda and Nissan would unite the assets of Japan’s second- and third-largest carmakers, creating a more robust contender to challenge market leaders like Toyota, Tesla, and rising Chinese EV brands Honda and Nissan have already signalled their intent to collaborate in the EV sector earlier this year. Image Credit: Reuters Honda and Nissan, two of …

Honda and Nissan are in merger talks
6 days, 14 hours ago

Honda and Nissan are in merger talks

CNN  

CNN — Honda and Nissan are discussing a possible merger, potentially bringing together two Japanese automaking titans that have recently fallen on hard times. “As announced in March, Honda and Nissan are exploring various possibilities for future collaboration, leveraging each other’s strengths,” the companies said in a statement Tuesday. “If there are any updates, we will inform our stakeholders at …

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic
1 week ago

Not only Volkswagen and Nissan, automakers world over are struggling after a rewarding pandemic

Firstpost  

A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Now, the industry is facing a harsh reality, according to a report A few years ago, automakers were celebrating record profits as the pandemic caused new car shortages, allowing them to raise prices. Competition from China is “starting to …

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China
2 weeks ago

BYD to outsell Ford, Honda, beat 2024 sales goals heartily as Tesla continues to struggle in China

Firstpost  

By the end of November, BYD had already delivered 3.76 million vehicles, including over 500,000 units in November alone, putting it on track to surpass its 4 million sales goal for the year The robust performance in China—where over 90 per cent of BYD’s sales occur—places the company ahead of Honda and Ford in global rankings for 2024. Image Credit: …

Nation poised to hold more than half of global EV fleet by 2025
3 weeks, 3 days ago

Nation poised to hold more than half of global EV fleet by 2025

China Daily  

By Liu Yukun | China Daily | Updated: 2024-11-29 08:59 Potential car buyers check out an NEV in Xiangyang, Hubei province. YANG DONG/FOR CHINA DAILY International consulting firm Gartner recently forecast that global electric vehicle ownership would rise significantly to hit 85 million by 2025, with China accounting for over half of the global EV fleet. Experts highlight that as …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
3 weeks, 4 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

How electric car sales have slumped around the world
1 month, 3 weeks ago

How electric car sales have slumped around the world

Daily Mail  

Electric vehicles have been touted as an environmentally-friendly solution to the climate crisis, giving passengers a smooth, emissions-free ride. Meanwhile, Chinese car manufacturer BYD – the world's largest seller of electric vehicles – saw global EV sales crash earlier this year. Electric vehicles run on energy from a charged battery much like a smartphone but come with hefty pricetags – …

Chinese EV maker BYD’s revenue beats Tesla for first time
1 month, 3 weeks ago

Chinese EV maker BYD’s revenue beats Tesla for first time

CNN  

Beijing — Chinese electric vehicle maker BYD posted an 11.5% rise in third-quarter net profit on Wednesday as it maintained strong sales momentum helped by government trade-in incentives. With third-quarter revenue up 24% on year to 201.1 billion yuan, BYD’s quarterly revenue for the first time outpaced Tesla, whose revenue for the July-September quarter reached $25.2 billion. BYD, whose cars …

Japan rivals Nissan and Honda will share EV components and AI research as they play catch up
4 months, 3 weeks ago

Japan rivals Nissan and Honda will share EV components and AI research as they play catch up

Associated Press  

TOKYO — Japanese automakers Nissan and Honda say they plan to share components for electric vehicles like batteries and jointly research software for autonomous driving. “Companies that don’t adapt to the changes cannot survive,” said Honda Chief Executive Toshihiro Mibe. By coming together in what Mibe and counterpart at Nissan, Makoto Uchida, repeatedly called “making friends” to achieve economies of …

Gas or electric? Splitting the difference could energize Chinese automakers
4 months, 3 weeks ago

Gas or electric? Splitting the difference could energize Chinese automakers

Live Mint  

Plug-in hybrids, which have both an internal combustion engine and an electric motor, are increasingly seen as the best of both worlds. Global PHEV sales grew 50% year over year in the first five months of 2024, according to Bernstein—far better than the 9% pace for pure electric vehicles. J.P. Morgan says they could account for 60% of new-energy vehicle …

Mitsubishi to join Honda-Nissan alliance
4 months, 3 weeks ago

Mitsubishi to join Honda-Nissan alliance

China Daily  

A Mitsubishi Motors sign is pictured next to a Mitsubishi Motors electric car at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. Japan's Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, according to the Nikkei newspaper. Mitsubishi Motors, which is 34 percent owned by Nissan, will work with Honda and Nissan to …

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.
5 months, 1 week ago

Electric cars: EV sales are slumping—but that doesn’t mean they're dead.

Slate  

It’s tough to gauge how well the United States’ burgeoning electric vehicle industry is faring in 2024. EV ownership is increasingly politicized, in both directions—liberals horrified by Elon Musk’s far-right turn are fueling the Tesla sales slump, while right-wingers fearmonger over foreign EV companies and want to get electric cars off the road altogether. You can see this in the …

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024
6 months, 1 week ago

EV sales in India to go up by 40 per cent to 1.75 million units in FY 2024

India TV News  

India's Electric Vehicle sales have reportedly grown by 17,52,406 units in FY 2023-24, stating a growth of 40.31 per cent on a Year-on-Year basis. The electric car segment sales have reportedly shot up by 82 per cent on a YoY basis, which further registering sales of 99,085 units in FY 2024. Electric bus sales soared to 3,708 units in FY2024 …

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets
7 months, 1 week ago

Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Associated Press  

TOKYO — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen through fiscal 2031 to deliver EV models around the world, including the U.S. and China. The so-called “0 Series,” a key part of Honda’s EV strategy, will be a totally new EV series created from “zero,” Chief Executive Toshihiro Mibe told …

Japanese automaker Honda reports booming profit on sales growth, weak yen
7 months, 1 week ago

Japanese automaker Honda reports booming profit on sales growth, weak yen

Associated Press  

TOKYO — Honda’s profit for the fiscal year through March jumped 70% as vehicle sales grew and a weak yen buoyed overseas earnings, the Japanese automaker reported Friday. Annual profit at Tokyo-based Honda Motor Co. totaled 1.1 trillion yen as sales surged nearly 21% to 20.4 billion yen. The maker of the Accord sedan and CR Electric Proto motorcycles was …

Japanese automaker Nissan reports 92% jump in profit as sales surge
7 months, 2 weeks ago

Japanese automaker Nissan reports 92% jump in profit as sales surge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Nissan’s profit for the fiscal …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

Crisis or opportunity: traditional automakers in EV race
7 months, 3 weeks ago

Crisis or opportunity: traditional automakers in EV race

China Daily  

A BYD vehicle on display during an expo in Paris, France. Delving into the changing global auto industry landscape, the article analyzes the challenges facing established automakers like Toyota and the advantages of emerging players, and provides insights into the future development of the industry. Toyota, the reigning champion of gasoline vehicles, has actively downplayed EVs and even hindered the …

China continues to drive global EV expansion
7 months, 4 weeks ago

China continues to drive global EV expansion

China Daily  

The BYD EV Dolphin Mini is displayed as the Chinese electric-vehicle producer announces the launch of the low-cost EV in Mexico City, Mexico on Feb 28. Newly published figures in the International Energy Agency's annual Global Electric Vehicle Outlook show that in the first quarter of 2024, sales grew by around 25 percent compared to the same period last year, …

Global car brands need to catch up, says expert
7 months, 4 weeks ago

Global car brands need to catch up, says expert

China Daily  

Xu Changming, an expert at the State Information Center, gives a speech at the seminar organized by Auto Star Works on April 23, 2024. International carmakers need to make "major changes" to stay competitive in China, the world's largest vehicle market, said Xu Changming, an expert at the State Information Center. Also, the State Information Center's survey show that those …

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?
8 months ago

Is the global EV bubble bursting? As global demand starts to slow, share prices tank and Tesla cuts 10% of the workforce....are car giants ready to slam the brakes on electric revolution?

Daily Mail  

Elon Musk's announcement that Tesla will lay off ten percent of its workforce shocked many but it may be inline with figures that suggest the global demand for electronic vehicles is slumping across the world. In the first quarter of 2024, the two biggest manufacturers of electronic vehicles, Tesla and its Chinese rival BYD reported dramatic sales drops compared against …

Nissan to export China-made vehicles from 2025
8 months, 3 weeks ago

Nissan to export China-made vehicles from 2025

China Daily  

Nissan's electric Arizon concept makes its global debut at the Shanghai auto show on April 18, 2023. The carmaker also plans to refresh 73 percent of Nissan-brand models and launch eight new energy vehicles, including four Nissan-branded models, by fiscal year 2026 in China, its second-largest market. Globally, Nissan aims to lift its annual sales by 1 million units and …

Japan’s Nissan promises an aggressive electrification push to cut costs and boost global sales
8 months, 4 weeks ago

Japan’s Nissan promises an aggressive electrification push to cut costs and boost global sales

Associated Press  

TOKYO — Nissan will expand its electric vehicle lineup, develop more powerful batteries and cut production costs, while speeding up the whole process, in what the Japanese automaker’s chief called “The Arc” pathway to higher sales by 2030. Last year, Nissan Motor Co. sold nearly 3.4 million vehicles around the world, up about 5% from the previous year. Nissan plans …

Fierce rivals Honda and Nissan join forces to take on Chinese car makers
9 months ago

Fierce rivals Honda and Nissan join forces to take on Chinese car makers

ABC  

In short: Honda and Nissan have signed a new alliance to work together on EV technology. Rival Japanese car makers Honda and Nissan have announced they will work together to develop electric vehicle technology and auto intelligence – two sectors where Japan's automakers have fallen behind. Honda president Toshihiro Mibe said the companies shared common values and could create "synergies" …

Honda and Nissan agree to work together in developing electric vehicles and intelligent technology
9 months, 1 week ago

Honda and Nissan agree to work together in developing electric vehicles and intelligent technology

Associated Press  

TOKYO — Nissan and Honda announced Friday that they will work together in developing electric vehicles and auto intelligence technology, sectors where Japanese automakers have fallen behind. The chief executives of Nissan Motor Co. and Honda Motor Co. appeared together at a news conference in Tokyo to announce that Japan’s second and third biggest automakers will look into areas with …

How Toyota accelerated past the electric car slowdown
10 months, 1 week ago

How Toyota accelerated past the electric car slowdown

The Telegraph  

Speaking to Toyota employees last month, Akio Toyoda sounded slightly bruised. The chairman of the world’s biggest car maker described how he had been “beaten up” by critics for refusing to bet all his company’s chips on electric vehicles. The decision has infuriated climate activists who once praised Toyota for its eco-friendly Prius hatchback, while even industry insiders have wondered …

EVs won over early adopters, but mainstream buyers aren't along for the ride yet
10 months, 2 weeks ago

EVs won over early adopters, but mainstream buyers aren't along for the ride yet

NPR  

EVs won over early adopters, but mainstream buyers aren't along for the ride yet Enlarge this image toggle caption Jeff Kowalsky/AFP via Getty Images Jeff Kowalsky/AFP via Getty Images Bad headlines for electric vehicles have been piling up lately. Even Tesla, the all-electric juggernaut that has shaped the rise of EVs in the U.S., warned investors that it's in between …

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call
10 months, 3 weeks ago

Tesla loses over $82 billion, stock plunges 12% in a single day after ‘disastrous’ earnings call

Firstpost  

The stock value of Tesla saw a significant dip of just over 12% on Thursday following remarks by CEO Elon Musk highlighting the challenges posed by Chinese electric-car manufacturers, whom he referred to as “the most competitive car companies in the world.” During Tesla’s earnings call on Wednesday, Musk praised Chinese carmakers such as BYD, Geely, and SAIC, emphasizing their …

Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory
1 year ago

Nissan will invest $1.4 billion to make EV versions of its best-selling cars at its UK factory

Associated Press  

LONDON — Nissan will invest $1.4 billion to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing economy. “Nissan’s investment is a massive vote of confidence in the U.K.’s automotive industry,” which contributes 71 billion pounds a year to the …

Honda and General Motors end ‘affordable’ EV partnership
1 year, 1 month ago

Honda and General Motors end ‘affordable’ EV partnership

Live Mint  

Japanese automaker Honda and United States giant General Motors have jointly announced the discontinuation of their partnership aimed at producing affordable electric vehicles from 2027, AFP reported. GM's statement earlier this week also indicated they are moderating EV production in North America to protect pricing, adapt to reduced near-term demand growth, and implement engineering efficiency enhancements. Japanese automakers have faced …

Honda shelves plan to co-develop smaller EVs with GM: Report
1 year, 1 month ago

Honda shelves plan to co-develop smaller EVs with GM: Report

The Hindu  

Honda Motor is shelving plans to jointly develop affordable electric vehicles with General Motors due to a changing business environment, Bloomberg News reported on Wednesday, citing an interview with Honda CEO Toshihiro Mibe. "After studying this for a year, we decided that this would be difficult as a business, so at the moment, we are ending development of an affordable …

Honda takes another crack at U.S. EV market with help from GM
1 year, 2 months ago

Honda takes another crack at U.S. EV market with help from GM

LA Times  

Honda’s E, an electric compact car, at the Brussels Expo in January. Honda Motor Co. is trying to crack into the U.S. market for electric vehicles with a new model and an old strategy: If you can’t beat ’em, join ’em. With an estimated 300 miles per battery charge and a price tag in the high-$40,000 range, the Prologue is …

China’s automakers take the world by storm with electric vehicle push
1 year, 3 months ago

China’s automakers take the world by storm with electric vehicle push

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Chinese companies exported nearly 350,000 EVs to nine European countries in the first half of the year, more than they exported in all of 2022, according to data from the China Passenger Car …

China’s automakers take the world by storm with electric vehicle push
1 year, 3 months ago

China’s automakers take the world by storm with electric vehicle push

CNN  

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter which explores what you need to know about the country’s rise and how it impacts the world. Chinese companies exported nearly 350,000 EVs to nine European countries in the first half of the year, more than they exported in all of 2022, according to data from the China Passenger Car …

Nissan Global EV Sales Surpass 1 Million Unit Milestone
1 year, 4 months ago

Nissan Global EV Sales Surpass 1 Million Unit Milestone

News 18  

Ever since Nissan entered in the electric segment, it has received a positive response from customers. On August, 3, the band released an official statement, claiming it has achieved a 1 million unit sales milestone in the EV segment globally. Nissan LEAF Sales As per the details shared by the company in the official release, it has revealed that Nissan …

1 in Every 7 Cars Sold Now an EV, China's BYD Leaves Behind Tesla
1 year, 6 months ago

1 in Every 7 Cars Sold Now an EV, China's BYD Leaves Behind Tesla

News 18  

One in every 7 cars sold during the first quarter this year was an electric vehicle, dominated by China’s BYD at 21.1 percent market share while Tesla was at second spot, with 16 percent share, a report showed on Wednesday. “Tesla slashed prices for its models globally in January, following which other automotive brands announced similar cuts for their car …

Honda launches mid-size SUV Elevate, announces plans to go fully electric
1 year, 6 months ago

Honda launches mid-size SUV Elevate, announces plans to go fully electric

Deccan Chronicle  

NEW DELHI: Japanese car maker Honda is entering the electric route by launching a pure electric SUV for the Indian market, dominated by Tata Motors and others such as MG Motor, and Hyundai, among others. “Two-thirds of our cars in India will be electrified by 2030 and all our cars will be fully electric, powered by either battery or fuel …

Toyota Accelerates EV Revamp With Extra $7 Billion Investment
1 year, 7 months ago

Toyota Accelerates EV Revamp With Extra $7 Billion Investment

Live Mint  

TOKYO—Toyota’s new management, looking to make up lost ground in electric vehicles, said it would add billions of dollars in spending to reach EV targets. Toyota said Wednesday it would invest an additional ¥1 trillion, equivalent to $7.4 billion, in EVs through 2030, bringing Toyota’s total planned outlays for the period to around $37 billion. The automaker estimates it will …

Tesla delivers 88,869 China-made EVs in March: Report
1 year, 8 months ago

Tesla delivers 88,869 China-made EVs in March: Report

Hindustan Times  

Tesla sold 88,869 units of China-made electric vehicles in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association showed on Tuesday. By comparison, BYD sold 206,089 units last month with its Dynasty and Ocean series of EVs and hybrids, up 97.5% from a year ago, CPCA data showed. …

Nissan, Renault to pump in $600 million to make 6 new models in India
1 year, 10 months ago

Nissan, Renault to pump in $600 million to make 6 new models in India

Hindustan Times  

Nissan Motor Co and Renault SA said on Monday they would invest $600 million to make six new models in India, one of three markets in which the two automakers plan to coordinate closely in a revamped alliance announced last week. The move will help address falling market shares for the Japanese and French companies in a market with rising …

Renault, Nissan to invest Rs 5,300 crore in India; EVs in focus
1 year, 10 months ago

Renault, Nissan to invest Rs 5,300 crore in India; EVs in focus

India TV News  

Renault and Nissan have revealed their plans to invest approximately USD 600 million in India. The plans also include a long-term vision for India, including supporting increased production and research and development efforts, introducing electric vehicles, and transitioning to carbon-neutral manufacturing. Apart from this, Renault and Nissan have also announced their plans to produce six new vehicles for both domestic …

Electric vehicle market likely to cross 1 crore sales mark per annum by 2030: Economic Survey
1 year, 10 months ago

Electric vehicle market likely to cross 1 crore sales mark per annum by 2030: Economic Survey

The Hindu  

India's electric vehicles market is expected to grow to one crore units annual sales by 2030 and create 5 crore direct and indirect jobs, according to the Economic Survey 2022-23. The survey tabled in Parliament on January 31 said that in December 2022, India became the third-largest automobile market, surpassing Japan and Germany in terms of sales. The domestic electric …

EVs made up 10% of all new cars sold last year
1 year, 11 months ago

EVs made up 10% of all new cars sold last year

Live Mint  

BERLIN : Electric-vehicle sales crossed a global milestone last year, achieving around 10% market share for the first time, driven mainly by strong growth in China and Europe, according to fresh data and estimates. In Germany, the largest auto market in Europe, electric vehicles accounted for 25% of new vehicle production last year, according to VDA, the German automotive manufacturers …

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