After a large increase of European registrations experienced in December 2019, volumes for January have decreased, marking another month of transition for the complex new car market. A total of 1,138,057 new passenger cars were registered in January 2020, representing a decline of 7.6 per cent from January 2019. This steep reduction was in large [...]

Fortum, BASF, and Nornickel have signed a letter of intent to plan a battery recycling cluster in Harjavalta, Finland, serving the electric vehicle market. This would enable a successful “closed loop” cycle to reuse the critical metals present in used batteries. Using metals from recycled batteries to produce battery materials offers significant CO2 reduction in the [...]

Volvo Cars inaugurated a brand-new battery assembly line at its Belgian manufacturing plant in Ghent, where it will start building its first fully electric car, the XC40 Recharge P8, later this year. The inauguration is the latest proof point for Volvo Cars’ electrification strategy and its climate action plan. It aims to reduce its lifecycle [...]

The Volkswagen Group has reported an increase in sales revenue in 2019 by €16.8bn to €252.6bn and operating profit before special items rose to €19.3bn (£16.5bn). At 7.6, the operating return on sales before special items slightly exceeded the forecast range for 2019. Operating profit also improved to €17bn. In the Automotive Division, net cash [...]