At the end of November, Northvolt, a Swedish company specialising in batteries for electric vehicles, filed for protection from creditors in the United States. The move is intended to help the company overcome its financial difficulties and enable it to restructure. However, this situation could have a negative impact on European car companie...
It has long been talked about, but many hoped that it would eventually be avoided. But now the reality is inevitable. The German car companies are facing serious problems, which is negatively affecting not only the German economy, but also the Czech economy. According to some experts, the impact on the economy could be worse than originally expe...
Online taxi service Uber has entered into a deal with Chinese electric car manufacturer BYD, the world's largest, to add 100,000 electric cars to its fleet. Both companies will offer Uber drivers incentives to switch to these vehicles through discounts on maintenance, charging, financing and leasing. The multi-year deal covers Europe and Latin A...
In the last financial year, Toyota Motor, Japan's leading carmaker, recorded an impressive rise in net profit, which almost doubled to a record 4.94 trillion yen, equivalent to about 742 billion kronor. This remarkable increase in profits was supported by several factors, including strong demand for vehicles following the end of the covid-19 pan...
The European Union faces significant challenges that require urgent action and restructuring ahead of the upcoming European Parliament elections. The political direction is gradually changing, highlighting the need to respond to stagnation and lack of investment. The European Commission, most likely to be led again by Ursula von der Leyen, recog...
In the Czech Republic, the automotive industry is unusually quiet ahead of the coming storm. Domestic car manufacturers, especially Škoda Auto, are still continuing productive production and sales, which has important implications for many other companies operating as subcontractors. However, there is already competition abroad that is planning ...
The tenth edition of the Formula E Championship is underway and is set to revolutionise electric car racing. The automotive giants are showcasing their latest technologies in extreme conditions, which could influence the future of production electric cars. The championship, which includes 17 races in ten cities on four continents, began in mi...
Automotive giant Skoda Auto has announced that it will increase global vehicle production to more than 888,000 units in 2023, an increase of around 108,000 vehicles compared to the previous year. Of this total, more than 781,000 vehicles will come from the Czech Republic's manufacturing plants in Mladá Boleslav and Kvasiny, while over 52,000 ...
The first cargo ship designed to export cars to Europe sets sail from China. Chinese electric car manufacturer BYD has chartered a vessel capable of carrying up to 7,000 cars. The initiative follows BYD's success in its home market and its drive to expand rapidly abroad. In the last quarter, BYD even became the world's largest electric car ma...
