Electric cars

Auto Manufacturers Shift Into Electricity, Auto News, ET Auto

LONDON – As electric car sales skyrocket and regulations increasingly favor zero-emission vehicles, a wave of announcements on Monday showed how the global auto industry has shifted into high gear as it is racing to overtake the era of fossil fuel cars.

As part of its own € 30 billion ($ 34.7 billion) electrification plan, Stellantis – born from the merger of PSA and Fiat Chrysler earlier this year – said it has reached a preliminary deal with the manufacturer of LG Energy Solution batteries to produce battery cells and modules for North America, where the world’s No.4 automaker predicts that more than 40% of its sales in the United States will be electric vehicles (EVs) d ‘by 2030.

This follows a recent announcement that Daimler AG will take a 33% stake in battery cell maker Automotive Cells Company (ACC), founded in 2020 by Stellantis and TotalEnergies in 2020.

Automakers are fighting to secure battery supply as they go electric, with dozens of new battery factories planned in Europe and America.

Ford Motor Co’s plans to go electric in Europe received a boost on Monday as the company announced it would invest up to 230 million pounds ($ 316 million) to refit an engine plant. in the north of England to produce electric car powertrains instead of combustion engine transmissions. .

The No.2 U.S. automaker has said its car lineup in Europe will be fully electric by 2030.

Companies like automaker Mercedes-Benz Daimler have warned that the switch to electric will cost jobs at combustion engine factories, so Ford’s announcement is a boost for workers who make fossil-fuel engines at its factory in Halewood near Liverpool.

The switch to electric has also been accompanied by changes in the automotive landscape, with a large number of startups hoping to become the next Tesla Inc.

This has caught the attention of Foxconn from Taiwan, which has ambitious plans to branch out and move away from its role of building consumer electronics for Apple Inc and other tech companies.

Indeed, Foxconn on Monday unveiled its first three prototypes of electric vehicles – an SUV, sedan and bus – manufactured by Foxtron, a company between Foxconn and Taiwanese automaker Yulon Motor Co Ltd.

It first mentioned its ambitions for electric vehicles less than two years ago and has moved relatively quickly, this year announcing deals to build cars with U.S. startup Fisker Inc and Thai energy group PTT Pcl.

The need for speed was also a reason Volkswagen AG asked Tesla CEO Elon Musk to address senior executives at the German automaker over the weekend.

Volkswagen CEO Herbert Diess has made no secret of his ambitions to hunt down and overtake Tesla, the world’s leading manufacturer of electric cars.

But in a Linkedin post, Diess said he invited Musk as a “surprise guest” to make it clear that VW needed faster decisions and less bureaucracy for what he called the biggest. transformation of the company’s history.

The plant will produce around 250,000 power units per year from mid-2024, the first in-house European site to manufacture electric vehicle parts for Ford, which has pledged its car lineup for the continent. be fully electric by 2030.

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