Why expensive power could soon accelerate, rather than retard, the US EV adoption divide
Thus far US BEV adoption has largely been strongest in areas that have higher residential power prices. What if that became a feature, not a bug?
Volkswagen (VW) brings together a number of heritage auto brands including Audi, Bentley, Lamborghini, Seat, Skoda and Volkswagen. VW produces using multiple cross-brand platforms, creating scale benefits and efficiency. https://www.volkswagen-group.com/
VW has team in place to sell battery arm stake, but operating losses may limit interest
The Amsterdam-headquartered conglomerate joins Renault and Tesla in Teutonic turmoil
Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
The two firms have firmed up a joint E/E architecture development agreement
The OEM and start-up are targeting accelerated mass production of the fledgling technology
A sectoral drop in demand has also put Audi's Brussels plant in play
OEMs will develop joint EV platform architecture while Rivian gets much-needed boost to its coffers
New leadership appointments increasingly stress track records on delivering in e-mobility
Chinese firms have long enjoyed lower operating costs compared to Western rivals
VW leads OEMs hoping to wow with launches in Beijing this week
The long-time European all-electric national leader has lost its crown for now
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