Automakers are racing to develop electric cars
Automakers are racing to develop electric cars

With electric vehicle sales soaring and zero-emission vehicle regulations moving forward, a number of new announcements indicate that the global auto industry is accelerating the era of fossil fuel vehicles going forward.

As part of its €30 billion ($34.7 billion) energy plan. Stellantis has reached an initial agreement with battery maker LG Energy Solution. Production of batteries and battery cells for North America.

The world's fourth largest automaker predicts that by 2030 more than 40% of its sales in the United States will be electric vehicles.

Previously, Daimler had recently announced that it had acquired a 33% stake in battery manufacturer ACC. Founded in 2020 by Stellantis and TotalEnergies.

Automakers are struggling to ensure battery performance when switching to electric. With the planning of dozens of new battery factories in Europe and America.

Ford's plan to switch to electrification was promoted in Europe. The company said it would invest up to 230 million pounds ($316 million) to remodel an engine plant in northern England. This is the production of automotive electrical appliances, not internal combustion engine transmissions.

The second largest US automaker has announced that its range of European cars will be fully electric by 2030.

Companies like Daimler have warned that switching to electrification will lead to fewer jobs at internal combustion engine plants. So Ford's announcement is an encouragement to workers who make fossil fuel engines at the Hallwood plant near Liverpool.

The switch to electrification is also accompanied by changes in the automotive sector. Many startups hope to become the next Tesla company.

Electric cars are getting more and more popular

This caught the attention of Foxconn in Taiwan. The company has ambitious plans to expand and give up its consumer electronics manufacturing role to Apple and other technology companies.

Foxconn announced that its first three models - SUVs, sedans and buses - were manufactured by Fujitron. This is a project between Foxconn and Taiwanese automaker Yulon Motors.

She first spoke of her electric car ambitions less than two years ago, and it has gone through relatively quickly. That year, the company announced a car contract with American startup Fisker and PTT Pcl, a Thai energy company.

The need for speed is also the reason why Volkswagen is asking Tesla's boss to make a video call speech. In front of the executives of this German car manufacturer.

Herbert Diess, head of Volkswagen, has made no secret of his ambitions to sue the world's leading electric car maker, Tesla.

But in a LinkedIn post. Des said he invited Elon Musk as a surprise guest. It's about ensuring that Volkswagen needs faster decisions and less bureaucracy in order to achieve what it believes is the biggest transformation in the company's history.

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