The German automaker is betting big on electric vehicles with its "Neue Klasse." The new generation of EVs will be available from 2025.
With more than 41 percent of exhibitors at the Munich IAA mobility show headquartered in Asia, analysts say European carmakers will need to prove their ability to compete with China in the electric vehicle age.
High costs, lower demand, fiercer competition — the German automotive industry is coming under pressure. The lucrative Chinese market, in particular, is proving difficult as Chinese consumers choose national brands.
Battery electric vehicles have climbed to a record share of new car sales in the EU, albeit still a modest 12.1%. In the last quarter, alternatively-powered vehicles outsold petrol and diesel for the first time.
25 Jan 2020
Lithium, a vital component of batteries contained in mobile phones, computers and electric cars, is a prized metal. In Portugal, which sits on vast, untapped deposits, it's also a divisive topic. The Socialist government wants the country to become the number one European supplier of the metal, with plans to create thousands of jobs. But not all Portuguese are happy about this new mining business and its environmental impact.
21 Mar 2019
Customers face a false choice between people or the planet when buying electric cars, according to a rights watchdog. Amnesty International has called for the industry to make "radical changes" in five years.
30 Jan 2019
Rio Tinto is looking to add nickel and lithium to its mix of materials as the growth of electric cars leads to a boom in metals needed for rechargeable batteries.