KIA WINS CAR OF THE YEAR AWARD
The KIA EV6 has won the prestigious Car of the Year award, which was announced in Geneva but not whilst the motor show was on due to changes with the event. The EV6 is the first KIA to win and it fought off the Renault MeganeE-Tech Electric and the Hyundai IONIQ third. For more on this story, click the Autocar article here.
STELLANTIS EXCEEDS FINANCIAL EXPECTATIONS
Stellantis announced their financial results, for 2021, which exceeded expectations. Their nett profit, operating income and nett revenues far outpaced 2020, which is to be hoped and expected. All of which makes the announcement that they expect their suppliers to shoulder a bigger slice of the costs for EV tech rather hard to swallow. To read about this, click here for the Autocar article.
ASTON MARTIN NARROWS LOSSES
In 2020 Aston Martin loses were £466 million, during 2021 they reduced that figure to £213.8 million. Added to which their revenue was up 79% to £1.1 billion. Aston is hopeful they will deliver between 75 and 90 Valkyries to customers in 2022. The plan is to return to an operating profit in 2022 as well. For more on this, click the YesAuto story here.
RENEWED PORSCHE IPO INTEREST FROM VW GROUP
There is renewed talk of a Porsche IPO, with the VW Group to be in ‘advanced discussions’ regarding the shape this would take. Some or even many, have questioned why this has not happened before. Some have priced Porsche value at €85 billion, which the VW Group could do with as they push further into EV technology. More on this story can be found by clicking here for the YesAuto article.
MORE 50MPH STRETCHES IN WALES
In an effort to tackle pollution, in South Wales, two more sections of roads are being considered for a speed limit of 50mph. This is one option for the next stage in improving the air quality of the region. A public consultation will be undertaken when the full options have been explored. To learn more, click the BBC News article here.
SHEFFIELD CHOSEN FOR BATTERY TECH R&D AND MANUFACTURING
The Ultimate Battery Company (UBC) has picked Sheffield to locate their new research and development and manufacturing facility. They are working on advanced battery technology that will help reduce costs, improve charging capacity and quicker charging times. For further on this story, click the ZapMap article here.
HOME EV CHARGING GRANT RULES CHANGING
The Government will be changing the rules over grants for the Electric Vehicle Homecharge Scheme (EVHS). If you live in a detached, semi-detached, terraced or bungalow house you will no longer be...
