Job Change x Trend News] Can’t Take My Eyes Off of You! Summary of the latest EV situation

Here you will find trending news topics in the automotive and mobility markets around the world.

We carefully select interesting news in the automotive industry, both domestic and international, and translate and summarize the contents for your reference. We hope you will find it useful in catching up with the latest news in the industry.

Volvo Announces New High-Performance EV Drives 300 Kilometers on a 10-Minute Charge

Mar 5, 2025 by Tokyo Shimbun

Volvo Car unveiled its new electric vehicle, the ES90. This EV can travel approximately 300 km on a 10-minute quick charge, solving the problem of charging time.

Equipped with an NVIDIA computer, it has improved perimeter monitoring capability, and a model capable of traveling up to approximately 700 km is also available. In Japan, delivery is scheduled to begin in 2026, but the price has not yet been determined. In order to shorten the charging time, next-generation quick chargers will need to be installed.

In Europe, EV penetration has been lower than expected, and Volvo has withdrawn its goal of becoming a dedicated EV manufacturer by 2030, but maintains its policy of aiming for full electrification in the long term.

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Sterantis-owned Maserati withdraws plans to electrify its sports cars.

Mar 12, 2025 by Reuters

Maserati withdrew plans to launch the MC20 Folgore, an electric version of the MC20 sports car, on November 11.

The MC20, launched in 2020, will be produced in Modena, northern Italy, with prices starting at around 240,000 euros.

Maserati sold 11,300 vehicles last year, down significantly from 26,600 the year before, and posted an operating loss of 260 million euros. Meanwhile, competitor Ferrari plans to launch its first EV this October, while Lamborghini and Porsche already offer EVs starting in 2029 and 2019, respectively.

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Automotive Battery Northolt Files for Bankruptcy in Sweden, Hurting European Auto Industry

Mar 12, 2025 by Reuters

Swedish electric vehicle battery manufacturer Northvolt filed for bankruptcy.This is one of the largest bankruptcies ever for a Swedish company and a major blow to the European EV battery industry.

The company had filed for Chapter 11 bankruptcy protection in the U.S. last November, but “failed to secure the necessary financial terms,” the company said in a statement. Northolt, which has Volkswagen and Goldman Sachs as major shareholders, had been a hopeful star for the European auto industry to reduce its dependence on Chinese companies such as CATL and BYD.

In response to the financial crisis, suppliers such as Porsche and Scania are working to secure alternative suppliers; BMW cancelled a $2 billion contract last year.

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