EV Sales: "The linear extrapolation of registrations leads to us not hitting the 15 million by 2030, that is true," Economy Minister Robert Habeck said in response to a question from reporters at an event in Berlin.
Ford: The No. 2 U.S. automaker said it would cut production at its Michigan Rouge Electric Vehicle Center to one shift starting April 1. In October, the automaker said it would temporarily cut one of three shifts at the Michigan plant that builds the electric F-150 Lightning pickup truck.
UK Car Output: "UK car production is firmly back on track following the tough COVID years and resulting supply chain challenges," Mike Hawes, CEO of the Society of Motor Manufacturers and Traders, said. Export volumes increased by 15.2%, mainly driven by demand from the European Union, China and Turkey, the data showed.
Euler Motors Net Loss: The Delhi-based company reported a 250% on-year jump in revenue from operations to Rs 61.53 crore, according to its financial statements filed with the Registrar of Companies.