The Smart, Jeep, Land Rover, Fiat, Maserati, Honda, Lexus, Nissan, Peugeot, Suzuki, Ferrari and Mercedes brands all reported triple-digit sales percentage increases in April, helping to overall market grow by more than 260 percent last month.
The Skoda Octavia continued its strong performance with 13 top fives after four months. The compact car was No. 1 through April in Austria, the Czech Republic, Latvia, Slovakia and Slovenia, according to market researcher JATO Dynamics.
InoBat Auto, a Slovakia-based battery cell making startup that was formed in 2019, is looking to capitalize on a predicted sixfold increase in electric vehicle production in Europe in the next five years. The company's head of business development, Jonathan Carrier, explained how to Automotive News Europe.
Nearly 40 percent of the Europe's partsmakers have a positive outlook, according to a study done by the European supplier organization, CLEPA. That is up from 8 percent last autumn. CLEPA Secretary General Sigrid de Vries explains why there has been such a big improvement despite new challenges such as the chip shortage.
The Lancia, Jeep, Fiat, Peugeot, Citroen, Maserati and Alfa Romeo brands all reported triple-digit sales percentage increases in March, helping their new parent company Stellantis grow by nearly 140 percent for the month.
Polestar CEO Thomas Ingenlath is happy that the electric vehicle market is attracting a new wave of companies, but he is concerned that some of the players are more concerned about their stock valuations than addressing the climate crisis.