Volkswagen’s Herbert Diess to head volume brand division

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Volkswagen brand chief Herbert Diess is going to head up a volume brands division which consists of responsibility for Skoda and Seat, two sources knowledgeable about the matter stated on Thursday. The recently created volume brand group will also consist VW’s commercial-vehicle division, one of the sources informed. “Diess will get immense power,” he stated. […]

Solid Power, BMW to collaborate in developing next-generation EV batteries

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U.S. EV battery company Solid Power stated it had partnered with Germany’s BMW AG to develop the next-generation solid-state battery innovation for use in electric cars (EVs). BMW will help in advancing Solid Power’s technology to achieve performance levels needed for high-performance EVs, Louisville, Colorado-based Solid Power stated. Financial terms of the deal were not […]