Tag #E-Mobility

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zeit.de

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Jul 25, 16:12

Porsche Q2 Profit Plunges 91% Amidst Market Challenges

Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.

Porsche Q2 Profit Plunges 91% Amidst Market Challenges

Porsche's Q2 2024 operating profit drastically fell 91% to €154 million due to decreased sales (particularly in China), high restructuring costs, US tariffs, and e-mobility investments; revenue dropped 12.9% to €8.3 billion.

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What factors contributed to Porsche's dramatic 91% drop in operating profit during the second quarter of 2024?

Porsche's operating profit plummeted 91% in Q2 2024 to €154 million, compared to €1.7 billion in Q2 2023. This significant drop is attributed to decreased sales in China and the US, high restructuring costs, US import tariffs, and investments in e-mobility. The company's revenue also fell by 12.9% to €8.3 billion.

taz.de

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Jul 8, 19:20

EU Auto Industry Job Losses: Climate Policy and Industrial Strategy

A Transport & Environment study projects that the European auto industry could lose up to one million jobs by 2035 if EU climate rules are weakened, but with effective industrial policy, job losses could be limited to 4 percent, boosting domestic value creation by 11 percent and creating additional ...

EU Auto Industry Job Losses: Climate Policy and Industrial Strategy

A Transport & Environment study projects that the European auto industry could lose up to one million jobs by 2035 if EU climate rules are weakened, but with effective industrial policy, job losses could be limited to 4 percent, boosting domestic value creation by 11 percent and creating additional ...

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How does the study account for the impact of the energy transition on existing combustion engine manufacturing plants?

The study models three scenarios. Scenario one projects substantial job losses with weakened climate regulations, aligning with GlobalData's market predictions. Scenario three, featuring effective industrial policy, shows the industry maintaining near current employment levels by prioritizing domestic production and e-vehicle demand.

welt.de

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May 21, 16:12

Low E-Vehicle Charging Usage Cripples German Smaller Gas Stations

German smaller gas stations face financial struggles due to low electric vehicle charging station usage, averaging only 100 charges per station yearly, despite significant investments (€350,000 per high-performance charger) and bureaucratic delays in obtaining permits.

Low E-Vehicle Charging Usage Cripples German Smaller Gas Stations

German smaller gas stations face financial struggles due to low electric vehicle charging station usage, averaging only 100 charges per station yearly, despite significant investments (€350,000 per high-performance charger) and bureaucratic delays in obtaining permits.

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What are the primary financial challenges faced by smaller gas stations in Germany due to their investments in electric vehicle charging infrastructure?

On average, only one in three days did a Tesla, Porsche, or Mercedes stop by our fast-charging stations last year," said Carsten Müller, CEO of the German Federation of Independent Filling Stations (BfT). This reflects the low utilization rates of electric vehicle charging stations at smaller gas stations, averaging only 100 charges per station annually. The low usage makes these investments currently unprofitable, with each high-performance charging station costing around €350,000.

forbes.com

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May 15, 01:11

Blockchain Startup Turing Space Secures $3M Funding to Combat Identity Fraud

Turing Space, cofounded by Hu Yao-chieh and Hang Meng-tse, uses blockchain technology to create tamper-proof digital certificates for documents, securing over $3 million in funding and partnering with organizations like the WHO and Taipei city government to combat identity fraud.

Blockchain Startup Turing Space Secures $3M Funding to Combat Identity Fraud

Turing Space, cofounded by Hu Yao-chieh and Hang Meng-tse, uses blockchain technology to create tamper-proof digital certificates for documents, securing over $3 million in funding and partnering with organizations like the WHO and Taipei city government to combat identity fraud.

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What is the significance of Turing Space's blockchain-based digital certificate solution in addressing identity fraud and improving credential verification globally?

Turing Space, founded by Hu Yao-chieh and Hang Meng-tse, offers a blockchain-based solution for tamper-proof digital certificates, addressing the growing issue of identity fraud. This subscription service boasts clients such as the Taipei city government and the WHO, showcasing its impact and market acceptance. The recent $3 million funding round will fuel product development and international expansion.

welt.de

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Apr 28, 10:12

Germany Plans E-Mobility Incentives Amidst Budgetary Uncertainty

Germany's new coalition government is planning to incentivize e-mobility, with discussions focusing on various options including purchase premiums or tax deductions to support the electric vehicle market; however, the exact form and implementation timeline remain uncertain due to budget constraints ...

Germany Plans E-Mobility Incentives Amidst Budgetary Uncertainty

Germany's new coalition government is planning to incentivize e-mobility, with discussions focusing on various options including purchase premiums or tax deductions to support the electric vehicle market; however, the exact form and implementation timeline remain uncertain due to budget constraints ...

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Climate Action

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What specific measures will Germany's new coalition take to boost electric vehicle sales after the end of the environmental bonus?

Germany's coalition government plans to incentivize e-mobility, although the exact method remains unclear. Following the 2023 termination of the environmental bonus, electric vehicle sales plummeted, but demand has since rebounded. Discussions are underway regarding potential new purchase incentives or tax deductions.

sueddeutsche.de

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Apr 3, 07:17

Webasto Announces 650 Job Cuts in Germany

Webasto, a German automotive supplier, announced 650 job cuts at its German sites on Wednesday, citing market challenges including the transition to e-mobility and increased costs, following 1300 job cuts in 2022 and a €195 million loss in 2023.

Webasto Announces 650 Job Cuts in Germany

Webasto, a German automotive supplier, announced 650 job cuts at its German sites on Wednesday, citing market challenges including the transition to e-mobility and increased costs, following 1300 job cuts in 2022 and a €195 million loss in 2023.

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What is the immediate impact of Webasto's job cut announcement on its German workforce and the broader automotive industry?

Webasto, a German automotive supplier, announced 650 job cuts across its German sites, impacting nearly one-sixth of its workforce. This follows 1300 job cuts last year, totaling 1950 job losses in two years. The company cited market challenges, including the transition to e-mobility and increased costs, as reasons for the reduction.

welt.de

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Jul 18, 16:17

Porsche Announces Further Cost Cuts Amidst Declining Profits

Porsche CEO Oliver Blume announced a new cost-cutting plan for 2025 due to declining profits caused by decreased sales in China, increased US tariffs, and slow e-mobility transition; the company's first-quarter 2025 operating profit fell 40.6 percent to €0.76 billion.

Porsche Announces Further Cost Cuts Amidst Declining Profits

Porsche CEO Oliver Blume announced a new cost-cutting plan for 2025 due to declining profits caused by decreased sales in China, increased US tariffs, and slow e-mobility transition; the company's first-quarter 2025 operating profit fell 40.6 percent to €0.76 billion.

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What immediate actions is Porsche taking to address its declining profitability, and what are the most significant consequences?

Porsche's CEO, Oliver Blume, announced a new round of cost-cutting measures due to a challenging market environment and slower-than-expected e-mobility transition. The company's first-quarter 2025 operating profit dropped 40.6 percent to €0.76 billion, and a second structural package will be negotiated in the second half of 2025.

zeit.de

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Jun 3, 16:14

German Households Hold Key to Smoothing Renewable Energy Fluctuations

A study by Eon and FfE shows that German households could shift 15.6 terawatt-hours of electricity consumption—equivalent to the combined usage of Munich and Warsaw—by adjusting usage of appliances like washing machines and dryers to off-peak hours; this potential could almost double by 2030 due to ...

German Households Hold Key to Smoothing Renewable Energy Fluctuations

A study by Eon and FfE shows that German households could shift 15.6 terawatt-hours of electricity consumption—equivalent to the combined usage of Munich and Warsaw—by adjusting usage of appliances like washing machines and dryers to off-peak hours; this potential could almost double by 2030 due to ...

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Affordable and Clean Energy

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What are the key factors driving the projected increase in household electricity flexibility potential by 2030, and what role do different technologies play?

The study highlights the imbalance between fluctuating renewable energy generation and peak electricity demand. Shifting energy-intensive household tasks like laundry to off-peak hours could significantly mitigate this issue. This flexibility is crucial for integrating renewable energy sources into the grid effectively.

welt.de

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May 20, 10:13

Low EV Adoption Cripples German Mid-Sized Gas Stations' E-Mobility Investments

German mid-sized gas stations are struggling with low returns on their electric vehicle (EV) charging investments due to limited EV adoption, high infrastructure costs (€350,000 per high-power charger), and lengthy bureaucratic permitting processes; the average station recorded only 100 EV charging ...

Low EV Adoption Cripples German Mid-Sized Gas Stations' E-Mobility Investments

German mid-sized gas stations are struggling with low returns on their electric vehicle (EV) charging investments due to limited EV adoption, high infrastructure costs (€350,000 per high-power charger), and lengthy bureaucratic permitting processes; the average station recorded only 100 EV charging ...

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What are the immediate economic impacts of low electric vehicle adoption on the profitability of mid-sized German gas stations' investments in e-mobility infrastructure?

In 2023, German mid-sized gas stations averaged only 100 EV charging sessions per station annually, representing a significant underutilization of their substantial investments in e-mobility infrastructure. This low usage rate, coupled with high setup costs of approximately €350,000 per high-power charger, makes these chargers currently 'write-off objects' for many businesses. Further hindering their ability to adapt is the lengthy bureaucratic process for obtaining permits and connecting to the power grid, often resulting in delays and unavailability of ordered equipment.", A2="The low adoption of electric vehicles in Germany, despite increasing overall car ownership, is hindering the profitability of investments in EV charging infrastructure by mid-sized gas stations. The average station saw only around 9,000 kilowatt-hours of electricity sold for EV charging in 2023, demonstrating the limited demand compared to the high initial investment costs. This challenges the business model of these stations, which are already facing decreased revenue from fossil fuel sales.", A3="The German mid-sized gas station industry is facing a critical juncture as they struggle to adapt to the slow uptake of electric vehicles. The high cost of e-mobility infrastructure and the lengthy permit processes create significant hurdles to profitability. The future viability of these businesses hinges on either a rapid increase in EV adoption, regulatory streamlining, or a shift toward alternative revenue streams, such as enhanced shop offerings or automated services, to offset the losses from underutilized charging stations.", Q1="What are the immediate economic impacts of low electric vehicle adoption on the profitability of mid-sized German gas stations' investments in e-mobility infrastructure?", Q2="How are bureaucratic hurdles, such as permitting delays and grid connection issues, affecting the deployment and financial returns of EV charging stations at mid-sized German gas stations?", Q3="What long-term strategies might German mid-sized gas stations adopt to mitigate the financial risks associated with their current e-mobility investments given the slow EV market penetration and the current bureaucratic challenges?", ShortDescription="German mid-sized gas stations are struggling with low returns on their electric vehicle (EV) charging investments due to limited EV adoption, high infrastructure costs (€350,000 per high-power charger), and lengthy bureaucratic permitting processes; the average station recorded only 100 EV charging sessions in 2023.", ShortTitle="Low EV Adoption Cripples German Mid-Sized Gas Stations' E-Mobility Investments")) 应为

welt.de

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May 8, 13:19

Reduced Demand Challenges Saxony's Automotive Industry Despite E-Mobility Success at VW Zwickau

Representatives from politics and business met in Zwickau to discuss the challenges of the automotive industry in Saxony, focusing on securing the future of industrial value creation in the state, with the VW plant in Zwickau being particularly affected by decreased demand for electric vehicles desp...

Reduced Demand Challenges Saxony's Automotive Industry Despite E-Mobility Success at VW Zwickau

Representatives from politics and business met in Zwickau to discuss the challenges of the automotive industry in Saxony, focusing on securing the future of industrial value creation in the state, with the VW plant in Zwickau being particularly affected by decreased demand for electric vehicles desp...

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How do the challenges faced by the Saxon automotive industry reflect broader trends in the German and global automotive market?

Saxon automotive production, a top-5 German location employing 95,000 and contributing significantly to industrial turnover (28.6%) and export (39.7%), faces challenges from reduced combustion engine demand affecting even its e-mobility leader, Zwickau. This highlights the complex transition and market uncertainties impacting the industry.

zeit.de

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Apr 28, 07:18

Germany Debates E-Mobility Incentives After Bonus Cut

Following the termination of Germany's environmental bonus for electric vehicles, the new German government coalition is debating potential purchase incentives, including a possible tax deduction or a new purchase premium, with discussions also including social leasing and charging infrastructure im...

Germany Debates E-Mobility Incentives After Bonus Cut

Following the termination of Germany's environmental bonus for electric vehicles, the new German government coalition is debating potential purchase incentives, including a possible tax deduction or a new purchase premium, with discussions also including social leasing and charging infrastructure im...

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How do proposed German e-mobility incentives compare to other European models, and what are the potential long-term effects on the automotive industry?

Uncertainty around e-mobility incentives in Germany follows the abrupt end of the previous environmental bonus. While the coalition agreement doesn't specify a new purchase premium, proposals include tax breaks and a potential social leasing program mirroring France's successful model. Industry leaders urge swift clarity to avoid further market hesitation.

welt.de

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Mar 30, 07:13

German Automakers Lag in 2024 Amidst Global Industry Growth

In 2024, German automakers (VW, BMW, Mercedes-Benz) underperformed globally, experiencing a 2.8% revenue drop compared to a 1.6% global increase, primarily due to weak sales, high electric mobility investment costs, internal issues, and increased price competition; US tariffs pose a further threat t...

German Automakers Lag in 2024 Amidst Global Industry Growth

In 2024, German automakers (VW, BMW, Mercedes-Benz) underperformed globally, experiencing a 2.8% revenue drop compared to a 1.6% global increase, primarily due to weak sales, high electric mobility investment costs, internal issues, and increased price competition; US tariffs pose a further threat t...

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How did the economic climate and global conflicts impact the pricing strategies and sales of German automakers?

The underperformance of German automakers stems from weak sales, high investments in electric mobility not yielding expected returns due to low demand, and internal issues like costly software failures, restructuring, and recalls. The shift from prioritizing high prices to competitive pricing due to economic conditions and global conflicts further exacerbated the situation.

Showing 13 to 24 of 39 results