Europes

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. But now that is expected to change course, as EV sales are projected to drop – by 14% – for the first time in eight years. Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year. Considering Germany is aiming to have 15 million BEVs…

Microsoft's search engine Bing, brower Edge and advertising services are likely to be out of the purview of Europe's Digital Markets Act (DMA), Bloomberg News reported on Tuesday, citing people familiar with the matter.European watchdogs concluded that the products are not dominant enough to be regulated as part of a five-month-long investigation into the market that is set to end in February, the report said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership…

The Tesla Model Y officially took the crown as Europe’s best-selling car overall for 2023, making it the first electric vehicle ever to do so. While the Model Y had taken the spot for a few months last year, year-end results were a close call with a very different vehicle: the ubiquitous ICE hatchback Dacia Sandero, tightly priced at $13,051 (€12,000). Market research specialists at Dataforce released year-end data showing that Tesla’s Model Y sold 254,822 units in Europe last year, which…

Swedish battery maker Northvolt has raised €4.6bn to boost the expansion of Europe’s first homegrown gigafactory and support the company’s battery recycling plans. Specifically, the capital will help expand cathode production and cell manufacturing at the Northvolt Ett factory in northern Sweden. It will also enable the development of Revolt Ett, the adjacent recycling plant in the final stages of its commissioning and is currently processing its first materials. The plant recovers…

Jan. 16, 2024 12:01 am ETOne of the world’s most valuable battery startups is raising $3.4 billion in debt from the European Union and a group of banks including JPMorgan Chase, accelerating a race to build more batteries outside China and take advantage of a tidal wave of clean-energy subsidies.Europe’s Northvolt plans to use the funding to grow battery production at a factory in northern Sweden for customers such as Volkswagen and BMW. It also plans to expand a recycling facility next door that will convert scrap metal…

It has been a rough year for climate tech. While it fared slightly better than other sectors, total venture and private equity investment in planet-saving technologies fell 40% this year, down to a five-year low.  It’s not all doom and gloom, however. For one, the EU enacted the Green Deal Industrial Plan, which makes over €1trn available for everything from EVs and carbon capture plants to battery storage and green hydrogen.  Moreover, we’ve witnessed the rapid rise of AI which promises to…

Europe’s largest parking app operator has reported itself to information regulators in the EU and UK after hackers stole customer data.EasyPark Group, the owner of brands including RingGo and ParkMobile, said customer names, phone numbers, addresses, email addresses and parts of credit card numbers had been taken but said parking data had not been compromised in the cyber-attack.The company did not say how many of its users had been affected, beyond detailing that 950 RingGo users in the UK were involved. A spokesperson…

2023 has been a tough funding year for European startups — even being characterised as the “most depressed” in VC exit value in a decade. Amid uncertainty and a staggering macroeconomic environment, VC activity and deal value also, unsurprisingly, dropped. But what will the funding ecosystem look like in 2024? And, more importantly, will it bring cause for hope for startups and investors alike? According to analysis by Pitchbook, neither the volume nor the value of VC-backed IPOs will see a…

Life portrait of the Maidanetske mega-settlement. Credit: Susanne Beyer, Kiel University Nutrition in Trypillia mega-sites is currently the focus of the Collaborative Research Center (CRC) 1266 at Kiel University (CAU). In the forest steppe northwest of the Black Sea—today the territory of the Republic of Moldova and Ukraine—mega-sites of the Trypillia societies emerged about 6,000 years ago on areas of up to 320 hectares in…

Democrats urged President Biden to pursue trade policy that supports the European Union’s new regulations targeting the market power of tech giants, and to reject claims that the rules create barriers to trade, according to a letter sent Wednesday.   The letter is based around support for the EU’s Digital Markets ACT (DMA), which adds additional regulations for large tech companies and went into effect in May.   “We urge you to continue to reject claims that the European Union’s Digital Markets Act (DMA)…