New car market recovery squeezed by supply issues

car market

Consumer confidence steady but global semiconductor shortage impacts vehicle supply, says SMMT. New car registrations in June grew 28.0% year-on-year to 186,128, according to the Society of Motor Manufacturers and Traders (SMMT)’s latest figures. With the latest SMMT research showing electrification could create 40,000 new jobs by 2030, plug-in vehicles continued to increase market share. […]

Plans for £1bn EV hub and battery gigafactory unveiled by Nissan

Nissan has confirmed plans to turn its Sunderland manufacturing facility into a £1 billion electric vehicle (EV) hub which it says will create a world-first EV manufacturing ecosystem. The hub will feature a Gigafactory with an initial 9GWh plant for battery production.

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