Search results for ID EVERY1
Mobility
Sony-Honda EV project scrapped as \'Team Japan\' stumbles on financial strain
Sony Honda Mobility has halted development and launches of its Afeela 1 and 2 electric vehicles and is reviewing its business direction. The decision comes as Honda faces a worsening environment for its EV business after booking losses tied to investment write-downs. The article also flags Toyota’s push to loosen production standards and expand U.S. investment, Volkswagen’s planned additional investment in Rivian, Google’s move to open Android Automotive OS, and intensifying competition in robotaxis and autonomy.
Industry
Rivian secures additional $1 billion investment from Volkswagen
Volkswagen will invest an additional $1 billion in Rivian after winter testing is completed for the jointly developed electric vehicle ID EVERY1, TechCrunch reported. Of the amount, $75 million will be an equity investment, while $25 million will be provided as equity or convertible notes. Volkswagen has already invested more than $3 billion in Rivian and granted an option to lend an additional $1 billion from October.
Industry
2026 set to be year of ultra-low-cost EV price war
The key issue for the global electric vehicle market in 2026 is expected to be price rather than advanced functions. As battery costs fall and vertical integration and mass production expand, automakers are cutting prices to stay competitive. Chinese manufacturers have led the push, with models priced for mass markets spreading into Europe and emerging markets. Automakers in South Korea, the United States and Europe are also shaping low-cost strategies, while 2026 could become a turning point for the sub-30 million won EV segment.