Categories: Business

“A bloodbath”, rising electricity prices and the cycle crisis

The week of January 22, 2024 was marked by several significant news in the field of electric cars and electric bicycles: a new media release from the CEO of Stallantis, the price of electricity that is rising and Schwalbe that is fine-tuning its industrial equipment. Deal with the bicycle crisis.

Carlos Tavares remains skeptical about electric cars

Carlos Tavares, CEO of Stellantis (a group including Peugeot, Citroen, Fiat, Jeep), maintains his skepticism about the electric car market. He is particularly concerned about the “price war” waged by Tesla and Chinese brands. Despite the success in sales of their electric models, Tavares warns of the dangers of market electrification and aggressive price cuts, which could lead to negative financial consequences for the industry.

Electricity price to increase by 25% for certain consumers: our calculations and explanations

From February 1, 2024, significant increases in regulated electricity prices will affect all electricity supplier customers, with increases of up to 25% for some. The increase is due to changes in electricity taxes, which will affect different tariffs differently. Users of EDF’s Tempo tariffs will be particularly affected, with significant increases during off-peak and peak hours. This increase contrasts with the decrease in the price of fast charging of electric vehicles, which shows a contradiction in the current pricing policy.

Schwalbe reorganizes

German tire manufacturer Schwalbe has been forced to restructure its operations due to the current cycle crisis. Production will be concentrated in their more modern Vietnamese factory, which will lead to the closure of their site in Indonesia and job cuts. The move reflects challenges facing the bicycle industry, including giants like Schwalbe: falling demand, inflation and the need to invest in more advanced technologies to remain competitive.


These summaries from Frandroid editorial team articles are written by AI (ChatGPT) and systematically re-read by our journalists.


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