ASML is already not allowed to sell its latest chip machines in China, while that is the largest market for the Veldhoven company. Stricter export rules now also apply to older machines. In doing so, the government wants to prevent China from using advanced chips for military purposes. “When you look at the geopolitical landscape, I think it’s clear that the United States will continue to put pressure…

Last month, nearly 140,000 all-electric cars were sold, according to figures from the European association of car manufacturers ACEA. There were 127,000 a year earlier. Due to the increase, the market share has also become a lot bigger, because total car sales fell down a bit in September. More electric models have been purchased in Italy, Spain, Germany and the Netherlands, among others. Especially the increase at the…

The fact that China is now the largest customer is mainly because Europe has phased out its dependence on Russian natural gas in a few years. That policy is motivated by the Russian invasion of Ukraine in February 2022. It also plays a role in the fact that China is consuming significantly more gas this year to produce electricity, for example. Chinese households also consume more. It ensures…

Alfen, a leading EV charging station manufacturer, is undergoing a major reorganization that will result in a 15% reduction of its workforce, equating to approximately 150 job losses. This decision comes in light of a downturn in the electric vehicle (EV) market, where Alfen, operating both domestically and internationally, is facing declining sales. The reduction in sales has put significant pressure on the company’s profitability, necessitating cost-cutting measures,…