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Electric Vehicle

EV connected services market

Connected services for EVs will reach $378 mn: ABI Research

Subscriptions of connected services for consumer and commercial Electric Vehicles (EVs), such as charging-station locator, eco-routing, and EV telematics, will grow 270 percent from...
FordEvos

BYD to supply EV batteries to automaker Ford Motor

China-based electric vehicle (EV) maker BYD will supply EV batteries to automaker Ford Motor, a document on the website of the Ministry of Industry...
volkswagen-ev-1

Volkswagen invests 2.1 bn euros in two Chinese electric vehicle players

Volkswagen said it will invest 2.1 billion euros in two Chinese electric vehicle players as part of its strategy to enhance business in China,...
Hyundai Sonata

Hyundai selects LG Chemicals to supply battery for EVs

Hyundai Motor Group, which includes Hyundai Motor and its sister company Kia Motors, has picked LG Chemicals as one of the battery suppliers for...
Tesla showroom in New Jersey

Tesla cut price of electric vehicles in North America and China

Tesla has decided to cut price of electric vehicles in North America and China following a decline in auto demand in the region during...
OLA EV

Ola buys electric scooter company Etergo

Ola, a unit of SoftBank Group-backed Indian ride-hailing company, will buy Amsterdam-based electric scooter company Etergo as part of its plan to locally build...
lithium-ion-battery-1345614787

Lithium battery makers struggle as EV business paused

The coronavirus pandemic has paused the electric vehicle revolution, forcing producers of battery metal lithium into survival mode with output cuts, expansion delays and...

Battered oil demand faces threat from electric vehicles

Oil companies may be facing uncertainty as the coronavirus pandemic triggers a collapse in demand for their products, but auto makers are betting the...
EV sales forecast for 2020

Sale of electric passenger vehicles to drop 18% to 1.7 mn: BNEF

Sales of electric passenger vehicles (EV) are forecast to drop 18 percent to 1.7 million in 2020. Sales of combustion engine cars are set to...
SK Innovation EV business

SK Innovation to spend $727 mn for second EV battery plant in US

South Korea’s SK Innovation, a supplier for Volkswagen and Ford Motors, will spend $727 million to build its second electric vehicle (EV) battery plant...

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