BMW to hike capacity for components for electric cars
BMW will increase its capacities for producing drivetrain components for electric cars at its key Dingolfing plant, Reuters reported.
The number of employees in the...
Toyota and Panasonic in JV for EV battery making
Toyota Motor and Panasonic have agreed to set up a joint venture that will begin developing electric vehicle (EV) batteries from April.
The new company,...
CATL signs EV battery deal with Tesla
CATL, China’s top electric vehicle battery maker, said on Monday it has signed a battery supply agreement with Tesla.
Tesla will determine the battery purchase...
GM to invest $2.2 bn in plant to build electric vehicles
General Motors will invest $2.2 billion in its Detroit-Hamtramck assembly plant to build electric trucks and sport utility vehicles.
The investment will result into creation...
ABB and Volvo to electrify city streets in Gothenburg
ABB and automobile major Volvo announced their partnership to electrify city streets in Gothenburg.
ABB will supply charging infrastructure solutions to bus operator Transdev to...
SK Innovation plans second EV factory in US and expansion in Hungary
SK Innovation plans to set up a second electric vehicle battery (EV) factory in the United States and is considering an expansion of an...
ABB wins new order for EV chargers from IONITY
ABB today announced that it has received an order for a further 324, 350 kW electric vehicle (EV) chargers from IONITY.
IONITY will be rolling...
Hyundai plans $51.8 bn investment focusing on electric vehicles
Hyundai Motor plans to invest about 61.1 trillion won ($51.81 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and...
Battery prices dropped to $156/kWh in 2019: BloombergNEF
Battery prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 87 percent to $156/kWh in 2019.
By 2023, average prices will be close...
BEV growth to pose challenge and opportunity on energy sales
Battery Electric Vehicle (BEV) sales is expected to grow from 1.3 percent in 2018 to 16.4 percent in 2029, creating an Electric Vehicle (EV)...
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