EV business: Toyota Motor to invest $1.8 bn in Indonesia
Japanese carmaker Toyota Motor plans to invest 27.1 trillion rupiah ($1.8 billion) in Indonesia in the next five years to produce electric vehicles.
Indonesia’s economics...
Mitsubishi to invest $667 mn in EV business in Indonesia
Mitsubishi Motors plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025.
Airlangga Hartarto, Malaysia’s chief economics minister, in a...
Redwood Materials to spend $3.5 bn on making EV battery essentials
Redwood Materials, founded by former Tesla executive JB Straubel, plans to spend $3.5 billion on a battery-materials factory in northwest Nevada.
Redwood Materials said it...
Ford Motor inks several deals to drive EV business
Ford Motor announced several deals to accelerate its shift to electric vehicles, including sourcing battery capacity and raw materials from companies such as Chinese...
Samsung SDI breaks ground for $1.3 bn battery factory in Malaysia
Samsung SDI said it has broken ground on a new 1.7 trillion won ($1.3 billion) battery factory in Malaysia to make cylindrical batteries.
The South...
Envision plans $3.9 bn investment for EV business in Spain
Spain has signed an agreement with China-based green energy company Envision Group for four projects, including a battery plant for electric cars, with 3.8...
Ather Energy CEO on growth plans and profit concerns
Ather Energy, a leading electric-scooter maker in India, said an increase in raw material costs and supply chain disruptions have impacted its profit margins...
iVOOMi Energy plans Rs 200 crore EV manufacturing facility in Pune, India
EV company iVOOMi Energy on Monday announced plans to invest Rs 200 crore for setting up a manufacturing facility in Pune, India.
The electric two-wheeler...
PolyPlus starts pilot manufacturing of lithium seawater battery
PolyPlus Battery Company has installed a pilot manufacturing line for producing Lithium Seawater Batteries (Li/SWBs) for subsea and deep ocean applications.
These batteries have energy...
VinFast receives $1.2 bn incentive for EV manufacturing project
VinFast has received a $1.2 billion incentive package from the State of North Carolina for its electric vehicle manufacturing project in the US.
The largest economic incentive package in state...
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