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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-imiev

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

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 EV business

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 booth at InterBattery 2020

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...
Dollar

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 450X e-scooter

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 EV

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 27 Ah water stable protected lithium electrode PLE

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 EV electric vehicle business

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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