Electric Vehicle
BP slashes 100 jobs in EV charging business, exits from several markets
BP has slashed 10 percent the workforce or 100 jobs in its electric vehicle charging business -- BP Pulse. BP has also exited from several markets after a bet on...
Electric Vehicle
Tesla plans to cut 14,000 jobs as EV market breaks down
Tesla, the leader in electric vehicles (EVs) market, is in the process of cutting more than 10 percent of its global workforce or 14,000 jobs,...
Electric Vehicle
China’s EV Battery Market Rebounds with Stability: TrendForce Analysis
China’s electric vehicle (EV) battery market has experienced a resurgence of stability in prices since February, according to the latest analysis by TrendForce.
March witnessed...
Electric Vehicle
Tata and Shell India Collaborate to Expand EV Charging Infrastructure
Tata Passenger Electric Mobility (TPEM) announced its agreement with Shell India Markets to jointly establish EV charging stations nationwide.
The collaboration aims to capitalize on...
Electric Vehicle
Mercedes-Benz Posts 8% Drop in Electric Vehicle Sales in First-Quarter
Mercedes-Benz has unveiled its performance figures for the first quarter of 2024, revealing a mixed bag of results with notable developments in its electric...
Electric Vehicle
Volkswagen Reports 3.3% Drop in EV Delivery in First-Quarter
Volkswagen has disclosed its first-quarter performance for 2024, revealing a 3.3 percent decline in the delivery of all-electric vehicles (BEVs), totaling 136,400 units.
While Volkswagen...
Electric Vehicle
Ascend Elements and Elemental Strategic Metals Form JV to Recycle EV Batteries
US-based Ascend Elements and Poland’s Elemental Strategic Metals have formed a joint venture to address the mounting concern of electric vehicle (EV) battery waste....
Electric Vehicle
BMW Surpasses One Million Electric Vehicles Milestone
BMW, the German automaker, has announced a marginal increase in first-quarter sales, fueled in part by heightened demand for electric vehicles (EVs). The milestone...
Electric Vehicle
Exide Inks EV Battery Production Deal with Hyundai Motor and Kia
Hyundai Motor and Kia have inked a deal with India’s Exide Energy Solutions aimed at expanding their presence in the global electric vehicle (EV)...
Electric Vehicle
Hyundai Motor Unveils $50 bn Investment Plan to Drive Electric Vehicle Dominance
Hyundai Motor Group announced its intention to invest 68 trillion won (approximately $50.6 billion) in a bold strategic move aimed at fortifying its position...
Electric Vehicle
LG Energy Reveals Progress on $5.5 bn Battery Manufacturing Complex in Arizona
LG Energy Solution’s project to construct a major battery manufacturing complex in Arizona remains on course, with expectations of completion within two years.
The company’s...