Electric Vehicle
Chinese Battery Materials Firms Invest Billions in South Korea to Meet US EV Tax Credit Rules
Chinese battery materials companies are increasing their investments in South Korea, with project announcements amounting to at least $4.4 billion this year. The move...
Electric Vehicle
Toyota Accelerates EV Technology Development in China Amidst Fierce Domestic Competition
Toyota, the world’s top-selling carmaker, has announced its plans to intensify the development of electric vehicle (EV) technology in China to stay competitive in...
Electric Vehicle
Ford Motor to cut investment in money-losing electric vehicles?
In a significant shift in Ford Motor’s product strategy, CEO Jim Farley has announced plans to slow down the ramp-up of money-losing electric vehicles...
Electric Vehicle
Toyota reports robust growth in hybrid and electric vehicle sales worldwide
Toyota Motor, the renowned Japanese automaker, has announced impressive growth in the global sales of its hybrid electric vehicles (HEVs) and battery electric vehicles...
Electric Vehicle
China’s Sunwoda Electronic to build $275 mn EV battery factory in Hungary
China’s Sunwoda Electronic plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71...
Electric Vehicle
LG Energy reports strong earnings, raises revenue growth target
LG Energy Solution (LGES), a leading player in the EV battery sector, announced impressive financial results for the second quarter of 2023.
During the second...
Electric Vehicle
Major automakers form JV to challenge Tesla and benefit from subsidies
Major automakers announced the formation of a new company aimed at providing electric vehicle (EV) charging infrastructure across the United States.
The group includes some...
Electric Vehicle
Stellantis and Samsung SDI to open second plant for EV batteries
Automaker Stellantis and South Korean battery manufacturer Samsung SDI have announced plans to establish a second joint-venture plant in the United States focused on...