Electric cars sold globally to reach 14 mn in 2023: IEA
The number of electric cars sold globally will reach 14 million in 2023 as compared with 10 million in 2022, International Energy Agency’s (IEA)...
Hyundai and SK On finalize plans for $5 bn EV battery plant in US
Hyundai Motor said it finalized a $5 billion electric vehicle (EV) battery joint venture with SK On in the U.S., boosting electrification efforts in...
GM, Samsung SDI to invest $3 bn to build EV battery plant in US
General Motors and Samsung SDI said they will invest over $3 billion to build an electric vehicle (EV) battery manufacturing plant in the U.S.
Expected to...
Tesla to hike Capex to $7-9 bn to meet expansion plan
EV maker Tesla has decided to increase its capital expenditure for 2023 to $7-$9 billion this year against its previous outlook of $6-$8 billion.
The...
Chile to nationalize lithium that powers EV battery business
Chile’s President Gabriel Boric said the country would nationalize its lithium industry, the world’s second largest producer of the metal essential in electric vehicle...
Volkswagen reveals EV business success in Q1
Volkswagen informed that it has achieved 42 percent growth in the delivery of electric vehicles (EVs) to 141,000 in Q1 2023 vs 99,200 in...
Volkswagen and Canada to invest $15 bn for EV battery plant in Ontario
Volkswagen and Canada have pledged to invest more than C$20 billion ($14.8 billion) to build an EV battery plant in St. Thomas, Ontario, marking...
South Korea and EV battery makers plan $15 bn investment
South Korea’s government and top battery companies are set to invest 20 trillion won ($15.1 billion) in advanced battery technologies, including solid-state batteries, by...
Jaguar Land Rover to invest $19 bn in EV business
Jaguar Land Rover (JLR), which is owned by India’s Tata Motors, plans to invest 15 billion pounds ($19 billion) in electric vehicles (EVs) over...
Australia to bring vehicle emission standards to boost EV sales
Australia on Wednesday announced its plans to introduce new vehicle emission standards in order to increase the adoption of electric cars, which is currently...
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