Electric Vehicle
China’s EV Exports Hit Record $9.2 bn as Southeast Asia Drives Demand Surge
China’s electric vehicle (EV) exports climbed to a record $9.2 billion in May 2026, marking a 49 percent year-on-year increase and surpassing the previous...
Electric Vehicle
Lucid Cuts 18% of U.S. Workforce as EV Maker Intensifies Profitability Drive
Electric vehicle manufacturer Lucid Group has announced plans to reduce approximately 18 percent of its U.S. workforce as part of a major restructuring initiative...
Electric Vehicle
EV Battery Market to Reach $168.95 bn by 2035 as Lithium-Ion Technology and North America Drive Growth
The global EV battery market is poised for steady expansion, with research from MarketsandMarkets forecasting the market to grow from USD 103.04 billion in...
Electric Vehicle
Japan’s EV Investments Could Cut Oil Imports, Boost Energy Security and Create Growth Opportunities
Japan can significantly reduce its dependence on imported oil and strengthen long-term energy security by accelerating electric vehicle (EV) adoption, according to a new...
Electric Vehicle
Scania Invests €70 mn in France to Expand Electric Truck Production Capacity
Scania has announced a €70 million investment in its production facility in Angers, France, as part of its strategy to accelerate the transition to...
Electric Vehicle
Global NEV Sales Reach 3.94 mn in Q1 2026 as Tesla Regains BEV Lead Overtaking BYD
Global new energy vehicle (NEV) sales reached 3.94 million units in the first quarter of 2026, representing a 2 percent year-on-year decline, according to...
Electric Vehicle
Volvo Cars Targets 90-100% Electrified Sales by 2030 as EV Expansion Accelerates
Volvo Cars highlighted strong momentum in its electrification strategy, revealing that electrified vehicles accounted for 46 percent of total company sales, underscoring the growing...
Electric Vehicle
Global EV Charging Infrastructure Expands Rapidly as Ultra-Fast Chargers and Investments Surge
The global electric vehicle (EV) charging infrastructure market is witnessing unprecedented expansion as rising EV adoption drives massive investments in public charging networks, ultra-fast...