VinFast EV electric vehicle business

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 EV

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 new logo reflects EV business

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 EV charging

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...
Factorial EV battery

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 Wolfsburg factory

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 EV battery plant in Canada

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...
Enel X Way EV charging

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 EV

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...
Mercedes-Benz EQC EV

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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