Electric Vehicle
Hyundai targets 5.55 mn vehicle sales aiming at EV and hybrids push
Hyundai Motor has set its target of selling 5.55 million vehicles by 2030, aiming to register 30 percent growth from 2023 levels, as the...
Electric Vehicle
Samsung SDI and General Motors to build $3.5 bn EV Battery Factory in Indiana
South Korea’s Samsung SDI has finalized an agreement with General Motors (GM) to construct a joint electric vehicle (EV) battery factory in Indiana, USA....
Electric Vehicle
Ford slows down EV plans amid cost-cutting and market realities
Ford Motor Company has revealed its revised plans for its electric vehicle business in the wake of dominance of China in the EV market.
Ford...
Electric Vehicle
EV market sees significant growth in Q2 2024, driven by Chinese brands
TrendForce’s latest report reveals that global sales of New Energy Vehicles (NEVs) have surged in the second quarter of 2024, reaching 3.769 million units....
Electric Vehicle
BMW overtakes Tesla in European electric vehicle sales for the first time
BMW has emerged as the leader in the European battery electric vehicle (BEV) market for the first time, surpassing U.S. automaker Tesla, according to...
Electric Vehicle
Volvo Trucks secures order of 300 electric trucks from DSV
Volvo Trucks has signed an agreement with global logistics giant DSV for the delivery of 300 electric heavy trucks. This deal represents one of...
Electric Vehicle
Xiaomi delivers 27,307 electric vehicles and generates RMB6.2 bn
Xiaomi today revealed it generated revenue of RMB6.4 billion from smart Electric Vehicle (EV) and other related initiatives during the second quarter of 2024.
Xiaomi’s...
Electric Vehicle
LG Energy Solution offers safety diagnostics software to EV makers
LG Energy Solution said it will offer Battery Management System (BMS) solutions to its electric vehicle (EV) clients.
LG Energy Solution’s safety diagnostics software analyzes...