Corporate investments in EV startups
Corporations across industries - auto, energy, electronics, aerospace, telecom - have invested in startup companies engaged in various aspects of automotive electrification, including batteries,...
Volkswagen to invest $800 mn to build electric vehicle in Tennessee
Volkswagen will be investing $800 million to build a new electric vehicle at its plant in Chattanooga, Tennessee.
The German automaker said in an announcement...
LG Chem to invest $1.07 bn to expand battery plants in China
South Korea’s LG Chem plans to invest 1.2 trillion won or $1.07 billion to expand its two battery plants in China by 2020, Reuters...
GM sold 200,000 electric vehicles in US, Tesla cuts price
General Motors (GM) announced that it sold 200,000 electric vehicles in the United States by the end of 2018.
The 200,000 figure covers GM’s cumulative...
Norway electric cars market surges in 2018
Share of electric cars in Norway car market rose to 31.2 percent of all sales last year, from 20.8 percent in 2017 and 5.5...
Italy offers subsidies to boost green vehicle sale
Italy will offer subsidies of up to 6,000 euros or $6,820 to buyers of new green vehicles while slapping taxes on the purchase of...
Daimler to buy battery cells worth $23 bn for electric vehicles
Daimler is set to buy battery cells worth more than 20 billion euros or $23 billion by 2030 to support the production of hybrid...
SK Innovation to invest $1.67 bn for EV battery plant in Georgia
SK Innovation, a developer of lithium-ion batteries for electric vehicles, announced it will create more than 2,000 jobs and invest $1.67 billion to build...
Lithium battery project with $4 bn investment to come up Indonesia
Developers will start building a lithium battery project with an investment of $4 billion in Morowali, on the Indonesian island of Sulawesi, on Jan....
Volkswagen, Tesco to develop EV charging network in UK
UK retailer Tesco and German car maker Volkswagen have joined hands to develop an electric vehicle charging network in the UK.
Tesco and Volkswagen roll...
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