Electric Vehicle
China offers $72 bn tax break for green cars to drive demand
China has revealed a substantial 520 billion yuan ($72.3 billion) plan on Wednesday to stimulate the sales of electric vehicles (EVs) and other eco-friendly...
Electric Vehicle
Hyundai raises EV investment to $28 bn, to reduce China operations
Hyundai Motor is set to significantly increase its annual investment in electrification, allocating $28 billion over the next ten years.
The move is part of...
Electric Vehicle
SANY starts vehicle testing center in China
SANY Group has announced that the SANY New Energy Engineering Vehicle Testing Center -- with an investment exceeding RMB 100 million -- has commenced operation...
Electric Vehicle
Japan offers $841 mn subsidy to Toyota for EV battery project
Industry Minister Yasutoshi Nishimura announced on Friday that Japan will grant Toyota subsidies of up to $841 million to support the automaker’s domestic production...
Electric Vehicle
Tesla hikes price of its Model Y electric vehicle
Tesla increased the U.S. price of its Model Y electric vehicle on Tuesday, according to its website.
The company raised the price by $250 to...
Electric Vehicle
General Motors and Samsung SDI plan $3 bn battery plant in Indiana
General Motors and Samsung SDI will collaborate on the construction of a new electric vehicle (EV) battery cell plant in Indiana, the United States.
The...
Electric Vehicle
EV charging companies cautiously adopting Tesla’s charging technology
Electric vehicle (EV) charging companies in the United States are cautiously adopting Tesla’s charging technology, following the recent announcements by Ford and GM.
However, there...
Electric Vehicle
Toyota presents EV strategies to improve affordability
Toyota Motor announced its plans to enhance the range, performance, and affordability of its electric vehicles (EVs) by introducing high-performance solid-state batteries and other...