Electric Vehicle
EV market in US faces road blocks despite 48% growth
Nearly 300,000 new electric vehicles (EVs) – full battery-electric vehicles – were sold in the U.S. in Q2, a record for any quarter and...
Electric Vehicle
GM offers 14% cut in price of Cadillac Lyriq in China
The recent price reduction of the Cadillac Lyriq in China by General Motors (GM) is indicative of the intense competition in the Chinese electric...
Electric Vehicle
Tesla intros Refer and Earn program for boosting sales
Tesla’s introduction of the Refer and Earn program globally is a strategic move aimed at boosting sales and gaining a competitive edge in the...
Electric Vehicle
Mercedes-Benz to use EV charging network of Tesla
German automaker Mercedes-Benz said its electric vehicles (EV) in North America will adopt the Tesla-developed charging technology from 2025 and also get access to more...
Electric Vehicle
Canada offers C$15 bn in incentive to Stellantis-LG Energy’s EV battery plant
Canada’s federal government and Ontario said they would together provide up to C$15 billion ($11.3 billion) in performance incentives for a Stellantis-LG Energy Solution,...
Electric Vehicle
EV batteries remain major challenge for insurers – Thatcham
Thatcham Research, a British automotive risk intelligence company, highlighted the challenges faced by insurers due to a lack of data on electric vehicle (EV)...
Electric Vehicle
Price of EV battery in China dips in June: TrendForce
The prices of electric vehicle (EV) batteries in China market experienced a decline in June, according to a report by TrendForce.
However, the rate of...
Electric Vehicle
BYD to invest $620 mn in industrial complex in Brazil
BYD, the Chinese automaker, has revealed plans to invest 3 billion reais ($620.17 million) in a new industrial complex located in northeastern Brazil.
This investment...