Electric Vehicle
Tesla delivered over 466,000 cars in second-quarter
Tesla announced it produced nearly 480,000 vehicles and delivered over 466,000 cars during the second quarter (Q2) of 2023.
Tesla delivered 19,225 Model S/X, and...
Electric Vehicle
Germany allocates $983 mn in subsidies to expand EV charging
Germany has announced plans to allocate up to €900 million ($983 million) in subsidies to enhance electric vehicle (EV) charging stations for households and...
Electric Vehicle
ABEE plans $1.5 bn battery plant in Romania
Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro ($1.53 billion) battery plant in Romania’s Galati, creating up to...
Electric Vehicle
Epsilon to invest $650 mn in US for EV battery materials plant
Epsilon Advanced Materials, a leading battery materials company in India, announced its plans to invest $650 million in the US.
Epsilon Advanced Materials said it...
Electric Vehicle
Companies investing in EV battery factories in Europe
Reuters has compiled a list of electric vehicle (EV) battery makers in Europe, including annual capacity and production timelines where available.
BELGIUM
PLANNED
* SENEFFE-MANAGE: Avesta Battery...
Electric Vehicle
US aims to offer $9.2 bn loan to Ford-SK venture
The U.S. Department of Energy intends to provide a loan of up to $9.2 billion to a collaborative effort between Ford Motor and SK...
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...
