Electric Vehicle
BYD plans EV manufacturing plant in Vietnam
Chinese automaker BYD plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement.
BYD’s founder and chair Wang...
Electric Vehicle
Nel to set up $400 mn electrolyser facility in Michigan
Nel plans to build a new automated gigawatt electrolyser manufacturing facility in Michigan that will offer employment to more than 500 people.
The announcement was made...
Electric Vehicle
Amara Raja Batteries starts work on lithium ion battery plant in India
Amara Raja Batteries, has started work on lithium ion battery manufacturing Giga plant in Telangana with an investment of Rs 9,500 crore over next...
Electric Vehicle
Ford Motor to cut price on Mustang Mach-E electric vehicle
Ford Motor has announced that it will reduce prices on its electric vehicle, Mustang Mach-E, for the second time this year.
The decision comes after...
Electric Vehicle
GUS Technology opens $4 bn EV battery in Taiwan
GUS Technology held the opening ceremony of Taiwan’s first battery Gigafactory in Jhongli Industrial Park on April 26.
GUS Technology, which focuses on lithium titanate (LTO) and...
Electric Vehicle
VinFast receives $2.5 bn in fresh round of funding pledges
Vietnamese electric vehicle maker VinFast said it received a fresh round of funding pledges worth $2.5 billion for its future development.
VinFast’s planned U.S. Initial...
Electric Vehicle
Electric cars sold globally to reach 14 mn in 2023: IEA
The number of electric cars sold globally will reach 14 million in 2023 as compared with 10 million in 2022, International Energy Agency’s (IEA)...
Electric Vehicle
Hyundai and SK On finalize plans for $5 bn EV battery plant in US
Hyundai Motor said it finalized a $5 billion electric vehicle (EV) battery joint venture with SK On in the U.S., boosting electrification efforts in...