Electric Vehicle
GM, Samsung SDI to invest $3 bn to build EV battery plant in US
General Motors and Samsung SDI said they will invest over $3 billion to build an electric vehicle (EV) battery manufacturing plant in the U.S.
Expected to...
Electric Vehicle
Tesla to hike Capex to $7-9 bn to meet expansion plan
EV maker Tesla has decided to increase its capital expenditure for 2023 to $7-$9 billion this year against its previous outlook of $6-$8 billion.
The...
Electric Vehicle
Chile to nationalize lithium that powers EV battery business
Chile’s President Gabriel Boric said the country would nationalize its lithium industry, the world’s second largest producer of the metal essential in electric vehicle...
Electric Vehicle
Volkswagen reveals EV business success in Q1
Volkswagen informed that it has achieved 42 percent growth in the delivery of electric vehicles (EVs) to 141,000 in Q1 2023 vs 99,200 in...
Electric Vehicle
Volkswagen and Canada to invest $15 bn for EV battery plant in Ontario
Volkswagen and Canada have pledged to invest more than C$20 billion ($14.8 billion) to build an EV battery plant in St. Thomas, Ontario, marking...
Electric Vehicle
South Korea and EV battery makers plan $15 bn investment
South Korea’s government and top battery companies are set to invest 20 trillion won ($15.1 billion) in advanced battery technologies, including solid-state batteries, by...
Electric Vehicle
Jaguar Land Rover to invest $19 bn in EV business
Jaguar Land Rover (JLR), which is owned by India’s Tata Motors, plans to invest 15 billion pounds ($19 billion) in electric vehicles (EVs) over...
Electric Vehicle
Australia to bring vehicle emission standards to boost EV sales
Australia on Wednesday announced its plans to introduce new vehicle emission standards in order to increase the adoption of electric cars, which is currently...