Electric Vehicle
India budget offers customs duty exemption for EV battery making
India government said customs duty exemption will be extended to the import of capital goods and machinery required for manufacture of lithium-ion cells for...
Electric Vehicle
Samsung SDI bets on premium EV market in 2023
Samsung SDI has posted a record annual revenue of KRW 20.12 trillion and operating profit of KRW 1.8 trillion in 2022.
Samsung SDI’s fourth quarter...
Electric Vehicle
Posco Chemical wins $32.6 bn order from Samsung SDI
Posco Chemical said it has won a 40 trillion won ($32.60 billion) order from Samsung SDI to supply cathode materials for electric vehicle batteries between 2023...
Electric Vehicle
Suzuki Motor reveals Growth Strategy focusing on EV business
Suzuki Motor, as part of its Growth Strategy for FY2030, said it will invest 4.5 trillion yen ($34.8 billion) through fiscal 2030 in research, development...
Electric Vehicle
Tesla to invest $3.6 bn more to grow EV factory in Nevada
Elon Musk-promoted Tesla announced it will be investing over $3.6 billion more to grow its Gigafactory in Nevada in the US.
The company said that...
Electric Vehicle
GM, LG Energy shelve plan for fourth battery plant
General Motors and LG Energy Solution have shelved plan for making investment in a fourth battery cell manufacturing plant in the United States, a news...
Electric Vehicle
Battery EV demand to surge 41% to 11 mn: GlobalData
Global battery electric vehicle demand is set to increase 41 percent to 11 million units in 2023, according to GlobalData.
China will continue to dominate...
Electric Vehicle
Shell buys EV charging firm Volta for $169 mn
Shell USA will acquire Volta, an electric vehicle (EV) charging network operator, in an all-cash deal valued at about $169 million.
Shell and other companies...