Electric Vehicle
EV business: Toyota Motor to invest $1.8 bn in Indonesia
Japanese carmaker Toyota Motor plans to invest 27.1 trillion rupiah ($1.8 billion) in Indonesia in the next five years to produce electric vehicles.
Indonesia’s economics...
Electric Vehicle
Mitsubishi to invest $667 mn in EV business in Indonesia
Mitsubishi Motors plans to invest about 10 trillion rupiah ($666.89 million) in Indonesia between 2022 and 2025.
Airlangga Hartarto, Malaysia’s chief economics minister, in a...
Electric Vehicle
Redwood Materials to spend $3.5 bn on making EV battery essentials
Redwood Materials, founded by former Tesla executive JB Straubel, plans to spend $3.5 billion on a battery-materials factory in northwest Nevada.
Redwood Materials said it...
Electric Vehicle
Ford Motor inks several deals to drive EV business
Ford Motor announced several deals to accelerate its shift to electric vehicles, including sourcing battery capacity and raw materials from companies such as Chinese...
Electric Vehicle
Samsung SDI breaks ground for $1.3 bn battery factory in Malaysia
Samsung SDI said it has broken ground on a new 1.7 trillion won ($1.3 billion) battery factory in Malaysia to make cylindrical batteries.
The South...
Electric Vehicle
Envision plans $3.9 bn investment for EV business in Spain
Spain has signed an agreement with China-based green energy company Envision Group for four projects, including a battery plant for electric cars, with 3.8...
Electric Vehicle
Ather Energy CEO on growth plans and profit concerns
Ather Energy, a leading electric-scooter maker in India, said an increase in raw material costs and supply chain disruptions have impacted its profit margins...
Electric Vehicle
iVOOMi Energy plans Rs 200 crore EV manufacturing facility in Pune, India
EV company iVOOMi Energy on Monday announced plans to invest Rs 200 crore for setting up a manufacturing facility in Pune, India.
The electric two-wheeler...