Electric Vehicle
VinFast raises $4 bn to develop EV factory in North Carolina
Vietnam-based EV carmaker VinFast has signed agreements with Credit Suisse and Citigroup Global Markets to raise at least $4 billion to develop an electric...
Electric Vehicle
Tesla to lay off 229 employees, shuts San Mateo office
Electric-car maker Tesla is laying off 229 employees at its office in San Mateo, California, and is permanently shutting the office, a filing showed...
Electric Vehicle
Rivian may cut 5% of job as struggles start in EV business
Electric vehicle (EV) maker Rivian Automotive is planning to cut hundreds of jobs, possibly around 5 percent of its total work force, Bloomberg News report...
Electric Vehicle
Hyundai to build EV factory in South Korea targeting production by 2025
Hyundai Motor will build a dedicated electric vehicle (EV) factory in South Korea in order to support the demand of its employees to boost...
Electric Vehicle
BII to invest $250 mn in EV business of Mahindra
India’s Mahindra and Mahindra and British International Investment (BII) would each invest up to $250 million in a new electric vehicle subsidiary at a...
Electric Vehicle
India sends notice to Ola, Okinawa and Pure EV after EV fire incidents
India, alarmed at the unabated EV fire incidents, has sent show cause notices to EV manufacturers like Ola Electric, Okinawa Autotech and Pure EV,...
Electric Vehicle
LG EV business wins new orders from automakers
LG Electronics (LG) has secured orders valued at KRW 8 trillion or $6.1 billion in the electric vehicle (EV) solutions business in the first...
Electric Vehicle
Tesla EV sale dip 18% due to China lockdowns, supply issues
Elon Musk-promoted Tesla reported about 18 percent drop quarter-on-quarter in Electric Vehicle (EV) deliveries during the second quarter this year due to supply chain...