Electric Vehicle
Jidu Auto plans $7.7 bn investment, to hire 3,000 employees
Jidu Auto, an electric vehicle venture between tech giant Baidu and automaker Geely, aims to invest 50 billion yuan or $7.7 billion for producing...
Electric Vehicle
GM and LG Energy to build battery cell plant for $2.3 bn in Tennessee
General Motors and South Korean joint-venture partner LG Energy Solution will build a battery cell manufacturing plant for $2.3 billion in Spring Hill, Tennessee.
The planned...
Electric Vehicle
Spain offers $950 mn subsidy for electric car sales
The Spanish government has approved a plan to spend up to 800 million euros ($950 million) until 2023 to encourage electric car sales, the...
Electric Vehicle
GM offers clues to technology aimed at slashing EV battery costs
General Motors (GM) is testing a variety of battery chemistries, technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries...
Electric Vehicle
Xiaomi’s foray into electric vehicle will intensify competition
Chinese smartphone giant Xiaomi plans to enter into electric vehicles (EV) business with $10 billion investment over the next 10 years.
“While Xiaomi’s entry will...
Electric Vehicle
Xiaomi to invest $10 bn in smart EV business
Chinese smartphone maker Xiaomi has entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a...
Electric Vehicle
Skoda plans significant electric vehicle investment
Czech carmaker Skoda Auto, part of the Volkswagen Group, said on Wednesday it would invest around 2.5 billion euros over the next five years...
Electric Vehicle
Renault aims sale of electric and hybrid cars to more than double
Automaker Renault expects its sales of electric and hybrid cars to more than double to 350,000 in 2021, Reuters reported.
Amid tougher emissions regulations, car...