Electric Vehicle

EV market surges in Q1-2025, but trade tensions loom over growth

The global New Energy Vehicle (NEV) market continues to demonstrate strong momentum, with sales surpassing 4 million units in Q1 2025 — a 39 percent jump, according to TrendForce. This...

Honda scales back EV plans amid shift in demand

Honda Motor has decided to reduce its electric vehicle (EV) investment and refocus on hybrid models marking a significant strategic shift. Honda Motor has cut...

Global EV chargers double to 5 mn led by China

According to the IEA, the number of public EV chargers globally doubled since 2022, reaching over 5 million in 2024. Despite home charging being the...

IEA forecast on EV battery demand

The electric vehicle (EV) battery market is projected to experience significant growth, with demand expected to surpass 3 TWh by 2030, up from approximately...

India accelerates EV adoption, targets one-third electrification

India’s EV sector is poised for significant growth, driven by government policies and incentives. The IEA projects that by 2030, 1 in 8 vehicles...

IEA’s report on electric car market projections

The global electric vehicle (EV) market continues to experience impressive growth, with sales surpassing 17 million in 2024 and projections indicating more than 20...

LG Energy launches startup program

LG Energy Solution has launched its Open Submission for Startup (OSS) program, inviting startups globally to propose innovative solutions in the energy sector. The program,...

Nissan cancels $1.1 billion EV battery plant in Japan

Nissan has decided to cancel the planned $1.1 billion LFP battery plant in Kitakyushu, Fukuoka Prefecture. The plant was initially set to start operations...

Foxconn-Mitsubishi Motors partnership shows shifts in EV market trends

Foxconn’s subsidiary, Foxtron Vehicle Technologies, announced its memorandum of understanding (MOU) with Mitsubishi Motors marking a significant development in the electric vehicle (EV) industry...

How LG Energy plans to mitigate Donald Trump’s tariffs

LG Energy Solution plans to mitigate the impact of Donald Trump's tariffs by streamlining operations and reducing costs across its business. The company intends to...

LG Energy forms JV with Derichebourg to advance battery recycling

LG Energy Solution announced its joint venture with Derichebourg, marking a significant strategic move in Europe’s fast-evolving battery recycling sector. The announcement comes at a...