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Global EV market in 2022 IDC report

EV market size reaches 11 mn in 2022: IDC

The global electric vehicle (EV) market has reached 11 million units last year with a penetration rate of 14 percent. The top three players worldwide...
LG Energy Solution and Hyundai EV battery plan

Hyundai and LG Energy to build $4.3 bn EV battery plant in US

Hyundai Motor and LG Energy Solution announced their plans to construct a $4.3 billion electric vehicle (EV) battery plant in the United States, seizing...
Ford Motor EV business

Ford Motor signs supply deals for battery-grade lithium

U.S. automaker Ford Motor has unveiled new supply deals for battery-grade lithium as the U.S. automaker aimed to meet its target of producing 2...
Volvo electric trucks

Volvo to sell 1,000 electric trucks to Holcim

Volvo Group unit Volvo Trucks plans to sell 1,000 electric trucks – as a replacement of 1,000 existing Volvo FH diesel trucks -- to Swiss...
GM CEO on Michigan investment

GM may miss target to produce 1 mn EVs in North America

General Motors may fall short of its target to produce 1 million electric vehicles (EVs) in North America by 2025, Reuters news report said. Though...
Panasonic factory at Shiga

Panasonic plans multiple new battery factories in North America

Panasonic Holdings, a Japanese company known for its energy unit’s production of batteries for EV leader Tesla, announced its intention to increase the production...
BP buys TravelCenters of America

BP buys TravelCenters of America for $1.3 bn

BP Products North America, a subsidiary of BP, has completed its $1.3 billion acquisition of TravelCenters of America. “Combining TA’s sites on US highways with...
Enel X Way EV charging

Northvolt and ProLogium to spend $11 bn for EV battery factories in Europe

Sweden’s Northvolt and Taiwan’s ProLogium, two leading electric vehicle battery makers, plan to spend around 10 billion euros ($11 billion) on factories in Europe. Northvolt...
Toyota Camry hybrid green cars

Toyota Motor targets five-fold increase in battery EV sales

Toyota Motor is targeting a 10 percent increase in operating profit for the current year as it foresees a significant jump in sales of...
BYD e-vehicle China

BYD plans EV manufacturing plant in Vietnam

Chinese automaker BYD plans to expand into electric vehicles manufacturing and assembly in Vietnam, according to a Vietnamese government statement. BYD’s founder and chair Wang...




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