On Monday, shares of LG Chem Ltd slid by nearly 10% following a statement by General Motors Co that it would recall an extra 73,000 Chevrolet Bolt cars, which use the South Korean firm’s batteries, months after a similar recall by Hyundai… Read More ›
On Thursday, South Korea’s LG Energy Solution and Hyundai Motor Group said, they plan on setting up a joint venture (JV) in Indonesia which will produce batteries for electric vehicles (EV) and plan on investing $1.1 billion each, with both… Read More ›
On Monday, Vietnam’s domestic car manufacturer Vinfast said, it has opened offices in Europe and in North America. The development marks the company joining a crowded sector as it tries to woo customers with smart electric cars. VinFast, a unit… Read More ›
On Wednesday, in a statement Tesla Inc said, it has opened its first charging station in China which is equipped with its own solar panels as well as its own energy storage facilities. In a Weibo post, Tesla said, the charging… Read More ›
In a report the Financial Times said citing sources familiar with the matter at hand, Britain is in talks with 6 companies for building gigafactories which will produce batteries for electric vehicles. According to the report, Nissan Motor Co Ltd,… Read More ›
In a development aimed at further boosting the adoption of electric vehicles the U.S. Senate Finance Committee has advanced legislation aimed at boosting the tax credits for electric vehicles to as much as $12,500, as long as they are assembled… Read More ›
In a significant development that potentially sees global carmakers increasing their footprints in India’s huge car market, New Delhi plans on offering fresh incentives to companies making electric vehicles (EVs) as part of a policy push in the auto sector… Read More ›
Wei Jianjun, the chairman of China’s Great Wall Motor said, the company plans on launching a new standalone brand for its off-road vehicles, as it seeks to pursue new segments in its home market. Great Wall, China’s top pick-up truck… Read More ›
According to a government document, Tesla Inc will be setting up an electric-car manufacturing unit in the southern state of Karnataka. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” said a state government official… Read More ›
On Tuesday, Panasonic Corp raised its full-year operating profit forecast by more than 50% on the back of heightened demand for its batteries from pandemic-driven purchases of home appliances, sales of 5G equipment and Tesla Inc cars. The strong performance… Read More ›
