In a statement Anish Shah, the CEO of Indian auto major Mahindra and Mahindra group said, it will explore sourcing more components from other companies to boost its electric vehicle (EV) portfolio. While earlier Mahindra had focussed on developing EV components… Read More ›
In a statement on Friday, Japanese automaker Nissan Motor Co said, it was too early to say whether it would spin off its electric vehicle (EV) business like Renault is seeking to do. “It’s too early to consider because of our… Read More ›
In a statement Renault said, it would sell a little over a third of its Korea unit to China’s Geely Automobile Holdings for around $200 million. The move is aimed at freeing up funds for Renault to invest in its electric business… Read More ›
According to a top executive at Honda Motor Co, the company plans on building millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one of them being jointly developed with U.S. partner General Motors Co. “Honda… Read More ›
In a statement He Xiaopeng, the CEO of Chinese electric-car maker Xpeng said, automakers in China may have to suspend production in May if suppliers from Shanghai and surrounding areas do not resume work. China’s zero tolerance policy towards COVID-19 have… Read More ›
The rising sale of electric vehicle (EV) has given rise to the question of how governments, power grid operators and charging companies will allow the charging of tens of millions of vehicles without crashing local networks or spending billions upgrading… Read More ›
On Thursday, in a statement ABB said, it had acquired a controlling interest in U.S-based InCharge Energy, which specializes in electric vehicle (EV) commercial charging infrastructure. ABB, which makes industrial automation and factory robots said, the acquisition built on an initial investment… Read More ›
On Tuesday, Australian lithium miner Allkem Ltd said, lithium carbonate prices for the third quarter of 2022 are expected to jump by 80% from the first half on the back of booming demand for the metal which is used in electric… Read More ›
In an interview to German daily Muenchner Merkur, BMW’s CEO Oliver Zipse said, the carmaker plans on creating up to 6,000 new jobs in 2022 as it prepares to meet heightened demand for its electric vehicles. “BMW is on a… Read More ›
According to two sources familiar with the matter at hand, LG Energy Solution (LGES) is likely to place its IPO at the top of its indicative range at around $11 billion. Institutional investors are betting heavily on booming demand for… Read More ›
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