Electric Vehicle

International Battery Company Signs $972 mn Pact to Build Battery Manufacturing Facility in India

India’s southern state of Karnataka has signed a significant investment agreement with International Battery Company (IBC) worth 80 billion rupees ($971.89 million) to establish...

Chinese Battery Materials Firms Invest Billions in South Korea to Meet US EV Tax Credit Rules

Chinese battery materials companies are increasing their investments in South Korea, with project announcements amounting to at least $4.4 billion this year. The move...

Toyota Accelerates EV Technology Development in China Amidst Fierce Domestic Competition

Toyota, the world’s top-selling carmaker, has announced its plans to intensify the development of electric vehicle (EV) technology in China to stay competitive in...

Ford Motor to cut investment in money-losing electric vehicles?

In a significant shift in Ford Motor’s product strategy, CEO Jim Farley has announced plans to slow down the ramp-up of money-losing electric vehicles...

Toyota reports robust growth in hybrid and electric vehicle sales worldwide

Toyota Motor, the renowned Japanese automaker, has announced impressive growth in the global sales of its hybrid electric vehicles (HEVs) and battery electric vehicles...

China’s Sunwoda Electronic to build $275 mn EV battery factory in Hungary

China’s Sunwoda Electronic plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71...

LG Energy reports strong earnings, raises revenue growth target

LG Energy Solution (LGES), a leading player in the EV battery sector, announced impressive financial results for the second quarter of 2023. During the second...

Major automakers form JV to challenge Tesla and benefit from subsidies

Major automakers announced the formation of a new company aimed at providing electric vehicle (EV) charging infrastructure across the United States. The group includes some...