Electric Vehicle

BYD to invest $620 mn in industrial complex in Brazil

BYD, the Chinese automaker, has revealed plans to invest 3 billion reais ($620.17 million) in a new industrial complex located in northeastern Brazil. This investment...

Tesla delivered over 466,000 cars in second-quarter

Tesla announced it produced nearly 480,000 vehicles and delivered over 466,000 cars during the second quarter (Q2) of 2023. Tesla delivered 19,225 Model S/X, and...

Germany allocates $983 mn in subsidies to expand EV charging

Germany has announced plans to allocate up to €900 million ($983 million) in subsidies to enhance electric vehicle (EV) charging stations for households and...

ABEE plans $1.5 bn battery plant in Romania

Belgian group Avesta Battery & Energy Engineering (ABEE) is planning a 1.4 billion euro ($1.53 billion) battery plant in Romania’s Galati, creating up to...

Epsilon to invest $650 mn in US for EV battery materials plant

Epsilon Advanced Materials, a leading battery materials company in India, announced its plans to invest $650 million in the US. Epsilon Advanced Materials said it...

Companies investing in EV battery factories in Europe

Reuters has compiled a list of electric vehicle (EV) battery makers in Europe, including annual capacity and production timelines where available. BELGIUM PLANNED * SENEFFE-MANAGE: Avesta Battery...

US aims to offer $9.2 bn loan to Ford-SK venture

The U.S. Department of Energy intends to provide a loan of up to $9.2 billion to a collaborative effort between Ford Motor and SK...

China offers $72 bn tax break for green cars to drive demand

China has revealed a substantial 520 billion yuan ($72.3 billion) plan on Wednesday to stimulate the sales of electric vehicles (EVs) and other eco-friendly...