Electric Vehicle

China’s EV Battery Market Rebounds with Stability: TrendForce Analysis

China’s electric vehicle (EV) battery market has experienced a resurgence of stability in prices since February, according to the latest analysis by TrendForce. March witnessed a significant rebound in battery-grade...

Tata and Shell India Collaborate to Expand EV Charging Infrastructure

Tata Passenger Electric Mobility (TPEM) announced its agreement with Shell India Markets to jointly establish EV charging stations nationwide. The collaboration aims to capitalize on...

Mercedes-Benz Posts 8% Drop in Electric Vehicle Sales in First-Quarter

Mercedes-Benz has unveiled its performance figures for the first quarter of 2024, revealing a mixed bag of results with notable developments in its electric...

Volkswagen Reports 3.3% Drop in EV Delivery in First-Quarter

Volkswagen has disclosed its first-quarter performance for 2024, revealing a 3.3 percent decline in the delivery of all-electric vehicles (BEVs), totaling 136,400 units. While Volkswagen...

Ascend Elements and Elemental Strategic Metals Form JV to Recycle EV Batteries

US-based Ascend Elements and Poland’s Elemental Strategic Metals have formed a joint venture to address the mounting concern of electric vehicle (EV) battery waste....

BMW Surpasses One Million Electric Vehicles Milestone

BMW, the German automaker, has announced a marginal increase in first-quarter sales, fueled in part by heightened demand for electric vehicles (EVs). The milestone...

Exide Inks EV Battery Production Deal with Hyundai Motor and Kia

Hyundai Motor and Kia have inked a deal with India’s Exide Energy Solutions aimed at expanding their presence in the global electric vehicle (EV)...

Hyundai Motor Unveils $50 bn Investment Plan to Drive Electric Vehicle Dominance

Hyundai Motor Group announced its intention to invest 68 trillion won (approximately $50.6 billion) in a bold strategic move aimed at fortifying its position...

LG Energy Reveals Progress on $5.5 bn Battery Manufacturing Complex in Arizona

LG Energy Solution’s project to construct a major battery manufacturing complex in Arizona remains on course, with expectations of completion within two years. The company’s...

Tesla Quarterly Deliveries Decline as it Faces Mounting Pressure in China

Tesla has reported a notable decline in quarterly deliveries, marking its first drop in nearly four years, Reuters news report said. After experiencing robust sales...

Xiaomi’s Debut Electric Car SU7 Draws Over 100,000 Orders

Chinese tech giant Xiaomi announced on Wednesday the remarkable reception of over 100,000 orders for its inaugural electric vehicle, the SU7. During a ceremony held...