Tag:

EV

Indonesia Introduces New Incentives to Drive Electric Vehicle Adoption

In a bid to accelerate the adoption of electric vehicles (EVs) and bolster its domestic EV industry, Indonesia has unveiled a series of incentives...

Stellantis to Invest $111 mn in Hungarian Facility for Electric Drive Module Production

Stellantis has announced an investment of 103 million euros ($111.02 million) in its Szentgotthard facility in Hungary. This investment aims to expand the production...

Ford Adjusts EV Investment Strategy as Consumers are not Ready to Pay Premium Price

In response to shifting consumer trends towards hybrid vehicles and family SUVs, Ford announced plans to scale back investments in new Electric Vehicle (EV)...

LG Electronics Opens Electric Vehicle Charging Factory in U.S.

LG Electronics (LG) has taken a significant step in bolstering its position in the electric vehicle (EV) charging solutions market with the inauguration of...

EC probes to ascertain whether Chinese-made EVs benefit unfairly from state subsidies

European Commission investigators are gearing up to scrutinize Chinese automakers in the weeks ahead, according to a recent Reuters news report. This investigation is part...

Global Sales of EVs to Achieve 25-30% Growth in 2024: Rho Motion

Market research firm Rho Motion reports that global sales of fully electric and plug-in hybrid vehicles (PHEVs) witnessed a 31 percent increase in 2023,...

VinFast Signs $2 bn Investment Deal for Electric Vehicle Manufacturing in India

VinFast, the Vietnamese electric vehicle (EV) giant, has announced a deal to set up its first production facilities in India, aiming to conquer the...

EV Battery Price Drops in December, Affecting Cell Demands

The Average Selling Price (ASP) of Chinese EV cells registered a notable decrease of 6–10 percent in December, 2023, according to TrendForce. EV square ternary...