Matter Group to start deliveries of Aera, its geared electric motorbike, this festive season

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Electric vehicle and energy storage company Matter Group announced it will open its first showroom in Ahmedabad on October 11. The company plans to establish 100 such hubs across 4...

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As shift to EVs matures, Volkswagen considers first plant closure in Germany

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Volkswagen, on a cost-cutting drive as it transitions away from fossil-fuel vehicles, is considering whether it should close factories in Germany – a first since the company was fo...

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BYD posts record sales in China, buys German EV distributor to bolster European presence

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Chinese electric vehicle (EV) maker BYD announced it will buy Hedin Electric Mobility (HEM), one of the companies that distributes its EVs in Germany, as part of the Chinese compan...

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General Motors, Samsung SDI agree on $3.5 billion, 36 GWh EV battery cell plant in Indiana, USA

GM Chair Mary Barra chats with Samsung SDI CEO Yoon-ho Choi after signing an EV battery agreement in 2023. Image: Samsung SDIsigning an MOU on a joint EV battery plant in the U.S. in March 2023.

Samsung SDI and General Motors have finalized their agreement for a joint venture factory to supply electric vehicle (EV) batteries in the United States. The joint venture plant wi...

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US awards $521 million in grants for EV charging, alternative-fueling infrastructure across 29 states

The US government has awarded $521 million in funds for building electric vehicle (EV) charging and alternative-fueling infrastructure nationally. The grants, made possible by the ...

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Ford shifts electric vehicle strategy to lower-cost models, delays major launches to 2027

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Ford Motor is shifting the focus of its electric vehicle ambitions. The Michigan-based company has decided to focus on lower-cost models with a different make and reduced its EV in...

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EVs in the US: half of sales by 2030, more charging stations than fuel pumps by 2032

The US is likely eight years away from completely tipping over into electric vehicle territory. EVs will account for 48 percent of new passenger vehicle sales by 2030 according to ...

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US grants more funds to retool small and mid-size conventional auto plants to make EVs, EV components

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The US government has announced $50 million to six states possessing significant automotive communities (largely down its central belt) to help their small and medium-sized automot...

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IKEA Foundation supports EV transition in emerging markets with $100 million grant

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IKEA Foundation on Tuesday (March) announced a new initiative for backing zero-emission road transportation in emerging markets with an investment of $100 million over four ye...

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Uber, BYD partner on enhanced EV adoption, autonomous vehicle deployment

Source: Uber

Uber Technologies and Chinese automaker BYD recently announced a multi-year strategic partnership targeting to bring 100,000 new BYD electric vehicles onto the Uber ...

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First batch of Stellantis-Leapmotor JV EVs -- an SUV and a hatchback -- are headed to Europe

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The first batch of electric vehicles from Leapmotor International, the 51:49 joint venture between European carmaker Stellantis and Chinese EV manufacturer Leapmotor, have been shi...

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US DOE offers $1.7 bn to retool closed auto plants into EV and component units

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The US Department of Energy (DOE) announced $1.7 billion in funding support for auto companies to convert 11 closed or at-risk auto units to manufacture electric vehicles and their...

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Castrol to invest $50 million in Gogoro for advancing E2W transition in cities

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Lubricants major Castrol has announced an investment of up to $50 million in Taiwanese EV firm Gogoro Inc. that is successfully pioneering battery-swapping ecosystems for...

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Mercedes-Stellantis combine halts work at gigafactory sites, considers switch to LFP cells

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Carmakers Mercedes and Stellantis have halted construction of their joint venture EV battery factories and are taking a relook at their EV battery plans. Reports say the two partne...

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GM sticks to EV transition plan, all-electric lineup by 2035 likely

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General Motors is sticking to its plan for an all-electric vehicle lineup by 2035, a company spokesperson told reporters after news that the Detroit-based automaker might attempt a...

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What EU tariffs will do to trade with China

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Imports of Chinese electric vehicles to Europe would drop 25 percent if the continent imposed a 20 percent import tariff on vehicles from the Middle Kingdom, according to a report ...

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Gotion showcases EV batteries that charge to 80 percent in > 10 mins

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China's Gotion High-Tech might have stolen a march on the rest of the world, including homegrown rival CATL, with the development of a car battery that can go from zero to 80 perce...

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Tesla breaks ground on $200 mn ESS plant in Shanghai, its first outside US

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Company has also reportedly told EV suppliers to set up capacity outside China and Taiwan from next year Tesla has broken ground in Shanghai on the company's first battery factory ...

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Honda unveils EV pivot: $65 bn spend, seven new models using F1-developed technology by 2030

Honda announced it will double its investment in EVs to $65 billion and launch seven new electric models by 2030, as the Japanese company moves to catch up with industry biggies su...

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Stellantis JV to launch Leapmotor EVs in nine European countries from September

Stellantis announced a joint venture with the Chinese electric vehicle startup Leapmotor to retail EVs outside China. The venture, dubbed Leapmotor International, will be headquart...

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UK 'most suitable' market for EV transition in Europe: Geotab

Connected transportation and telematics solutions firm Geotab Inc. has claimed that two-thirds of cars and vans operated by private and public sector organizations&n...

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Has India's new EV policy piqued Tesla's interest? Musk is coming to meet Modi

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India's new EV manufacturing policy is likely to pay a quick dividend. Elon Musk announced that he would be visiting the country to meet Prime Minister Narendra Modi. "Looking forw...

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US unveils strictest car emission norms to boost EV offtake

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US President Joe Biden announced the country's strictest vehicle exhaust emissions regulations as part of attempts to accelerate the transition to electric vehicles. The new norms ...

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TVS Motor Company's Singapore arm increases stake in Germany’s Killwatt GmbH to 49 percent

Leading two-wheeler and three-wheeler manufacturer globally, TVS Motor Company's Singapore-based arm has acquired an additional 8,000 equity shares for €4 million in Killwatt GmbH,...

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US DoE announces $710 mn in loans to EV tech makers

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The US Department of Energy announced it has issued preliminary approval for nearly $710 million in loans to companies manufacturing electric vehicle (EV) components. The lion's sh...

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Stellantis to invest €103 mn to support new EV platform

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Stellantis announced it would invest €103 million to increase production capacity of electric drive modules (EDMs) at its Szentgotthard plant, Hungary. The new capacity is expected...

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GODI plans 12.5 Gwh cell factory in Telangana

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GODI India Private Ltd has signed an MoU with Telangana to set up a 12.5 GWh cell manufacturing facility with an investment of ₹8,000 crore, the parties announced. The agreement wa...

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China's revised NEV purchase tax policy comes into effect

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China's revised taxation policy for the purchase of new energy vehicles (NEVs) has come into effect from the start of this year. The current taxation scheme has replaced the t...

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BluSmart raises $24 million in equity round to expand EV ride-hailing services

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Indian EV ride-hailing and charging infra service provider BluSmart Mobility has announced a fresh round of funding worth $24 million in a fresh round of equity from exis...

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30x30 Initiative: Ford Pro, Xcel Energy bring EV charging solutions for business fleets

Ford Pro, the commercial division within Ford Motor Co. and American utility, Xcel Energy have launched a new 30x30 initiative that aims to install 30,000 electric v...

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