White House EV Investment Push Especially Benefits One Region
The U.S. Department of Energy is driving full speed ahead into the electric vehicle future. It’s providing a $9.2 billion low-interest loan to automaker Ford and its South Korean partner, SK On, to build three EV battery factories: two in Kentucky, one in Tennessee. The…
China Extends Tax Breaks For New Energy Vehicles Until 2027
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan (US$72bil or RM335bil) in the coming four years, in an effort to bolster its flagging electric vehicle (EV) industry. The move, announced…
Hyundai’s Plans For EVs, Restructuring In China
Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp , outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here…
Buick Launches Another Compelling Ultium-Based EV In China For Under $30K, Still ICE Only In The US
After launching its first Ultium-based EV in China, the Electra E5, just two months ago, Buick is pushing forward with a new purely electric SUV. The new Buick E4 electric SUV adopts the brand’s latest design language, “Pure Design,” represented in…
Polestar (PSNY) Forms Software Alliance To Develop Its Own In-Car OS For China
Polestar’s (and Volvo’s) parent company Geely bought a majority stake (79.9%) in Meizu, a Chinese electronics company, last year as the company looked to expand its digital platform offerings. Meizu was once one of China’s most popular smartphone makers and known as…
Foxconn Plans To Pivot From IPhones To EVs Amid Rising US-China Tensions
When people hear the name Foxconn, they often think of factories in mainland China producing US-designed iPhones. However, as tensions between the two countries become increasingly volatile, the company is plotting a course to manufacture electric vehicles in facilities outside…
Audi Chief Sets Sights on China in Electric Car Catch-up
Audi has to speed up development of new models to meet a surge in demand for electric vehicles, especially in China, the German luxury carmaker’s CEO said in an interview with Reuters published on Thursday. “We are in the process…
China’s Luxury EV Maker HiPhi Unveils Interior Images of HiPhi Y SUV
HiPhi, the Chinese luxury electric vehicle brand owned by Human Horizons, revealed the official interior design images of its third model, the HiPhi Y. According to the images newly released, the HiPhi Y’s interior design retains the architectural concept of…
Philippines Says China’s Yadea To Invest $1 Billion In EV Battery Plant
China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in a battery factory in the Philippines, the country’s investment promotions agency chief said on Thursday. Yadea is one of a…
Toyota Plans Electric Vehicle With Solid-State Battery In ’27-28
Toyota Motor Corp., playing catch-up in the fast-expanding market of electric vehicles, said it plans to roll out a next-generation car fueled by a solid-state battery as early as 2027 that has double the range of conventional models. Its new EV is expected…
