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…
New Buick Electra E4 Unveiled As The Second Ultium EV For China
It has been well documented that China is a major market for EVs and Buicks, so it should not come as a surprise that the GM brand has already unveiled two brand-new all-electric crossovers in the market. The second, the…
Saudi Arabia signs $5.6bln deal with Chinese EV company
Saudi Arabia’s Ministry of Investment has signed a $5.6 billion deal with Chinese electric car maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said in a statement. The agreement accounts…
Nio Said Not To Join China’s EV Price War. Now It’s Cutting $4K Across All Models
Nio, one of China’s homegrown Tesla challengers, has slashed the prices of all its models by 30,000 yuan ($4,200), the NYSE-listed premium electric vehicle upstart announced on Monday. The news came as EV makers enter a price war in the world’s largest…
VW’s China Joint Venture Transforms Shanghai Plant For EV Production
Volkswagen’s Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production, research and development of electric vehicles (EV), the German automaker said on Tuesday. Production of internal combustion engine models at the main plant of…
Lucid Stock Rises On Plans To Join China’s EV Market
Reuters is reporting that luxury electric-vehicle maker Lucid is planning to sell imported cars in China, the world’s largest automobile market. The move would create further competition with Tesla, one of the largest EV sellers in the nation. All right….
Nidec, Renesas To Develop EV Drive System To Meet Demand In China
Ryuji Omura, left, a senior vice president at Nidec Corp., and Vivek Bhan, a senior vice president at Renesas Electronics Corp., at the Nidec Shin-Kawasaki Technology Center in Kawasaki on June 6 (Kazuhito Suwa) Motor maker Nidec Corp. and chipmaker…
GM’s Proxima EV Concept Revealed In China Sporting Buick Badge, Gullwing Doors
General Motors has revealed a new concept car dubbed Buick Proxima, which was created at its Shanghai-based design studio and provides a glimpse into the group’s future all-electric line-up. The Proxima is a zero-emissions sedan that features impressive gullwing doors…
Belarus To Modify Charging Stations To Adapt To Chinese EV
About 200 charging stations run by Belarusian oil company Belorusneft will be modified to adapt to Chinese electric vehicles by the end of 2023, a senior manager of the company said on Friday. They account for about 30 percent of…
