Renault Goes on China Hiring Spree to Bolster EV Push at Home
Renault SA is trying to strengthen its electric-vehicle (EV) business at a time of flagging demand by building up its footprint in a country where it does not even sell cars – China. The French carmaker is turning to one…
EV Charging Equipment Market Global Outlook & Forecast 2024-2029
The global EV charging equipment market is highly fragmented, with numerous players ranging from specialized startups to established multinational corporations. This fragmentation stems from the rapid growth in EV adoption, leading to a diverse range of solutions tailored to various…
China’s AIMA Brand Electric Motorbike is now in Bangladesh
With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by…
Rivian and Volkswagen Group Announce the Launch of their Joint Venture
Rivian Automotive (NASDAQ: RIVN) and Volkswagen Group (XETRA: VOW / VOW3) entered into a transaction agreement to create their new joint venture (JV) – “Rivian and VW Group Technology, LLC”, known as Rivian and Volkswagen Group Technologies – with a…
China Plans to Make EV Batteries from Salt
Salt — not cobalt, nickel, or lithium — is what Chinese battery giant CATL intends to use to revolutionize electric car batteries. According to the company, this breakthrough could slash battery production costs by 70%. CATL has unveiled a new…
Global Electric Bus Market to Grow by USD 68.5bn Over the Next Decade
The global electric bus market is valued at an estimated USD 21.3 billion in 2024 and is projected to reach USD 68.5 billion by 2034, growing at a CAGR of 12.4%. The electric bus market has witnessed remarkable growth in…
Global EV Sales up 35% in October, Propelled by China
Global sales of fully electric and plug-in hybrid vehicles increased 35% in October compared to the same month in 2023, driven by a 54% hike in sales in China, according to market research firm Rho Motion. However, it was a…
EHang Announces US$22M PIPE Investment from Strategic Investors
EHang Holdings Limited (“EHang” or the “Company”) (Nasdaq: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, today announced a strategic investment totaling over US$22 million. The investors are Zhuhai Enpower Electric Co., Ltd. (“Enpower”, SZ300681), a Chinese…
Chinese-made Electric Buses Showcasing Iconic Landscapes run Across Malta
Three Chinese-made electric buses, each adorned with vibrant images of iconic Chinese landscapes and cultural heritage sites, began operating across Malta on Saturday. The buses showcase renowned Chinese landmarks, including the Great Wall and the Summer Palace in Beijing, scenes…
Xpeng Says P7+ gets 31,528 Orders 3 Hours after Launch
Xpeng’s (NYSE: XPEV) new flagship sedan, the P7+, appears to be getting good initial acceptance, with the Chinese electric vehicle (EV) maker sharing strong order figures. The P7+ had received 31,528 firm orders, breaking records for all other models in…
