EV Update Media – Electric Vehicles and Battery Industry News & Updates

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Tamil Nadu CM Lays Foundation Stone for VinFast’s EV Plant in Tuticorin

Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd which has earmarked investments to the tune of ₹16,000 crore in the state. The…

Vietnam EV Maker VinFast Reports $2 Billion Net Loss In 2023

Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to…

Ford CEO Open to Working With Rivals to Compete With China

Ford Chief Executive Jim Farley said on Thursday the automaker is reworking its electric vehicle strategy to compete with Chinese rivals, and opened the door to collaboration with other automakers to cut EV battery costs. BYD and other low-cost Chinese…

Global EV Sales Up 69% y/y in Jan

Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December, reflecting subsidy cuts or tighter rules in Germany and France and seasonally weaker sales in China. Sales of fully-electric cars, or battery…

Ford’s Developing A Cheap EV Platform To Fend Off Tesla And Chinese EVs

A small team within Ford has spent the last two years developing a low-cost platform for smaller electric vehicles, CEO Jim Farley said on Tuesday. “We made a bet in silence two years ago,” Farley told investors during the company’s…

Evergrande EV Unit Suspends Talks with Dubai’s NWTN on Redrafting Deal

China Evergrande New Energy Vehicle (0708.HK), opens new tab (NEV) said on Friday it has suspended negotiations on amendments to the terms of a HK$3.89-billion ($497.42 million) share subscription agreement with Dubai-based mobility firm NWTN (NWTN.O), opens new tab. In…

bp pulse and Uber Team Up On Driver Charging As EV Momentum Builds

bp and Uber today announced a new global mobility agreement which will see the companies work together to help accelerate Uber’s commitment to become a zero-tailpipe emissions mobility platform in the US, Canada and Europe by 2030 and globally by…

Mercedes Opens Its First EV-Only Dealership In The World In Japan

Mercedes-Benz’s first dealership in the world dedicated to its all-electric Mercedes-EQ brand opened in Yokohama, south of the Japanese capital on Tuesday, the German automaker’s local unit said. Mercedes-Benz has rolled out five electric models since 2019 and “sees further…

Suzuki And PowerX To Explore Biz Potential For Ultrafast EV Chargers In Japan And India

Suzuki Motor Corporation has signed an MoU with the Tokyo-based PowerX Inc, which manufactures and sells battery energy storage systems, to start exploring business partnership opportunities in Japan and India. The business partnership between the two Japanese companies will explore…

India Roundup: Foxconn Postpones Bharat FIH’s IPO Plan

Foxconn decided to postpone its Indian subsidiary’s IPO plan due to current market conditions. Google’s business in India may be negatively impacted after being fined by the country’s antitrust regulator for anti-competitive practices. Foxconn postpones Bharat FIH’s IPO plan According…