EV Sales Break Record Globally In 2021, Market Share Drastically Up
The market share of electric vehicles around the world increased 41 times in the last 10 years and reached 8.3%. Last year, electric vehicle sales reached 6.75 million, up 108% from earlier. Within the scope of the goals of combating…
GAC Presented With 2021 Best Performance Award By Mitsubishi Motors MEA
General Automotive Company (GAC), the official distributor for Mitsubishi Vehicles in Oman, was recently awarded the ‘2021 Best Performance Award’ in Accessories Sales by Mitsubishi Motors Middle East and Africa (MMMEA). GAC was presented with this coveted award, which it…
By 2030, The Renault Nissan Mitsubishi Alliance Will Introduce 35 New EV Models
After announcing its major restructuring plan back in May 2020, the Renault Nissan Mitsubishi Alliance is now preparing for the next stage of its transformation towards a carbon-neutral business. Thanks to a massive $25 billion investment in the next five…
LG Energy Solution, The EV Battery Giant, Soars On Its Debut After Completing Korea’s Largest Ever IPO
LG Energy Solution, the battery maker that raised billions in Korea’s largest float ever, soared on its debut on the 27th January 2022, benefiting from the electric vehicle boom. The stock closed at 505,000 won on the Korea Exchange, 68%…
EV Battery Giant Launches IPO Worth Up To $10.8 Billion
LG Energy Solution Ltd., one of the world’s largest makers of batteries for electric vehicles, started taking investor orders for a share sale that could raise as much as $10.8 billion. The offering is on course to be comfortably the…
In The Midst Of The EV Push, GM And Volkswagen Are Strengthening Their Battery Supply Chains
Auto makers are trying to control more of the supply chain for electric vehicles, forging new partnerships with raw materials producers and investing in facilities that make chemicals for batteries. Auto makers are trying to control more of the supply…
Li-Cycle Partners With Arrival to Advance EV Battery Recycling
Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced a collaboration with Arrival (NASDAQ: ARVL), a global company that is on…
Saudi Arabia To Begin Promoting Electric Vehicles In Riyadh
Saudi Arabia said that at least 30 per cent of cars in its capital would be electric by 2030, as the world’s biggest oil exporters seeks to reduce planet-warming emissions. The target, announced at the start of a Saudi climate…
Hyundai And LG Start Building $1.1Bn EV Battery Plant In Indonesia
South Korea’s Hyundai Motor Group and LG Energy Solution on kicked off the construction of a $1.1 billion electric vehicle battery plant in Indonesia, which President Joko “Jokowi” Widodo hailed as marking the country’s shift away from resources toward technology….
Sunverge, Simply Energy, Nissan And Wallbox Partner On Vehicle-To-Home And EV-To-Grid Services.
Sunverge has entered into a strategic partnership with Simply Energy, Nissan Australia, and home EV charging installer Wallbox, to combine Sunverge’s advanced intelligent energy management platform, Wallbox’s Quasar bi-directional in-home electric vehicle (EV) charging stations, and Nissan’s compact EV the…
