VinFast to Break Ground on $2B Factory in India
Vietnamese electric vehicle maker VinFast plans to build a US$2 billion factory in the southern Indian state of Tamil Nadu, with groundbreaking scheduled for this Sunday. The company signed an MoU with the state government last month for building the…
EVR Motors Inaugurates Electric Motor Coil Factory in India
EVR Motors’ Indian plant is located in Manesar, an industrial hub in the state of Haryana in the northern region and home to the largest auto factory (900,000 vehicles/annum) of Maruti Suzuki, the nation’s biggest automaker. The company can manufacture…
Tesla to Scout Sites in India for $2 billion-$3 billion EV Factory
Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday, citing people familiar with the matter. The…
Joy E-Bike Sets up a New Assembly Line Facility in Deoghar, Jharkhand
Wardwizard Innovations & Mobility Limited (WIML), one of the leading manufacturers of electric two-wheelers under the brand ‘Joy e-bike’ and threewheelers under the brand ‘Joy e-rik’ in India, today inaugurated its new assembly line facility for electric two-wheelers in Deoghar,…
Chinese EV Makers are Planning Factories in Mexico
Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report. MG, BYD, and Chery are all looking at sites to build new factories in the country, according…
China’s BYD picks Hungary for its First European Electric-car Plant
BYD plans to build its first European car factory in Hungary, part of a push by the Chinese electric-vehicle powerhouse to challenge Tesla as the dominant maker of battery-powered cars. The plant in the southern city of Szeged will produce…
Chinese-Thai Battery Plant Opens in Rayong, boosting Thailand’s EV mission
The new plant, located at Siam Eastern Industrial Park II in Rayong, is a significant step in the country’s ambition to become a global hub for electric vehicle production, said the president of Thailand’s oil and gas giant. NV Gotion…
Elon Musk’s Tesla to build €25,000 car at German plant
“Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its…
AUTOMOBILES VinFast To Invest $400m On India, Indonesia EV Factories
VinFast aims to build factories in India and Indonesia, while anticipating a $1.2 billion cash infusion from its founder and others as the Nasdaq-listed electric vehicle producer hopes to reach 50 markets by the end of 2024. Vietnam-based VinFast sold…
Tesla Proposes Building Battery Storage Factory In India -Sources
Tesla has drawn up plans to make and sell battery storage systems in India and submitted a proposal to officials seeking incentives to build a factory, two people aware of the plan said, as Elon Musk continues a push to…
