VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting to dominate the global transition to clean vehicles. The deal…
Nissan To Invest $663 Million In Renault’s EV Unit
Nissan Motor said it will invest up to $663 million in the electric vehicle unit of its alliance partner Renault. Nissan has committed to invest in Ampere – Renault Group’s new EV and software entity in Europe – up to…
Pravaig And Saudi India Venture Studio Sign MoU For AI & EV Industry Cooperation
Pravaig, a Banglore based Electric Vehicle (EV) Original Equipment Manufacturer (OEM), has signed a memorandum of understanding (MOU) with Saudi India Venture Studio on the concluding day of G20 YEA India Summit 2023. “We are delighted to join hands with Saudi India…
BYD Plans $1 bln India EV Investment
Reuters sources say the world’s biggest maker of EVs and hybrids has submitted a $1 billion investment proposal to regulators. They say it wants to build electric cars and batteries there. That would be in conjunction with local firm Megha…
Gogoro Unveils Investment In India
A regional government in India has offered Gogoro Inc (睿能創意) a role in its Ultra Mega Project to build an electric-scooter ecosystem over the next eight years, with the investment estimated to top US$1.5 billion, the company said yesterday. The…
Investment And Vehicle Registrations Dip In Electric Two-wheeler Segment
Two-wheeler EV registrations fell 1% MoM to 76,163 units in November Despite a 0.5% decline, Ola Electric saw the highest number of vehicle registrations at 16,246 units during the month, as per Vahan data Okinawa Autotech witnessed a significant dip…
White House EV Investment Push Especially Benefits One Region
The U.S. Department of Energy is driving full speed ahead into the electric vehicle future. It’s providing a $9.2 billion low-interest loan to automaker Ford and its South Korean partner, SK On, to build three EV battery factories: two in Kentucky, one in Tennessee. The…
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…
Delta Electronics Expands India Manufacturing, Aims For 40% Market Share In EV Charging
Taiwan-based Delta Electronics aims to become a major provider of Electric Vehicle (EV) charging stations in India, targeting a market share of 40 per cent within the next 3-5 years, Managing Director Niranjan Nayak told ETEnergyworld in an exclusive interview. The $8 billion company offers a range of charging…
Chinese EV Firms Eager To Join FTI
Chinese electric vehicle (EV) manufacturers are keen to become members of the Federation of Thai Industries (FTI) to help drive the fledging EV industry in Thailand. The FTI is in talks with Chinese car manufacturers and hopes to reach a…
