Janet Yellen Voices Concern About EV Overproduction to China’s Vice Premier
U.S. Treasury Secretary Janet Yellen told China’s Vice Premier He Lifeng on Friday that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern. Yellen’s remark at the opening…
Nissan Unveils Plan To Shrink EV Production Costs
Japanese auto giant Nissan said Monday it will slash production costs for next-generation electric vehicles by 30 percent as it competes with fast-growing Chinese rivals. By 2030, Nissan aims to make electric models at the same price as traditional combustion…
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…
Auto Giant Renault Nissan Uses EV Transition to Undermine Conditions at Chennai, India Plant
Global auto giant Renault Nissan is in the process of gutting working conditions at its car assembly plant in Oragadam on the outskirts of Chennai, the capital of the south Indian state of Tamil Nadu, as part of its transition…
Sino-Pak Joint Venture Set To Start Production Of Electric Rickshaws
In a development for Pakistan’s transportation sector, a joint venture between Chinese and Pakistani companies is set to commence production of electric two-wheelers and three-wheelers, commonly known as rickshaws in the country. The collaboration is expected to bring about positive…
Beijing’s Tougher Regulations Thwart Big Tech’s Electric Vehicle dreams
Red tape is frustrating the efforts of Big Tech in China to launch electric vehicles, with car rollouts from search giant Baidu, smartphone maker Xiaomi and ride-hailing group Didi all being stalled. A stricter licensing regime is impacting the tech…
Indian Startup Signs Pact To Explore EV Production Facility in Saudi Arabia
Indian startup Pravaig Dynamics has signed a memorandum of understanding (MoU) to explore setting up a left-hand drive electric vehicle (EV) manufacturing unit in Saudi Arabia. The unit will have a capacity of up to one million vehicles to cater…
Foxconn Plans To Set Up EV Production Line In India
Taiwanese contract manufacturer Foxconn has said in its latest annual report that it plans to set up a production line for two-wheeled electric vehicles (EVs) in India. The company intends to use the facility to cater to EV demand across…
LME Works With Chinese Commodities Exchange To Launch EV Battery Metal Contracts As Demand
Qianhai Mercantile Exchange (QME), a Chinese commodities trading platform, is working with its sister company, the London Metal Exchange, to launch battery metal contracts. The bourse, owned by Hong Kong Exchanges and Clearing (HKEX), was studying the possibility of offering investors…
