Featured Hyundai sells China plant for $225 mln Sama Mousa Jan 17, 2024 0 Hyundai Motor Co. sold its plant in China in Chongqing for 1.62 billion yuan ($225 million), less than half the…
Featured Uber, KIA sign EV partnership Sama Mousa Jan 11, 2024 0 Uber, the U.S. ride-hailing platform, signed a partnership with South Korea’s KIA to produce electric vehicles…
Featured Honda plans to build new EV Nada Ali Jan 10, 2024 0 Japan's second-biggest car maker Honda Motor unveiled on Wednesday a new electric vehicle (EV) called the “Honda 0…
Featured Honda to establish $14 bln EV plant in Canada Sama Mousa Jan 8, 2024 0 Honda Motor Co. is set to establish an electric vehicle (EV) plant in Canada worth two trillion yen ($13.83…
Tech/AI Egypt’s MCV partner with Volvo to produce electric buses Sama Mousa Sep 6, 2023 0 Egypt's Manufacturing Commercial Vehicles (MCV) has partnered on Tuesday with Swedish automotive Volvo to produce…
News Egypt signs contracts to launch 1st locally manufactured EV by 2024 Nada Ali Aug 9, 2023 0 The Egyptian government signed on Tuesday contracts in the New Administrative Capital (NAC) in order to launch…
Money Toyota eyes 10% profit, EV sale increase Yassmine Elbehnaihy May 10, 2023 0 Toyota Motor is expecting a 10 percent increase in its operating profit this year, as well as a five-fold increase…
Industry & Trade Samsung, GM to invest $3bln in EV battery factory Norhan Adel Apr 26, 2023 0 Samsung and General Motors (GM) announced on Tuesday that they plan to invest about $3 billion in an electric…
International News Ford Motor to lose $3bln from EV sales this year Nada Ali Mar 26, 2023 0 Ford Motor said it will lose $3 billion on its sales of electric vehicles (EV) to consumers this year, but it still…
Tech news Europe’s new vehicles sales rise 12% in February Sama Mousa Mar 21, 2023 0 Europe's auto sales increased by 12 percent last month for a seventh straight month, aided by strong growth in the…