Egypt denies reports of scrapping Chinese EV charging protocol
Egypt’s Ministry of Industry denied reports on Monday that it had cancelled the “Chinese charging protocol” for…
Browsing Tag
Electric Vehicles (EV)
Tesla sales slide in Spain, EV market booms
Tesla’s new car registrations in Spain fell 29 per cent year-on-year in May to 794 units, Reuters reported on…
Egypt’s PM discusses vehicle localisation plans with Chinese Jetour
Egypt’s Prime Minister Moustafa Madbouly met with the Chinese automaker Jetour Head Dai Lihong to discuss the…
Trump to sign orders supporting coal industry
US President Donald Trump is set to sign executive orders on Tuesday to support the nation’s coal industry, sources…
Egypt to implement new standards for automotive sales market
Egypt is set to establish and announce clear standards for its automotive sector to enhance market regulation and…
Morgan Stanley cuts ’24 oil demand growth forecast to 1.1m bpd
Morgan Stanley has reduced its global oil demand growth forecast for 2024 from 1.2 million barrels per day (mbpd)…
Europe needs flexible EV transition schedule – Renault CEO
Renault CEO Luca De Meo has voiced concerns over Europe's timeline for transitioning to electric vehicles (EV),…
EU car sales surge 4.3% in June
New car sales in the European Union (EU) rose 4.3 per cent in June to their highest level since July 2019, driven…
China’s BYD signs $894m deal to build EV parts plant
China's BYD has signed a deal to build a new electric vehicle component factory with a total investment of $894.2…
EU advances with tariffs on China’s EV imports
The European Union (EU) is proceeding with plans to impose provisional tariffs on imported Electric Vehicles (EV)…
Global trade may reach $32t in ’24 – UNCTAD report
UNCTAD forecasts global trade to reach almost $32 trillion in 2024, but it is not expected to exceed the 2022…
Global climate goals hinges on China- German minister
German Economy Minister Robert Habeck stated on Sunday that China is crucial for reaching global climate goals and…
China denies using EV subsidies barred by WTO
China's Foreign Ministry spokesperson, Mao Ning, denied claims that the country's electric vehicle subsidies…
EU to raise tariffs on Chinese EVs
The European Commission is poised to announce higher tariffs on Chinese electric vehicles (EVs), sparking…
EV start-up Fisker to pause production for 6 weeks
Fisker announced a six-week production pause for its electric vehicles and secured a financing commitment to sell…
Volvo revs up EV charging with Breathe Battery tech
Volvo Cars announced on Tuesday an investment in the UK-based startup Breathe Battery Technologies, to utilise the…
GM Korea to launch 4 new vehicles in ’24
General Motors (GM) Korea unveils plans to introduce four new vehicles in South Korea this year including two…
Hertz to sell 20,000 EVs, shift back to gas-powered cars
Hertz Global Holdings Inc. is planning to sell 20,000 EVs, almost a third of its EV fleet, to reinvest in…
Global electric car sales rise 31% in ‘23
The global fully electric and plug-in hybrid car sales soared by 31 per cent in 2023, down from 60 per cent growth…
Uber, KIA sign EV partnership
Uber, the U.S. ride-hailing platform, signed a partnership with South Korea’s KIA to produce electric vehicles…
Honda to establish $14 bln EV plant in Canada
Honda Motor Co. is set to establish an electric vehicle (EV) plant in Canada worth two trillion yen ($13.83…
Tesla new car registrations in Sweden rise by 9%
Tesla's new car registrations in Sweden rose by nine percent in December in comparison to the year before, Reuters…
Volkswagen CEO hails Egypt’s EV manufacturing progress at Africa Automotive Show…
Martina Biene, Volkswagen Group South Africa's chairperson and president of the African Association of Automotive…
Mercedes-Benz launches fully electric vehicle in Egypt
Mercedes-Benz launched its fully electric vehicle range in Egypt on Thursday, the company announced.
Tesla’s valuation drops by $145bln on demand concerns
Tesla’s shares have seen a huge decline, losing nearly one-fifth of their worth of $145 billion in less than two…
W Motors make car production deal with Jordan’s Manaseer
Dubai-based W Motors signed a deal with Jordan's Manaseer Group to produce electric cars in the Kingdom, Jordanian…
Egypt approves golden licence for GASCO to increase capacity
The Egyptian Natural Gas Company (GASCO) has received on Wednesday the golden license from the government, to…
Tesla in talks with KSA to build factory in the Kingdom
Tesla is currently in talks with Saudi Arabia to establish a factory in the Kingdom, Wall Street Journal (WSJ)…
Egypt’s MCV partner with Volvo to produce electric buses
Egypt's Manufacturing Commercial Vehicles (MCV) has partnered on Tuesday with Swedish automotive Volvo to produce…
Tesla launches cheaper versions of Model X, Model S
Tesla, the US-based electric vehicle maker, launched cheaper versions of its Model X and Model S vehicles in the US…
BYD plans to expand its business in Egypt
BYD, the China-based vehicle manufacturer, said on Thursday it plans to expand its business in Egypt, denying…
Egypt signs contracts to launch 1st locally manufactured EV by 2024
The Egyptian government signed on Tuesday contracts in the New Administrative Capital (NAC) in order to launch…
India rejects BYD’s $1 bln factory offer
India has rejected BYD’s offer to set up an electric vehicle (EV) factory worth one billion dollars in the country,…
Tesla to produce about half million EVs annually in India
Tesla is set to produce half a million electric vehicles (EVs) every year in India said the Times of India on…
ExxonMobil, Tetra Technologies partner to produce lithium
ExxonMobil teamed up with Tetra Technologies to develop 6,100 acres of lithium in the US’ Arkansas, according to a…
Musk expects Tesla self-driving cars ‘later this year’
Elon Musk, CEO of Electric car giant Tesla, said on Thursday he expects the release of autonomous vehicles "later…