EU car sales fall in Jan. ’24
New car sales in the European Union (EU) fell by 2.6 per cent in January 2025, with major markets posting declines,…
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EV
EU new car sales rise 0.8% in 2024
EU new car registrations grew by 0.8 per cent in 2024, reaching 10.6 million units, with Spain leading the surge…
VW averts closures, announces workforce reductions
Volkswagen announced on Friday a comprehensive restructuring plan that includes 35,000 future job cuts and reduced…
EU new car sales decline in Nov.
New car registrations in the EU dropped by 1.9 per cent in November 2024, with France leading the decline at 12.7…
China says EU’s separate EV talks ‘shake mutual trust’
China has issued renewed warnings to the European Union (EU) regarding the potential consequences of the bloc…
Renault unveils affordable EV to compete with Chinese rivals
Renault SA introduced the R4 E-Tech, a compact electric vehicle aimed at rivalling budget models from Chinese…
EV battery safety under scrutiny in S.Korea after major fire
South Korea's environment ministry is set to hold an emergency meeting next week to address growing concerns over…
EVs set to exceed 50% of China car sales for 1st time
China's EV market is charging ahead, with sales of EVs and plug-in hybrids likely surpassing 50 per cent of total…
China’s lithium producers face financial problems
China's electric vehicle (EV) industry may be surging, but the companies that mine the lithium powering those…
China’s BYD to acquire 20% stake in Thai distributor
BYD Co., a Chinese EV leader, strengthens its Southeast Asia grip with a 20% stake in Thai distributor Rever…
S. Korea’s SK On declares emergency as EV sales drop
South Korean electric vehicle (EV) battery giant SK On has entered a state of crisis management due to…
China pours $830m into solid-state battery race
China is investing over $830 million in a state-led initiative to advance solid-state battery technology for…
India’s Mahindra doubles down on EVs with $1.44b investment
Indian automaker Mahindra & Mahindra (M&M) is investing $1.44 billion in its electric vehicle (EV) unit…
Xiaomi’s stocks soars after launching 1st EV
Xiaomi's stock surged 16 per cent on Tuesday after the launch of its new electric vehicle, despite forecasts of…
Xpeng enters price war, launches affordable EV brand
Xpeng, a Chinese EV maker, announced its plan to launch a more affordable brand, marking its entry into an…
Germany needs 6-fold jump in EV sales by 2030
Germany must significantly increase the sales of electric vehicles to meet its emissions targets, according to a…
China’s BYD plans to build new EV plant in Mexico
China's top electric vehicle manufacturer, BYD, is considering establishing a plant in Mexico to serve as an export…
Tesla mulls building new EV in mid-2025
Tesla Inc. plans to start production of a new mass market electric vehicle (EV) called Redwood in mid-2025.
Hyundai sells China plant for $225 mln
Hyundai Motor Co. sold its plant in China in Chongqing for 1.62 billion yuan ($225 million), less than half the…
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 plans to build new EV
Japan's second-biggest car maker Honda Motor unveiled on Wednesday a new electric vehicle (EV) called the “Honda 0…
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…
Saudi Arabia signs $5.6 bln deal with Chinese EV company
Saudi Arabia's Ministry of Investment signed a $5.6 billion deal with Chinese electric car maker Human Horizons,…
Ford Motor to lose $3bln from EV sales this year
Ford Motor said it will lose $3 billion on its sales of electric vehicles (EV) to consumers this year, but it still…
Germany sees progress in EU ban on fossil fuel cars
The German Ministry of Transport said on Monday that talks with the European Commission to end production of…
Mercedes to invest billions in EV Plants
Mercedes is set to invest billions of dollars on Electric Vehicles plants in China, Germany, and Hungary in the…
El Sewedy Electric plans to invest $1.5bn in Africa before 2022-end
El Sewedy Electric might invest about $1.5 billion through three renewable energy projects in Africa before the end…