hyundai to invest more than 50 bn in south korea in major ev push

Hyundai to invest more than $50 bn in South Korea in major EV push

Hyundai on Wednesday revealed plans to invest more than $50 billion in South Korea by 2026, with a huge chunk dedicated to boosting the development and production of electric vehicles.
vietnam indonesia eye cooperation in ev development food security manpower

Vietnam, Indonesia eye cooperation in EV development, food security, manpower

Indonesian Industry Minister Agus Gumiwang Kartasasmita has invited Vietnam to cooperate in the development of several sectors, including the electric vehicle (EV) industry, green industry, food security, research and development, and human resources.
construction starts on 200 million vinfast ev assembly plant in indonesia

Construction starts on $200 million VinFast EV assembly plant in Indonesia

VinFast officially broke ground on its new electric vehicle (EV) assembly plant in Subang, West Java, Indonesia, on July 15.
dat bike fpt is launch public cloud for ev manufacturing industry

Dat Bike, FPT IS launch public cloud for EV manufacturing industry

Dat Bike Vietnam, a prominent electric motorcycle company, and FPT IS launched an enterprise management project using the SAP S/4HANA public cloud solution on July 2.
toyota ups north carolina ev plant investment by 8 bn

Toyota ups North Carolina EV plant investment by $8 bn

Toyota will significantly expand an electric battery plant in North Carolina, ramping up a bet on zero-emission vehicles in the United States, the automaker announced Tuesday.
indonesia sees 32 billion usd investment in ev battery chain

Indonesia sees 32 billion USD investment in EV battery chain

Indonesia's Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan on May 30 revealed that the country can receive an estimated 31.9 billion USD in investments for project tied to battery supply chain by 2026.
ford vietnams distributor city auto targets ev market expansion

Ford Vietnam's distributor City Auto targets EV market expansion

City Auto, the leading distributor of Ford vehicles in Vietnam, is strategically planning to expand its business network through mergers and acquisitions of smaller dealerships and exploring opportunities in the electric vehicle distribution market.
us president congratulates on vinfasts 4 billion ev manufacturing facility in north carolina

US President congratulates on VinFast's $4 billion EV manufacturing facility in North Carolina

According to the White House’s latest announcement, VinFast will build an electric vehicle (EV) and battery manufacturing facility in North Carolina worth $4 billion to create more than 7,000 jobs and hundreds of thousands of EVs and batteries.
gm expands chevrolet bolt ev recall adding 1 bn in costs

GM expands Chevrolet Bolt EV recall, adding $1 bn in costs

General Motors expanded a recall of its Chevrolet Bolt on Friday, announcing plans to repair thousands more of the electric autos in a move that will add $1 billion in costs.
global car giants seek tech allies in chinas cutthroat ev market

Global car giants seek tech allies in China's cutthroat EV market

Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand.
chinese ev giant byd posts 244 per cent rise in profit

Chinese EV giant BYD posts 24.4 per cent rise in profit

Leading Chinese automaker BYD posted on Wednesday a 24.4 percent rise in net profit for the first half of 2024, boosted by continuing strong demand for electric cars in its home and overseas markets.
vietnams thai hung and germanys roding mobility ink ev development deal

Vietnam’s Thai Hung and Germany’s Roding Mobility ink EV development deal

Homegrown firm Thai Binh Hung Thinh JSC (Thai Hung) has partnered with Germany's Roding Mobility to boost research, development, and production of compact EVs in the country.
asean ev market to hit 27 billion usd by 2027 malaysias minister

ASEAN EV market to hit 2.7 billion USD by 2027: Malaysia’s minister

The ASEAN electric vehicle (EV) market is projected to reach 2.7 billion USD by 2027, more than five times higher than 500 million USD in 2021, Malaysian Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz has said.
vinfast led a 80 million funding round in israel based fast charge ev battery startup storedot

VinFast led a $80 million funding round in Israel-based fast charge EV battery startup StoreDot

A coalition of international investors, including VinFast of Vingroup, has funded $80 million in StoreDot, an innovative firm that builds fast-charging electric car batteries.
xing mobility debuts immersio ctc battery prototype at the 2024 paris motor show showcasing cutting edge ev power solutions

XING Mobility debuts IMMERSIO™ CTC battery prototype at the 2024 Paris Motor Show, showcasing cutting-edge EV power solutions

TAIPEI , Oct. 10, 2024 /PRNewswire/ - XING Mobility, a global leader in immersion-cooled battery technology, proudly announces its debut at the 2024 Paris Motor Show, showcasing a comprehensive range of immersion-cooled battery solutions, including the groundbreaking IMMERSIO™ Cell-to-Chassis (CTC) battery prototype, setting a new benchmark for EV power systems.