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.
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.
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.
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.