Rolls Royce announces fully electric car for late 2023

Rolls Royce announces fully electric car for late 2023

Rolls-Royce on Wednesday announced its first fully electric car, the "Spectre", will be available in late 2023, the luxury BMW group brand adding that all its vehicles will be electric by 2030.
Europe to boost battery production as electric shift accelerates

Europe to boost battery production as electric shift accelerates

As electric car sales take off and petrol engines face being phased out by 2035, Europe is looking to develop its own battery production base.
VinFast E34 to dominate electric arena

VinFast E34 to dominate electric arena

Vietnamese carmaker VinFast has announced the global debut of the country’s first electric car, while pushing a battery system that hopes to reshape travel trends.
Tesla shares fall on reports of SEC subpoena

Tesla shares fall on reports of SEC subpoena

Shares of Tesla fell on Wednesday (Aug 15) following reports US securities regulators have subpoenaed the electric car manufacturer's Chief Executive Elon Musk over his statements about taking the company private.
Tesla to cut 9pc of staff, says layoffs won't affect Model 3 production

Tesla to cut 9pc of staff, says layoffs won't affect Model 3 production

Electric car manufacturer Tesla Motors announced on Tuesday (Jun 12) it was cutting nine per cent of its workforce to enhance profitability but said the move would not affect an ambitious production ramp-up of its Model 3 sedan.
Chinese electric carmaker Byton raises US$500m to take on Tesla

Chinese electric carmaker Byton raises US$500m to take on Tesla

China-based electric car startup Byton has raised US$500 million as it ramps up efforts to take on rivals like Tesla.