Thailand aims to become a key player in the global EV supply chain outside of China by offering tax cuts and subsidies to drive EV adoption and production
The announcements follow new US sourcing requirements for EV battery components and critical minerals in order for car buyers to qualify for up to $7,500 in credits
The batteries will have greater energy density and perform better than lithium-ion phosphate batteries, the company's chairman said
The country’s sole EV maker is gearing up to expand into the United States, where it hopes its two electric SUV models will compete with legacy American brands
While overall auto sales dropped in January-February, sales of new energy vehicles were up by more than 60%, according to industry data
The US carmaker's aggressive price cuts earlier this year helped it to stoke demand amid rising inventories
Both carmakers gained from a plunge in the yen in October last year, even as a shortage of chips and soaring costs of raw materials squeezed global carmakers
CEO Jim Rowan said the automaker is assessing logistics and "cost benefits" as the plant will "feed other countries other than just India"
No financial details were disclosed on the valuation of the business on Monday, which some sources have indicated could be up to 10 billion euros
The Vietnamese company is gearing up to expand in the United States, where it hopes to compete with existing automakers
The 'special flight permit' from the Civil Aviation Administration of China will allow the Xpeng Aeroht X2 to undertake a manned flight
The world's third largest carbon polluter projects it needs $10 trillion to $15 trillion in investment to achieve net-zero carbon emissions by 2070