Car giant aims to have six new EV models in Europe by 2026, and also has a unit looking at hydrogen trucks and cars
The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday
Honda Motor said on Saturday it was dismissing about 900 workers at its JV with Guangzhou Auto in China, while Toyota has halted some operations in Tianjin amid weak sales
The Biden administration's curbs are designed to wean the US electric vehicle battery supply chain away from China
Prices of the key EV battery metal have already tumbled close to 80% this year with supply outpacing the rise in demand
The US Treasury is expected to block an EV tax subsidy for buyers of cars containing batteries, components or minerals made by state-owned Chinese companies
Nio announced a similar tie-up with Changan Automobile last week as it bids to build a unified battery exchange network
Strict Covid-curbs have put 26 million lives on hold in Shanghai - China's most important economic hub. The resulting supply chain disruptions and revenue losses will spell fresh economic trouble for China, and the world.
The reason isn't just rising temperatures or battery quality but a lack of thermal-based safety precautions. The EV batteries are getting heated beyond 100 degrees, experts claim.
Tesla employees have returned to work at the giant’s Covid-hit Shanghai plant, and they aim to restart production with 1,000 cars a day after a stoppage of more than three weeks.
Hozon New Energy Automobile, an eight-year-old Zhejiang-based electric vehicle maker, startled industry watchers with growing sales of its affordable, spacious SUVs.