Truckmaker Scania has stepped in to help Northvolt with the day-to-day running of its flagship plant in northern Sweden, a last-ditch effort to boost quality and output at the struggling electric vehicle battery maker as it scrambles to secure funds.
Thailand is bracing for an extended EV price war triggered by a surge in local production from Chinese car makers, a move likely to deal a further blow to a domestic auto industry already struggling with tumbling sales,
With a focus on enhancing local manufacturing, affordability, and accessibility, key industry players are urging the government to address critical issues that hinder the growth of India's EV ecosystem.
In the last quarter of 2024, General Motors said it had become “variable profit positive” for the first time for its electric portfolio—meaning that the money GM is making f
The Detroit carmaker is creating a domestic supply base to make EVs cheaper and profitable aided by Kurt Kelty, who landed Tesla’s top battery supplier in its early days.
Electric vehicle sales in Europe will accelerate in 2025 mainly thanks to a German recovery, but EU mandated targets for 2030 look hopelessly optimistic.
Although the base trims are not affected by the hike, the overall price range still changes due to a significant increase in the cost of top variants.
It's not easy to profit off EVs, but GM just took a big step in the right direction.
A $400 billion green bank for clean energy projects and a popular consumer tax credit for electric vehicles are among federal programs being scrutinized amid a broader order from the Trump administration for a government-wide spending freeze.
According to Nikkei, Honda plans to launch a smaller EV priced under $30,000 in the US as early as 2026. It will be made locally, starting with the batteries, to cut costs. The new EV is expected to be the entry-level model for its upcoming Honda 0 Series. It will be a cornerstone for Honda’s global expansion.
The Ford Mustang Mach-E stock car has three motors and, like the unbranded NASCAR demonstrator revealed last year, uses the NASCAR Next Gen chassis.
Additionally, the Survey also highlighted that India must look to establish technology transfer agreements with other countries that are also working to diversify their supply chains.