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DENSO Invests in Sustainable E-Mobility
DENSO, a Japanese automotive parts supplier, has announced a new investment in sustainable e-mobility. The company will invest ¥100 billion (about $800 million) over the next five years to develop new technologies for electric vehicles. This includes technologies for batteries, motors, and charging systems.
a year ago
Stellantis Continues to See EV Sales Growth and Development
Stellantis, the world's fourth-largest automaker, has reported that its EV sales grew 110% in the third quarter of 2023. The company also said that it is on track to meet its goal of having 75% of its sales in Europe be electric by 2030.
a year ago
Nissan Invests £1 Billion to Build Three New Electric Car Models in Sunderland
In a major boost for the UK automotive industry, Nissan has announced plans to build three new electric car models at its Sunderland plant. The investment of £1 billion will create 6,000 new jobs and make Sunderland the UK's center for electric vehicle (EV) production.
a year ago
Biden's Electric Vehicle Push: A Comprehensive Analysis
The automotive industry is undergoing a transformative shift as electric vehicles (EVs) steadily gain momentum. President Biden has made the transition to EVs a cornerstone of his administration's climate agenda, proposing a slew of policies and incentives to promote their adoption. While these efforts have been met with enthusiasm from environmentalists and EV advocates, some critics have raised concerns about the potential costs for consumers and the broader economy.
a year ago
China's Electric Silk Road: Powering Up Central Asia
China is revving up its plans to become a major player in the electric vehicle (EV) market, and it's not just looking to its own vast domestic market. The country is also setting its sights on Central Asia, a region rich in natural resources and ripe for investment in clean energy infrastructure.
a year ago
Volvo Cars to Sharply Reduce Stake in Swedish Electric Car Brand Polestar
A futuristic and environmentally friendly Polestar 2 electric vehicle is showcased in the urban landscape, highlighting Polestar's commitment to sustainable mobility.
10 months ago
VinFast Breaks Ground on Electric Car Plant in India: A Step Towards a Greener Future
In a significant move towards accelerating the adoption of electric vehicles in India, VinFast, a Vietnamese automaker, has broken ground on a state-of-the-art electric car plant in the country. This project marks a milestone in India's journey towards sustainable mobility and aligns with the government's vision of transitioning to eco-friendly transportation.
10 months ago
Kia Joins Toyota and BYD in Establishing an EV Production Hub in Thailand
The automotive industry is undergoing a rapid transformation as the world transitions towards electric vehicles (EVs). In response to this global trend, Thailand has emerged as a key destination for EV production, attracting major automakers from around the world. Kia, Toyota, and BYD are among the latest automakers to announce plans to establish EV production facilities in the Southeast Asian nation. This article examines the significance of these announcements and the increasing importance of Thailand in the global EV landscape.
9 months ago
Vietnam's Electric Vehicle (EV) Industry: A Comprehensive Analysis for B2B Opportunities
Vietnam's rapidly growing electric vehicle (EV) industry presents an array of opportunities for foreign businesses seeking to capitalize on the country's burgeoning market for sustainable transportation. This comprehensive article delves into the intricate landscape of the Vietnamese EV industry, providing a comprehensive understanding of the market dynamics, key players, and potential B2B opportunities for foreign firms.
9 months ago
Thailand's Electric Vehicle Market: Poised for Price Competition Amidst Chinese Investments
The automotive industry in Thailand is undergoing a significant transformation with the rise of electric vehicles (EVs). Driven by government policies and growing consumer demand for sustainable transportation, Thailand's EV market is poised for rapid growth. This article explores the key factors shaping the Thai EV market, particularly the increasing competition driven by Chinese investments and its potential impact on the industry landscape.
9 months ago