South Korea's LG Group, whose businesses span consumer electronics companies to an electric vehicle battery maker, would make a good partner for Apple as the US tech giant endeavors to make a clean, smart car of its own, an analyst at KB Securities wrote in a note Friday.

VinFast, an electric carmaker backed by Vietnam's richest man, has received permission to sell EVs in the U.S. ahead of its planned initial public offering.

PepsiCo plans to roll out 100 heavy-duty Tesla Semis in 2023, when it will start using the electric trucks to make deliveries to customers like Walmart and Kroger, the soda maker's top fleet official told Reuters on Friday.

Redwood Materials is the latest company to set up shop in South Carolina's growing community of electric vehicle and battery manufacturers, the Carson City, Nevada-based firm said on Wednesday. Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials such as nickel, cobalt, lithium and copper.

The US carmaker announced the shift at Halewood from making gearboxes for petrol and diesel cars to producing the drive units, which include electric motors and power electronics, in October last year. The additional investment means Ford will spend 瞿380m on upgrading Halewood and the van design centre in Dunton, Essex, for electric vehicles (EVs).

SK On, a leading electric vehicle (EV) battery manufacturer, announced that its joint venture (JV) with American auto giant Ford Motor Company held a groundbreaking ceremony for an EV battery manufacturing mega campus in the United States as it embarks on steps to expand leadership in the global EV market.

The Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Panjaitan revealed that the government plans to subsidize the purchase of electric vehicles next year. This is done in order to encourage people's purchasing power to own cars and electric motorbikes. According to Luhut, currently the government is finalizing a subsidy scheme of IDR 6.5 million per purchase of an electric motorbike. (Translated by Google)

Vietnam's electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol "VFS" to fund its expansion with a planned plant in North Carolina.

The Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026. Volkswagen (VOWG_p.DE) Americas Chief Executive Pablo Di Si said the industry cannot move that fast.

The U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Tesla's driver assistance system Autopilot, which was activated during the accidents, the people said.

Shares in major Asian computer chipmakers have slumped after the US announced tough new measures to restrict sales of technology to China. The US said it will ban American firms from selling certain chips used for supercomputers and artificial intelligence to Chinese firms.

General Motors Co. outsold Japanese automaker Toyota Motor Corp in the United States in the third quarter, data on Monday showed, but analysts and investors are fretting that a darkening economic picture will lead to a drop in car sales.

Car haulers are pushing the Biden administration and lawmakers to increase truck weight limits on U.S. highways so they can transport more heavy electric vehicles, a move fiercely opposed by the rail industry and safety advocates who say the heavier loads are significantly more dangerous.

"As our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks," Tesla said in a statement on Sunday.

Tesla Total deliveries Q3 2022: 343,000; Tesla Total production Q3 2022: 365,000

Seen as the most promising next-generation solar cell, this technology, called perovskite, is exactly what Japanese start-up Enecoat Technologies is trying to develop.

Prices of the key raw material for EV batteries have started to rise again in a new complication for global supply chains.

Hyundai Mobis, the parts and tech provider for South Korean automakers Hyundai, Genesis, Kia, and others, revealed its North American EV expansion strategy. As demand for electric vehicles continues growing, the sixth largest global parts supplier says having a strong production capacity will be critical, which is why it's rapidly increasing its capabilities.

South Korea's opposition to new rules governing U.S. subsidies for electric vehicles are set to overshadow President Yoon Suk-yeol's first official trip to the United States, disrupting a recent display of alliance strength with Washington.

On Thursday, the Biden administration announced the latest in its renewable energy efforts, this time focused on a technology that hasn't really arrived yet: floating offshore wind turbines.

Wolfspeed, the wide-bandgap chipmaker focused on silicon carbide and gallium nitride devices, plans to spend up to $5 billion to chase demand in the electric vehicle business that shows no signs of slowing down.

China's central bank has cut its mortgage rate as officials work to support the crisis-hit property market. The People's Bank of China lowered the five-year loan prime rate (LPR) by 1.5pp, which matches its biggest cut on record.

China's CATL will build a ??.3bn battery plant in Hungary, increasing its foothold in Europe and cementing its status as the world's largest car battery manufacturer.

There are nearly 60 countries that plan to ban the sale of internal-combustion-engine vehicles (ICEVs). There are also more than 45 cities that have ICEV bans or restrictions on future ICEV sales and/or use. In the US, ICEV bans are on the horizon in at least 12 states.

China's economy contracted sharply in the second quarter of this year as widespread coronavirus lockdowns hit businesses and consumers, with its GDP falling by 2.6% sequentially.

"Both Berlin and Austin factories are gigantic money furnaces right now," the Tesla CEO said in a video interview with Tesla Owners of Silicon Valley posted online Wednesday. The comments, part of a broader discussion filmed May 31, offer new insight into Tesla's operations in the days leading up to Musk's decision to cut costs by laying off employees. The reductions will affect about 10% of Tesla's salaried workers over the next three months, or about 3.5% of its global workforce.

Tesla Inc (TSLA.O) plans to suspend most production at its Shanghai plant in the first two weeks of July to work on an upgrade of the site, according to an internal memo seen by Reuters. After the upgrade, the U.S. automaker aims to boost the plant's output to a new record high by the end of July to get closer to its goal of producing 22,000 cars per week in Shanghai, according to the memo.

Tesla Inc. is taking steps to ramp up output at its factory in Shanghai, partly suspending manufacturing capabilities at various points through early August to upgrade production lines. The US-based electric carmaker plans to double its original planned annual target to 1 million cars, according to people familiar with the matter. It will halt most production on its Model Y assembly line for the first two weeks of July while an upgrade is underway.

Tesla has cancelled three online recruitment events for China scheduled this month, the latest development after CEO Elon Musk threatened job cuts at the electric car maker, saying it was "overstaffed" in some areas.

Indonesia, one of the biggest emitters in the world, is planning to launch its pilot emissions trading scheme in July, which can possibly become the first national carbon market in Southeast Asia.

Germany soon will get a major boost to its DC fast charging infrastructure to support the electrification of the market. Following the global framework agreement (GFA) announcement, ABB and Shell announced the first major project, which will result in the installation of more than 200 Terra 360 chargers nationwide in Germany in the next 12 months.

Shell and BYD announced a strategic cooperation agreement related to plug-in electric vehicles in China and Europe, as well as potentially in other regions across the globe in the future. The main topic of the deal is electric vehicle charging, which reminds us of the previous deal between Shell and NIO, about battery swapping stations and charging stations in China and Europe.

From motor magnets with toxic histories to batteries made using copious fossil-fuel power, many challenges face carmakers seeking to purge dirtier materials from their supply chains to satisfy regulators and investors. Advanced Electric Machines (AEM) in northern England, which is working with Volkswagen luxury brand Bentley and others in the auto industry to develop recyclable electric motors free of rare earth metals, which are often produced using polluting chemicals.

Toyota Group plans to invest 48 billion Indian rupees ($624 million) to make electric vehicle components in India, as the Japanese carmaker works toward carbon neutrality by 2050. Toyota Kirloskar Motor and Toyota Kirloskar Auto Parts signed a memorandum of understanding with the southern state of Karnataka to invest 41 billion Indian rupees, the group said in a statement Saturday. The rest will come from Toyota Industries Engine India.

Tesla beat 1st quarter income expectations with more than double previous quarters' carbon credit sales. Tesla has been criticized for its previous years' earnings being dependent on the sales of its carbon credits. These credit sales have been a major driver of Tesla's profits over the years.

Tesla has halted most of its production at its Shanghai plant due to problems securing parts for its electric vehicles, according to an internal memo seen by Reuters, the latest in a series of difficulties for the factory.

More and more car manufacturers now bet on SiC and GaN, and chipmakers are transforming their business to take advantage of the electric-vehicle market's explosive growth.

Toyota and Volkswagen are gradually bringing their China factories back on line after they were closed for weeks because of COVID lockdowns.

Chinese automakers may have to halt production in May if shutdowns persist in the Shanghai area, said the chief executive officer of electric-vehicle firm Xpeng, a bleak assessment of supply-chain disruptions in the wake of Covid-19 lockdowns.

China's power battery installations in March were 21.4 GWh, up 138 percent year-on-year and up 56.6 percent from February, according to data released today by the China Automotive Battery Innovation Alliance (CABIA).