Wednesday 23 August 2023
China extends EV tax incentives through 2027 to boost lagging demand
In June 2023, the Chinese government introduced two notable policies targeting the EV sector. One policy involves EV tax breaks, while the other entails the expansion of the new energy...
Tuesday 22 August 2023
Kymco sets up two-wheel EV joint venture with Arun Plus
To expand the market for electric two-wheelers abroad, Taiwanese motorcycle brand Kymco and Kymco Capital have partnered with Arun Plus, a wholly-owned subsidiary of Thailand's state-owned...
Monday 21 August 2023
India roundup: Foxconn speeds up Indian expansion
Over the past week, a series of developments and rumors regarding Foxconn's investments in India have occurred. Global PC and notebook manufacturers are closely watching if India...
Friday 18 August 2023
SK On makes battery material investment in Canada, expanding battery production on home turf
South Korea-based battery manufacturer SK On is accelerating expansion. The company will invest in a new battery material plant in Quebec, Canada, with Ford. It also plans to build...
Friday 18 August 2023
VinFast seeks collaboration with Taiwanese electronics suppliers to grow in global market
Vietnam-based EV maker VinFast just went public in the US with a special purpose acquisition company (SPAC) merger. The company has been ambitious about expanding overseas. It has...
Friday 18 August 2023
Gogoro partners with India's Swiggy for last-mile sustainable mobility solutions
Swiggy, an India-based online food delivery platform, revealed a collaboration with Taiwan-based Gogoro, with the latter providing its battery-swapping technology for last-mile del...
Friday 18 August 2023
Drivers in China probably take responsibility first in accidents caused by autonomous vehicles
China has been aggressively developing level 3 vehicle autonomy in recent years. According to local media reports, the country has formed a shared opinion that the driver of an L3...
Thursday 17 August 2023
CATL releases new battery powering EV for 400km with 10-minute charge
China-based battery giant CATL unveiled Shenxing, a new LFP battery, on August 16. The battery can enable an EV driving range of 400 kilometers with one 10-minute charge. The company...
Thursday 17 August 2023
Hyundai acquires GM's Indian facility to expand EV production
Hyundai Motor Group agreed to acquire a manufacturing facility from General Motors (GM) in India, as the Korea-based automaker is looking to expand in the world's third-largest auto...
Thursday 17 August 2023
Nio to produce own autonomous driving chips in 1-2 years, says company executive
Chinese automaker Nio will be able to mass produce its in-house developed autonomous driving (AD) processors within one to two years, according to company hardware Vice President...
Wednesday 16 August 2023
Pioneering hydrogen-powered planes nearing zero-emission flight readiness
The worldwide push for carbon reduction has taken center stage, compelling the transportation sector to explore alternative renewable energy options. However, achieving carbon reduction...
Wednesday 16 August 2023
Chinese carmakers say BYD chairman's "crocodile tears" did not move them
BYD just reached the five million vehicle production milestone. Chairman and president Wang Chuanfu said at an event that Chinese automakers should work together to show the world...
Wednesday 16 August 2023
Ola Electric unveils affordable E2Ws in India
India's largest electric two-wheeler (E2W) brand by sales unveiled a series of affordable models to expand its lineup to solidify its status in the rapidly-growing E2W market.
Tuesday 15 August 2023
Suppliers become conservative about China's automotive market development
Many car component suppliers have announced their financial results in the first half of 2023. While some were optimistic about the future of China's automotive sector, others said...
Tuesday 15 August 2023
Indonesia says Tesla aims to make EV battery material investment in the country
After trying to attract Tesla's investment for a long time, Indonesia seems to have made some progress. Senior minister Luhut Pandjaitan said the EV giant is considering investing...