Electric Vehicles – Page 2 – City Business News

August 27, 2022 No Responses

Nigeria Partners Israel, Japan On Manufacturing Of Electric Vehicles

The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU) with Israeli and Japanese companies to commence assembling and manufacturing environmentally friendly, green, electric and smart automobiles by 2023. The National Agency for Science and Engineering Infrastructure (NASENI) on...

August 23, 2022 No Responses

Ford To Cut 3,000 Jobs

Ford Motor Company said it’s cutting 3,000 jobs this week in a move to boost profits as it seeks to fund the $50 billion it plans to spend on electric vehicles. The cuts will come primarily in the US, while some positions...

July 13, 2022 No Responses

Geely Unveils Electric Pickup

Geely Holding on Tuesday unveiled a new electric pickup truck, identified as RD6. According to Reuters, the Volvo owner also launched a new brand, RADAR, at an online event on Tuesday where it showcased its first pickup product, which it...

July 11, 2022 No Responses

Volkswagen Invests $20b To Build EV Batteries

Volkswagen is to invest $20.38 billion to build electric vehicle (EV) batteries, creating 20,000 jobs and generating more than $20 billion in annual sales.Volkswagen broke the ground for its first cell factory in Salzgitter, Germany in the presence of German.....

June 17, 2022 No Responses

NADDC DG In Kenya, Seeks Use Of Electric Vehicles In Africa

The Director-General of the National Automotive Design and Development Council (NADDC), Jelani Aliyu, has called on African countries and research institutions to promote and adopt electric vehicles. Aliyu, who made the call in Nairobi, Kenya, expained t...

May 21, 2022 No Responses

Nissan, Mitsubishi Unveil Light Electric Vehicles

Japan’s Mitsubishi Motors Corp and Nissan Motor Co unveiled their first jointly developed light electric vehicles (EVs), aiming to draw more Japanese drivers to battery-powered cars by offering low-priced micro models. According to Reuters, the two Japan...

May 19, 2022 No Responses

Hyundai To Invest $16.5b In South Korea EV Business

Hyundai Motor Group said on Wednesday it plans to invest a total of 21 trillion won ($16.54 billion) through 2030 for the expansion of its electric vehicle (EV) business in South Korea. The South Korean auto group, which houses Hyundai...

May 18, 2022 No Responses

Hyundai Partners Tata Power On Fast Chargers

The management of Hyundai Motor India has announced a partnership with Tata Power to set up electric vehicle (EV)-charging infrastructure in India. Hyundai explained that it plans to facilitate the installation of Tata Power’s DC 60 kW fast chargers acro...

March 20, 2022 No Responses

VW Joins Sustainable Mining Initiative

Volkswagen has joined a group that sets environmental and social standards in mining as the world’s No.2 carmaker steps up efforts ensure its raw materials are sustainable, especially in electric vehicles (EVs).Big companies have com...

March 19, 2022 No Responses

Electric Vehicles: Nigeria Seeks UN Assistance

The Federal Government of Nigeria is seeking the assistance of United Nations (UN) in the areas of technical and infrastructural capacity in its drive to transit to electric vehicles. The Secretary to the Government of Federation (SGF), Mr Boss Mustapha....

March 17, 2022 No Responses

Hyundai Launches Plant To Produce Indonesia’s First Electric Car

Hyundai Motor Group launched a new automotive plant on Wednesday that will produce Indonesia‘s first locally assembled electric vehicle, part of President Joko Widodo’s goal of developing a full EV supply chain utilising the cou...

March 5, 2022 No Responses

Kia Targets 14 EVs In Six Years

Kia has unveiled fresh plans to develop new electric cars starting from next year. Kia says it will release two new Electric Vehicles (Evs) in 2023 and build a full line of 14 EVs by 2027. The development mar...

March 4, 2022 No Responses

Ford Budgets $50b For Electric Vehicles In Three Years

Ford Motor Company is to increase its electric vehicle (EV) investment to $50 billion through 2026, up from the previous $30 billion investment till 2025.The automaker aims to produce more than 2 million electric vehicles annually by 2026, representing ab...

February 24, 2022 No Responses

Thailand Approves Tax Breaks For Electric Vehicles

Thailand’s cabinet has approved tax incentives to promote a shift to electric vehicles (EVs), and to attract “high potential” foreigners to help boost the economy, the finance minister said.Reuters report that the vehicle tax measures inclu...