Tag: Electric Vehicles

Nissan, Mitsubishi Unveil Light Electric Vehicles
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 Japanese automakers, part of...
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Hyundai To Invest $16.5b In South Korea EV Business 
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...
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Hyundai Partners Tata Power On Fast Chargers
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...
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VW Joins Sustainable Mining Initiative
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...
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Electric Vehicles: Nigeria Seeks UN Assistance  
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....
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Hyundai Launches Plant To Produce Indonesia’s First Electric Car
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...
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Kia Targets 14 EVs  In Six Years  
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...
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Ford Budgets $50b For Electric Vehicles In Three Years
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...
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Thailand Approves Tax Breaks For Electric Vehicles
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...
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Nissan Alliance To Invest $25b In Electric Vehicles  
January 28, 2022 No Responses

Nissan Alliance To Invest $25b In Electric Vehicles  

The Nissan auto alliance said Thursday it will invest more than $25 billion in electric vehicles over the next five years, marking the latest massive cash injection into the fast-growing sector by the auto industry.Nissan, Renault...
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Hyundai Raises Global EV Sales Target To 1.7m
December 23, 2021 No Responses

Hyundai Raises Global EV Sales Target To 1.7m

Hyundai Motor Group has raised its global Electric Vehicle (EV) sales target for 2026 to 1.7 million units from 1 million units.   Hyundai Motor CEO Chang Jae-hoon made the remark in an interview with Automotive News published on Tuesday, s...
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Hyundai To Unveil Six Electric Vehicles
December 12, 2021 No Responses

Hyundai To Unveil Six Electric Vehicles

Hyundai Motor Company has concluded plans to invest S$530million by 2028 to launch six electric car models in India, a market where the company is number two player.  “We want to be a key contributor to the electric vehicle story in India,”....
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Electric Vehicle Transition Threatens 60,000 Italian Jobs
November 21, 2021 No Responses

Electric Vehicle Transition Threatens 60,000 Italian Jobs

The transition to electric cars could jeopardise 60,000 jobs in Italy, one of the country’s main metal workers’ unions has said and called on the government to support a sector that is “overwhelmed by changes”.Industry analysts say the...
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Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles
November 6, 2021 No Responses

Ford To Retire $5b Debt, Issue Green Bonds For Electric Vehicles

Ford Motor Company said it plans to retire up to $5 billion in high-interest debt and tap into the fast-growing market for “green” bonds to help it finance new electric vehicles and expand credit to customers with lower scores.  Ultimately,...
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