Electric Vehicles – Page 3 – City Business News

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 and Mitsubishi Motors said the latest outlay followed $11 billion already ...

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...

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,”....

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...

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,...

September 28, 2021 No Responses

Ford Votes $11.4b For Electric Vehicle Plants

Ford has announced a major investment in electric vehicle (EV) production in the US, promising to build its biggest ever factory in Tennessee, and two battery parks in Kentucky. Under the $11.4bn (£8.3bn) plan, the carmaker said it will build...

September 8, 2021 No Responses

Toyota Votes $13.5b To Develop Electric Vehicle Battery

Toyota Motor Corp said on Tuesday it expects to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system – a bid to lead in the key automotive technology over the next decade.The world’s largest automaker....

August 8, 2021 No Responses

Hyundai Nigeria Seeks Subsidy On Locally Assembled Electric Vehicles

Stallion Hyundai Motors Nigeria has appealed to the Federal Government to approve subsidy for locally assembled Electric Vehicles. Speaking at the just concluded 2021 Nigeria Auto Journalists Association (NAJA) training workshop, Hyunda...

July 30, 2021 No Responses

Nigeria Incorporates Electric Vehicles In Revised Auto Plan

By Moses Ebosele, ebosele@hotmail.com – The Nigerian Government is incorporating Electric Vehicles (EVs) into its National Automotive Industry Development Plan (NAIDP). Addressing participants on Thursday at forum put together by the Nigeria Autom...

July 23, 2021 No Responses

Toyota, Suzuki, Daihatsu Explore Electric Vehicle Venture

Suzuki Motor Corporation and Daihatsu are joining a commercial electric vehicle coalition led by Toyota Motor Corporation, the carmakers announced on Wednesday, helping the Japanese alliance expand its focus from trucks to smaller cars.The two automakers ...

July 20, 2021 No Responses

Suzuki Stakes $13b On Electric Vehicles

Suzuki Motor Corp will enter the electric vehicle (EV) market by 2025 starting in its stronghold market India, Nikkei reported on Monday.The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after governm...

July 14, 2021 No Responses

Volkswagen To Double Charging Infrastructure By 2025

Volkswagen‘s electric vehicle (EV) charging unit, Electrify America, said on Tuesday it planned to more than double its charging infrastructure in the United States and Canada over the next four years.The company said it expects to have over 1,800 fas...

June 15, 2021 No Responses

Hyundai Accelerates ‘Flying Car’ Efforts

Hyundai Motor Co has accelerated efforts around developing “flying cars” and will offer services around those vehicles rather than just selling them, the South Korean automaker’s chief operating officer told Reuters.Hyundai is ahead of t...

May 29, 2021 No Responses

Hyundai Targets One Million Electric Vehicles By 2025

Hyundai Motor Group will slash the number of combustion engine models in its line-up to free up resources to invest in electric vehicles (EVs). According to Reuters report, the move will result in a 50% reduction in m...