South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1

South Korea Captures 31 Per Cent Of Global Electric Vehicle Battery Market In Q1

Three South Korean electric vehicle (EV) battery makers accounted for 31 percent of the global market in the first quarter, but their share has slipped since last year in the face of toughening competition with Chinese rivals, a market research firm said...
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Ford To Develop, Produce Own Electric Vehicle Batteries

Ford To Develop, Produce Own Electric Vehicle Batteries

Saying that it wants to control the key technology for electric vehicles, Ford plans to open a battery development center near Detroit by the end of next year.The company said the 200,000-square-foot facility will have equipment to design, test and even...
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New Honda CEO Targets 100% Electric Vehicles By 2040

New Honda CEO Targets 100% Electric Vehicles By 2040

Honda Motor Co’s new chief executive said on Friday the company was aiming to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040.Speaking at his first news conference since ta...
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Nigeria Unveils First Solar Energy Powered Electric Vehicle Charging Station

Nigeria Unveils First Solar Energy Powered Electric Vehicle Charging Station

The Nigeria Automotive Design and Development Council (NADDC), on Thursday in Sokoto State, inaugurated the first 100 per cent solar energy powered Electric Vehicle Charging Station in Nigeria. In his address, Director-General of NADDC, Mr Jelani Aliyu, s...
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Kia All-Electric Car Explains 500 kms Single Charge Agenda

Kia All-Electric Car Explains 500 kms Single Charge Agenda

Taking Elon Musk-run Tesla head-on, South Korea’s No 2 automaker Kia has unveiled the EV6, its first all-electric model built on a dedicated platform that can travel over 500 kms on a single charge.The EV6 is priced at from over 45 million...
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Hyundai IONIQ 5 Redefines Electric Mobility Lifestyle

Hyundai IONIQ 5 Redefines Electric Mobility Lifestyle

Hyundai Motor Company has launched the IONIQ 5 midsize CUV during a virtual world premiere event. As the first model in Hyundai’s new IONIQ brand dedicated to battery electric vehicles (BEV), IONIQ 5 sets the benchmark to redefine the electric mobility....
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Elon Musk Loses $15b In A Day

Elon Musk Loses $15b In A Day

Elon Musk is no longer the world’s richest person after Tesla Inc. shares slid 8.6 per cent on Monday, wiping $15.2 billion from his net worth.Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of B...
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United Airline To Buy 200 Flying Electric Taxis

United Airline To Buy 200 Flying Electric Taxis

United Airlines plans to buy 200 flying electric taxis that it hopes will fly passengers to the airport within the next five years. According to BBC, the US airline is one of the first major carriers to commit to the...
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Electric Vehicle Sales Surge In EU

Electric Vehicle Sales Surge In EU

Demand for electric vehicles soared in the EU last year as buyers took advantage of government subsidies for clean cars aimed at helping manufacturers weather the unprecedented hit from the Covid-19 pandemic, the European Automobile Manufac...
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VW Plans Small Electric Car For The Masses

VW Plans Small Electric Car For The Masses

 Volkswagen is bringing forward the development of a small electric car for the mass market in anticipation of tougher climate regulations, according to plans seen by Reuters, as it seeks to boost sales in a new green era.Under the project dubbed...
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BMW Moves Engine Production To Britain As German Plants Go Electric

BMW Moves Engine Production To Britain As German Plants Go Electric

 BMW on Wednesday said it will retool its German factories to build electric cars and components and shift manufacturing of combustion engines to plants in Austria and England as part of a broader shift toward low-emission cars.Factories ac...
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Volkswagen Targets 90% Electric Car Sales

Volkswagen Targets 90% Electric Car Sales

Electric cars will likely make up 90% of Volkswagen AG‘s sales in Norway next year and could completely replace diesel and petrol engines in the Nordic country by 2023, the German auto maker’s local importer said on Wednesday.With a ...
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Volkswagen, Chinese Ventures To Invest $17 billion In Electric Vehicles

Volkswagen, Chinese Ventures To Invest $17 billion In Electric Vehicles

Volkswagen AG said on Monday it and three local joint ventures plan to invest around 15 billion euros ($17.44 billion) in electric mobility in China, the world’s biggest car market, between 2020 and 2024.With the investment by Volkswagen and its three.....
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