Electric Vehicles
BYD partners Huawei for advanced autonomous driving in new off-road EVs
Chinese electric vehicle (EV) firm, BYD, has announced a significant partnership with tech giant Huawei, marking a strategic move in...
Kenya’s Mobius Motors avoids liquidation with 11th-hour buyout deal
Mobius Motors, Kenya’s pioneering carmaker known for producing affordable SUVs tailored for Africa’s rugged terrain, has accepted a takeover bid...
Global EV sales surge 21% in July, driven by record growth in China
Global sales of electric vehicles (EVs) surged by 21% in July 2024, with China leading the charge, according to data...
Uttar Pradesh’s hybrid tax waiver boosts Toyota, challenges Tata and Mahindra
Uttar Pradesh, India’s most populous state, has decided to maintain its waiver of registration taxes for hybrid vehicles. This move,...
Emergency meeting held in South Korea after massive EV fire destroys 140 cars
South Korean officials convened an emergency meeting on Monday to address mounting concerns over electric vehicle (EV) safety following a...
China’s WeRide targets $5bn U.S. IPO amid regulatory challenges
Chinese autonomous driving startup WeRide has announced its plans to raise up to $5.02 billion in a U.S. initial public...
Half of all cars sold in China in July were electric or hybrid, marking a new era
China's automotive industry has reached a significant milestone as sales of new energy vehicles (NEVs)—including pure electric vehicles (EVs) and...
Lucid secures $1.5 bn from Saudi PIF for electric SUV expansion
Lucid Group, the electric vehicle (EV) manufacturer, has announced a significant financial boost with up to $1.5 billion in funding...
Rivian reports $1.16 bn revenue, $1.46 bn loss in Q2 2024
Rivian Automotive has reaffirmed its production forecast for 2024, despite reporting higher-than-expected losses in the second quarter. The electric vehicle...
Toyota targets 3.5 million EV sales with new Kyushu Battery plant for Lexus
Toyota Motor Corporation, the world's leading automaker, is planning to build a new battery plant for electric vehicles (EVs) in...
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