According to foreign media reports, Ford has begun to produce electric vehicle drive motors in factories in Halewood, Britain. The factory can produce up to 420,000 motors per year, so 70%of Ford’s sales of electric vehicles sold in Europe. Ford’s motors produced […]
According to foreign media reports, General Motors will generate two more than 5 billion US dollars of costs and assets due to its Chinese business, one of which is related to business reorganization, and the other reflects the decline in the value of joint ventures. […]
Hyundai Motors has set another record in the U.S. sales. Hyundai’s impressive lineup of electric vehicles is spurring consumer demand, with the company’s best-selling IONIQ 5 SUV more than doubling sales in November from a year ago, setting a new monthly U.S. sales record. Hyundai sold 76,008 vehicles in the U.S. in November, and its […]
Sajjan Jindal, chairman and family owner of Indian steelmaker JSW, said JSW plans to launch its own electric car brand, marking the company’s entry into India’s growing electric car industry. Before announcing plans to launch an electric car brand, JSW announced in March this year a $1.5 billion joint venture with SAIC Motor to produce […]
According to foreign media reports, on December 3, the European Commission called for an EU fund with an additional 1 billion euros (about $ 1.1 billion) to support electric vehicle battery manufacturing because the current electric vehicle industry is facing pressure. The European Commission stated that […]
According to foreign media reports, Lisa Brankin, chairman of the Ford Motor British Branch, called on the British government to provide a consumption incentive of up to £ 5,000 for each electric car. At present, global auto manufacturers are facing new challenges. It […]