On July 11th, U.S. Energy Secretary Jennifer Granholm announced that General Motors plans to invest at least $900 million in a transformation of its automotive plant located in Lansing, Michigan, aimed at accelerating the production and adoption of electric vehicles. This initiative is expected to bolster Michigan’s leading position in the electric vehicle sector and […]
According to Reuters, Alexei Podshchekoldin, chairman of the Russian Automobile Dealers Association, said that Russia has been importing cars from China to supply the domestic market for the past two years, but payment problems between Russia and China triggered by U.S. sanctions have had a serious impact on this, […]
According to foreign media reports, India’s Uttar Pradesh state (Uttar Pradesh) announced that it will exempt hybrid cars from some taxes and fees, a move that will reduce the price of hybrid cars by 10 per cent. This marks a big win for Toyota in its lobbying efforts, and […]
Oslo, Norway – Tesla has announced a significant milestone in Norway, having established over 2,000 charging stations across the country. This development underscores Tesla’s ongoing expansion in the European market and successful implementation of its electric vehicle sales strategy. Norway, known for having one of the highest rates of electric vehicle adoption globally, holds […]
Analysts at JPMorgan Chase & Co. expect BYD to deliver 6 million vehicles globally over the next two years, according to Bloomberg, which raised its price target for BYD shares by more than 80 per cent. Based on data compiled by […]
According to foreign media reports, Mercedes Benz chief technology officer Markus Schaefer said on 8 July that the company will wait and see if demand for electric vehicles will pick up before increasing battery capacity. Mercedes-Benz had said in 2022 that by 2030, the company will […]