Keywords: Electric vehicles
BYD Company Limited is reportedly in discussions with European automakers, including Stellantis N.V., over the possible acquisition or use of underutilized production facilities in Europe, according to industry reports. The Chinese electric vehicle giant is seeking to expand its presence in the European......
Swiss engineering group ABB Ltd has announced a major investment of around $200 million to expand its production capacity for medium-voltage electrical equipment in Europe. The move aims to respond to rapidly increasing demand for electricity infrastructure driven by data centers, electric mobility,......
Chinese battery giant CATL has announced a new partnership with Turkish electric vehicle manufacturer Togg to co-develop cars based on its Panshi EV chassis, marking the company’s first overseas deployment of its EV platform. According to a company statement, the collaboration will focus on the......
State-backed ElectroMobility Poland (EMP) has announced a strategic partnership with Taiwan’s Foxconn to develop an electric vehicle manufacturing and research hub in southern Poland, marking a significant step in the country’s ambition to build a competitive domestic EV industry. The project......
Tesla recorded a significant increase in sales of its China-produced electric vehicles in April, with year-on-year growth of 36%, according to data from the China Passenger Car Association. The U.S. electric vehicle manufacturer continues to expand its presence in one of the world’s most competitive......
Swedish automaker Volvo Cars has reported a decline in global sales for the period between February and April, reflecting ongoing challenges in the automotive industry. The company sold over 160,000 vehicles during the three-month period, marking a drop compared to the same timeframe last year. Regional......
Indian battery manufacturer Exide Industries Ltd reported a significant increase in its quarterly performance, supported by strong demand from the automotive sector and favorable tax policies. The company benefited from sustained growth in vehicle sales across multiple segments, including two-wheelers,......
Chinese electric vehicle giant BYD is facing serious allegations of labor rights abuses at the construction site of its factory in Szeged, Hungary, raising fresh concerns over working conditions linked to China’s industrial expansion in Europe. According to a report published by the non-governmental......
General Motors reported a strong increase in its first-quarter performance, with core profit rising by 22% year-on-year, supported by solid demand in the US truck market and improved profit margins in North America. The Detroit-based automaker posted earnings before interest and taxes of $4.3 billion,......
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