SU7, the first electric car marks Xiaomi’s breakthrough
Xiaomi has beaten everyone to the punch and unveiled SU7, which stands for Speed Ultra, the first electric car that will hit the market in the coming months. After the presentation…
Tesla launches restyled Model 3 in North America
By Shubham Kalia (Reuters) – Tesla on Wednesday launched the restyled version of its Model 3 sedan in North America and kept the prices unchanged, according to the company’s website…
Brazil electric, hybrid car sales to grow by 60% in 2024, says industry group
By Alberto Alerigi Jr. SAO PAULO (Reuters) – Sales of fully electric and hybrid vehicles in Brazil are expected to rise by 60% this year from 2023, local industry group…
Vietnam’s VinFast to set up $500 million EV facilities in India
By Phuong Nguyen HANOI (Reuters) – Vietnamese electric vehicle (EV) maker VinFast signed an agreement on Saturday to set up its first manufacturing facilities in India, as the ambitious company…
China Evergrande’s EV share sale deal lapses
By Summer Zhen HONG KONG (Reuters) – A share sale plan between China Evergrande New Energy Vehicle Group, the electric vehicle arm of property developer China Evergrande, and U.S.-listed NWTN…
Netherlands blocks ASML exports to China in partial license revocation
By Mrinmay Dey (Reuters) – Chip machine manufacturer ASML on Monday said the Dutch government had partially revoked an export license for the shipment of some chip-making equipment to China,…
Electric car demand set to stall in Europe’s ‘valley of death’
By Victoria Waldersee and Nick Carey BERLIN/LONDON (Reuters) – After years of accelerating growth, Europe’s electric car sales appear to be entering a go-slow zone as drivers wait for better,…
Thailand, Toyota to jointly develop domestic EV industry
By Panarat Thepgumpanat and Chayut Setboonsarng BANGKOK (Reuters) – Thailand will work with Toyota Motor Corp in developing the country’s electric vehicle (EV) industry, Prime Minister Srettha Thavisin said after…
Thailand approves new, scaled down EV subsidy package
By Kitiphong Thaichareon BANGKOK (Reuters) – Thailand on Wednesday approved a new subsidy package for electric vehicles, an industry official said, in a move to support EV sales in a…
China’s Great Wall Motor is first EV maker to respond to EU anti-subsidy probe
By Zhang Yan and Brenda Goh SHANGHAI (Reuters) – China’s Great Wall Motor said it had formally submitted responses to the European Commission‘s anti-subsidy investigation of Chinese-made electric vehicles (EVs),…