The 13 automotive CEOs across the world including the Renault-Nissan Alliance has released the statement on the weekend over the commitment to reduce global emissions by providing cleaner transportation.
Tags: Electric vehicles
European Industries Threatened By Imports Of Cheap EVs
Renault CEO Luca de Meo urges European industrial nations to counter the threat of cheap foreign electric vehicles, highlighting Europe's passive stance in contrast to US subsidies and Chinese industrial strategies.
LG Chem Signs Deal With GM to Build $3 Billion EV Battery Cathode Factory — The Largest of Its Kind in the US
LG Chem has entered into an agreement with General Motors (GM), which includes a plan to build a massive battery cathode factory in Tennessee.
Warren Buffett–Backed BYD Beats Volkswagen as China’s Biggest Carmaker
Warren Buffett-backed BYD has seized the top position in China's car market, ending Volkswagen's 15-year reign.
Tesla, Nissan, GM and Other EV Models Lose US Tax Credits
Several electric vehicle (EV) models, including the Nissan Leaf, Chevrolet Blazer EV, Tesla Cybertruck All-Wheel Drive, and some Tesla Model 3s, are no longer eligible for tax credits of up to $7,500.
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With an objective of bagging a major chunk of market share in the world's biggest automobile market, the US automobile giant Ford Motor Corp has decided to invest Yuan 11.4billion ($1.8billion) in China. Ford will invest the amount in research and development (R&D) over next five years. Ford has been able to perform better in China market by eating into Japanese rivals' market share. Ford is planning to introduce new models in the China market soon. The new models include hybrid, plug-in hybrid and electric vehicles. Ford is also planning to roll out new generation smart cars shortly in China.
StoreDot, the startup company producing nanotech batteries that can charge smartphones in 30 seconds, had acquired $18M funds from Samsung, Norma Investments and Singulariteam, totaling $66M. The new funding will be spent to charge electric cars.
