Hyundai Battery Facility Experiences Startup Delay of 2-3 Months After US Raid, According to CEO
Hyundai Motor’s joint venture battery plant is anticipated to experience a startup delay of no less than two to three months, following a recent immigration enforcement operation, as stated by CEO Jose Munoz on Thursday. The facility, situated in Georgia…
Genesis targets Europe with GV60 Magma
On the 9th of last month (local time), a visit was made to the ‘Genesis Studio Munich’ located on Theatiner Strasse in Munich, Germany. At this 635-square-meter, two-story complex cultural space, the ‘Magma Theme’ event was being held until the…
Anna Tsenter Leads Forevo’s Landmark Launch in Dubai to Drive Green Mobility Transformation
In a landmark step toward enhancing sustainability and shaping the future of energy systems, Dubai witnessed the official launch of operations for Forevo, one of Europe’s and the world’s leading clean energy companies. At an exclusive press conference held at…
EIB Backs EV Charging Expansion In Greece And Cyprus
The European Investment Bank (EIB) is providing up to 17.5 million euros in long-term venture debt financing to Joltie SA., a Greek electric vehicle charging point operator, to accelerate the roll-out of public charging infrastructure in Greece and Cyprus, Trend…
Raid on LG Battery Plant Disrupts Several Construction Projects
An immigration raid on an LG Energy battery plant under construction in Georgia has had a ripple effect on several other projects led by the South Korean company in the United States, Bloomberg has reported. The report said LG Energy…
Nio Opens Third Location in UAE With Showroom, Delivery and Service
Chinese EV maker Nio has opened on Monday a new showroom in the Middle East, marking the third one in the United Arab Emirates (UAE) and the second one in Dubai. After opening a Nio House and a Nio Space, the company…
Aviation and Event Partnerships Drive Advances in Global Mobility and Luxury Technology
The post-pandemic business environment is witnessing a significant transformation, with strategic collaborations in aviation and event sectors emerging as pivotal forces behind innovation and economic recovery. This trend is particularly evident in the United Arab Emirates, where Emirates Airlines’ partnerships…
Low Oil Prices Force Saudi Arabia to Tap More Debt
Saudi Arabia’s budget deficit is growing this year as oil prices are down from last year’s levels and well below the $90 per-barrel price the Kingdom is estimated to need to balance its budget. Brent Crude oil prices have declined by…
US Automakers Still Plan To Make More EVs, Faster
Oh the irony, it burns. The President of the United States of America aimed to kill the vehicle electrification movement in its cradle, but lately he’s been the one ruminating about heaven while US automakers keep laying more plans to…
New Omani platform to invest $75.4mln in green mobility
The launch of the National Green Mobility Company (NGMC), a public–private platform designed to accelerate the transition to electric transport, was officially announced yesterday, August 31, with investments estimated at RO 29 million ($75 million). The company will launch an…