Dubai’s Expansion of EV Infrastructure to Enhance Urban Mobility
Dubai is set to expand its electric vehicle infrastructure, with plans to install 200 ultra-fast charging stations across key residential and retail areas. This initiative, which aligns with the emirate’s broader sustainability goals, aims to provide more convenient access to…
Saudi fintech start-up Tamara lands up to $2.4 billion financing deal
DUBAI (Reuters) -Saudi Arabian start-up Tamara has secured an up to $2.4 billion financing package from backers including Goldman Sachs, Citi, and Apollo funds that will help the fintech company expand its credit and payment products, it said on Monday….
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…
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…
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…
Honda Bets Big on Ohio for EV Production, with $1B Investment
Honda is finally shifting gears and getting ready after many years of planning to enter an “electrified era”. It is ready to make investment of $1B in manufacturing the company’s first electric vehicles (EV) in U.S. Honda, the Japanese automaker…
WeaveGrid Secures Strategic Investment from Hyundai Motor and Kia, Reinforcing Leadership in EV Charging Management
WeaveGrid, a software company that enables rapid electric vehicle (EV) adoption on the power grid, today announced a strategic investment from Hyundai Motor Company and Kia Corporation, further solidifying its position as the preferred software solution for automakers seeking to…
EV Company Harbinger Raises $100 Million in Series B Funding
Harbinger, a medium-duty electric vehicle (EV) company, announced it has raised $100 million in Series B funds. Harbinger will use the funds to substantially accelerate its growth by deploying higher volume production capacity to meet demand for its purpose-built electric…
New £50m Powertrain Manufacturing Plant for Sunderland after Nissan, JATCO and the Government Agree on Investment Deal
Sunderland will be home to a new powertrain manufacturing plant after Nissan, the Japan Automatic Transmission Company (JATCO) and the government agreed on a £50m investment deal. The new site will help create 183 new high-value jobs in the region…
Trio of NEVI-Funded EV Charging Stations Open in Western Wisconsin
The Joint Office of Energy and Transportation (Joint Office) is thrilled to announce the opening of the first three electric vehicle (EV) charging stations Wisconsin in leveraging funding from the National Electric Vehicle Infrastructure (NEVI) Formula Program paired with private…