Xiaomi Purchases $116 Million Site in Beijing to Expand EV Production
Chinese tech company Xiaomi Corp. has purchased a plot of land in Beijing for 842 million yuan ($116 million) to expand electric car production following the early success of its debut sedan. The 53-hectare (131-acre) site is close by Xiaomi’s…
Enso Plans to Build US$500m carbon-neutral Tire factory in the US
Enso, a tire technology company focused on electric vehicles (EVs), has signed a letter of interest (LOI) with the Export-Import Bank of the United States (US EXIM Bank) to establish America’s first carbon-neutral tire factory. This facility, valued at US$500m,…
Wallbox Selected for $5.2 Million 48C Tax Credit by the U.S. DOE and IRS For Investments in Arlington Factory
Wallbox (NYSE: WBX), a leading provider of electric vehicle (EV) charging solutions, today announced that it has been allocated a $5.2 million tax credit under the highly competitive 48C Qualifying Advanced Energy Tax Credit Program by the U.S. Department of…
LG Opens Its First US EV Charging Factory in Texas
LG Electronics has opened its first electric vehicle (EV) charger facility outside of South Korea — in Fort Worth, Texas — to capture a share of North America’s competitive EV charging market. Its new EV charging station factory, spanning 59,202…
BYD, a Chinese Powerhouse in Electric Cars, Will Build a Plant in Hungary
Chinese automaker BYD said Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. Hungary will be the center for its European operations, BYD…
China’s BYD to Build its First European EV Factory in Hungary
One of the world’s largest electrical vehicle manufacturers, China’s BYD, will open its first European EV production factory in Hungary, the country’s foreign minister said Friday, the latest step in the Central European nation’s efforts to become a global hub…
This US-Based EV Maker Just Opened A Factory In Saudi Arabia
Lucid Motors occupies a unique space within the startup EV segment. Competing head-on with Tesla, Lucid’s long-standing claim to value has been its competitive engineering and luxury appointments. As a result of this approach, however, Lucid has butted heads with…
European Car Companies Plan Battery Factories to Supply EV Transition
European car makers aim to streamline the supply chain needed for their intended transition to electric vehicles, and securing lithium-ion batteries will play a major part. On Monday, Stellantis announced a second deal for a battery factory in the U.S….
Tesla Prepares To Double Berlin Factory Size, Aiming For 1 Million EVs Annually
TSLA, steered by the visionary Elon Musk, is gearing up to double the size of its Berlin factory. The ambitious plan aims to churn out up to one million electric vehicles annually, potentially transforming the facility into Germany’s largest auto manufacturing plant. …
Ford Opens Next-Gen EV Factory in Germany
This week, Ford opened its new EV production facility in Cologne. The move is part of the American automaker’s push to make its entire European passenger vehicle lineup all-electric by 2030. Originally opened back in 1930, Ford has spent the…
