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The South Korean multinational automotive manufacturer Hyundai Motor said that it has stopped the production of IONIQ 5 in a domestic plant due to chip shortage. Hyundai Motor said Wednesday that it has suspended its No. 1 plant in Ulsan for a week until April 14, due to the lack of electric control units. The […]
The Mexican pre-owned car start up, KAVAK has reached a $4 billion valuation after raising $485 million in its new funding. Making it one of the fast expanding company and highly valued startups in Latin America. The company was created by a group of young entrepreneurs it is an online platform that offers an exceptional […]
The Chinese multinational electronics company, Xiaomi plans to build Electric Vehicle’s (EV) using Great Wall Motor’s factory. One of the greatest smartphone makers in the world, Xiaomi is in talks with Great Wall’s plants in China to make Electric Vehicle’s making it the latestr tech firm to join the smart mobility race. The company will […]
The Japanese multinational automotive manufacturer Toyota, is partnering with Hino ( Toyota subsidiary) and Isuzu Motors Limited to develop small sized electric and fuel-cell vehicle Japan’s top automaker Toyota and truck-maker Isuzu had mentioned that it will hold a 4.6 percent stake in each other, the three companies said in a joint statement. The three […]
The Swedish multinational manufacturing company VOLVO , has said that by 2030 it will only sell electric cars . The company will completely discontinue the manufacturing of all the combustion engines including the hybrid vehicles. VOLVO will be introducing a new line of electric cars and will unveiling its battery only model. In a statement […]
Lucid Motors , The American automotive company and an electric vehicle start-up has agreed to go public in a $24 billion deal with a blank cheque company run by Michael Klein who was a veteran deal maker. The deal between California-based Lucid, Churchill Capital Corp IV and Newark Is the largest in a series of […]
The German aircraft manufacturer Volocopter is all set to launch its first flying electric taxi service in Singapore within the next three years. The taxis developed by volocopter are electrically powered that take-off, land vertically and is also emission-free; it can accommodate up to two passengers and fly directly to the destination. The company had […]
Petronas (Petroliam Nasional Berhad), the Malaysian oil and gas giant will continue to expand its business in renewable energy mainly in solar and wind energy to intensify its flexibility against all challenges that are faced by the oil and gas (O&G) industry. Datuk Seri Mustapa Mohamed, the Minister in the Prime Minister’s Department (Economic Affairs) […]
Deutsche Bahn, The German Railway Company and Siemens Mobility have announced plans to test hydrogen – powered fuel cell trains. This technology is expected to reduce CO2 emissions and eliminate diesel units. It was mentioned by the companies in a joint statement that testing phase will commence in 2024. To develop hydrogen powered prototype vehicle, […]
Prime Minister of United Kingdom Boris Johnson to ban the sales of new petrol and diesel cars from 2030, in order to contribute to a greener planet. This decision comes under the part of 10-point plan for a “green industrial revolution.” With an aim to make the country carbon neutral by the year 2050, The […]
Tesla will be entering European Market through export of its China-Made Model 3. It will export Model 3 sedans from its factory in Shanghai later this month. It will be joining large number of automakers with China as an export hub for E-vehicles. The U.S. car-makers will be exporting China-made cars later this month to […]
