Daimler’s supervisory board approves €60bn plan for Mercedes-Benz
The focus of the Mercedes-Benz brand will be on electrification, digitalisation, and automated driving
Electric Vehicles
Nissan Motor to invest $17.6bn to expedite electrification efforts
30 Nov 21The Japanese firm plans to launch 23 new electrified models, including 15 new EVs, as it aims to…
Ionity secures €700m investment to expand EV charging network in Europe
25 Nov 21The funding will help the company to increase the number of its high-power charging points to 7,000 by…
Ford Motor scraps electric vehicle partnership with Rivian
22 Nov 21As per a report, the US-based auto manufacturer has scrapped the EV collaboration because of the complexity involved…
Taiwan-based solid-state battery maker ProLogium Technology raises $326m
01 Nov 21Company will use the proceeds of the new funding round to grow its production capacity in Asia, the…
Microsoft introduces new cloud and IoT solutions for EVs in Taiwan
21 Oct 21The company has partnered with Foxconn’s MIH to speed up the transformation of the automobile industry
Toyota Motor to invest $3.4bn in US towards automotive batteries
19 Oct 21The company’s North American unit will establish a new entity for jointly constructing an automotive battery manufacturing plant…
Tata Motors to get $1bn investment for passenger EV business from TPG fund
13 Oct 21The new subsidiary will use Tata Motors’ existing investments and capacities and will focus all the future investment…
CATL plans to build $5bn battery material recycling facility in China
13 Oct 21The Chinese firm will create a joint venture with Hubei Yihua Chemical Industry for recycling used EV batteries
Hyundai Mobis to invest $1.1bn in two new fuel cell plants in South Korea
08 Oct 21The company is targeting to begin mass production of fuel cells at the plants in the second half…