Chinese electric vehicle maker, BYD, is putting its building blocks in place for the Atto 3 which will be launched in the October-December quarter. This fully-born electric SUV built on the E3 platform is close to 4.5 metres long and already being retailed in Singapore, Australia and New Zealand. It will enter Japan in January 2023… Continue reading BYD readies base for Atto 3 launch in India
Tag: Electric vehicles
Toyota to invest $5.3bn to make EV batteries in U.S. and Japan
TOKYO — Toyota Motor announced on Wednesday that it will invest up to 730 billion yen ($5.3 billion) to expand production of batteries for electric vehicles in Japan and the U.S. in a move to meet increasing EV demand. The auto giant will invest 400 billion yen domestically in the plant of Prime Planet Energy… Continue reading Toyota to invest $5.3bn to make EV batteries in U.S. and Japan
BYD shares plunge as Warren Buffett trims stake in China EV maker
HONG KONG — Shares in BYD, China’s biggest maker of electric vehicles, plunged nearly 8% on Wednesday, performing worse than any other stock on the benchmark Hang Seng Index, after filings showed Warren Buffett’s Berkshire Hathaway trimmed its stake in the company. Berkshire sold 1.33 million shares in the automaker — just under 1% of its… Continue reading BYD shares plunge as Warren Buffett trims stake in China EV maker
After beating Tesla in China EV sales, BYD plots global expansion
GUANGZHOU — Top-selling Chinese electric-vehicle maker BYD has set its sights on expanding to more than 15 international markets after speeding past Tesla and other rivals at home. Just this month, BYD has announced retail moves into Sweden, Germany, Denmark, Israel and Thailand. Go to Source
The shift to electric vehicles is about to overwhelm meager US mining operations
Electric vehicles are very helpful for fighting climate change. But EVs need batteries, and batteries need minerals like nickel, cobalt, and lithium. The US has some of these minerals underground, and it wants to dig them up, expeditiously, so that it doesn’t have to rely as much on other countries, including China. But this is… Continue reading The shift to electric vehicles is about to overwhelm meager US mining operations
New 2026 Polestar 6 EV sells out one week after public debut
The Polestar 6 convertible electric sports car has sold out in its initial 500-car guise just one week after its public debut. Presented to crowds at The Quail and Pebble Beach in the US, the Polestar 6 will be launched in 2026. It appeared in the US in LA Concept edition guise – an exclusive first edition… Continue reading New 2026 Polestar 6 EV sells out one week after public debut
Tesla (TSLA) Fully Self-Driven Cars to Hit US, Europe by 2022-End
At an energy conference in Norway, Tesla Inc.’s TSLA CEO Elon Musk recently announced that the company is targeting the end of 2022 for its self-driving technology to be widely available in the United States and Europe markets. The exact timeline depends on regulatory approvals. Tesla’s existing Full Self-Driving package or FSD needs to be… Continue reading Tesla (TSLA) Fully Self-Driven Cars to Hit US, Europe by 2022-End
Cummins (CMI), Versatile Brand Partner Over Hydrogen Engines
In a recent development, Cummins Inc. CMI signed a letter of intent with Buhler Industries Inc., a leading tractor manufacturer under the Versatile brand. Both companies plan to integrate the Cummins 15-liter hydrogen engines into Versatile’s equipment to drive efforts in de-carbonizing the agriculture market. Each company is uniquely placed to enhance its reputation in… Continue reading Cummins (CMI), Versatile Brand Partner Over Hydrogen Engines
Ford (F) to Work on 2nd Electric Truck After F-150 Lightning
After the roaring success of its all-electric F-150 Lightning pickup truck, Ford Motor Co. F is once again working on an electric truck, per a report. The second model is expected to hit the market in 2025. Although not much detail came to light, the new EV truck is confirmed to be rolled out alongside… Continue reading Ford (F) to Work on 2nd Electric Truck After F-150 Lightning
Toyota triples U.S. EV investment in North Carolina
Toyota said Wednesday it will triple its planned investment for its first U.S. battery factory due to rising consumer demand for electric vehicles. The automaker now plans to spend $3.8 billion, up from the initial $1.3 billion announced, to build a plant near Greensboro, North Carolina. Toyota Battery Manufacturing North Carolina is expected to begin… Continue reading Toyota triples U.S. EV investment in North Carolina