Volkswagen's strongest market is China and the group goes the extra mile to maintain it this way in the foreseeable future. To boost its "In China For China" strategy, the Group announced the expansion of its Hefei site which will be turned into a state-of-the-art production, development, and innovation hub run by the Volkswagen China Technology Company (VCTC). Its main goal is to reduce the time to market for...

28 November 2023

Stellantis and CATL today announced the signing of a non-binding Memorandum of Understanding (MoU) for the local supply of LFP battery cells and modules to power Stellantis' electric vehicle production in Europe. To further support Stellantis' aggressive electrification strategy, the two companies are considering the possibility of forming a joint venture with equivalent contributions. The MoU outlines a long-term...

21 November 2023

Production-intent Fisker PEAR and a prototype of the Fisker Alaska pickup truck will be on display to the public from Nov. 18 through Nov. 26 for the duration of the LA Auto Show. PEAR is an innovative, high-volume crossover that the company recently showed at its Product Vision Day in August. PEAR is expected to commence production in July 2025 and will be priced at $29,900 in the US, before incentives. At the...

17 November 2023

Kia America introduced the all-electric Kia EV3 and Kia EV4 concept models at the 2023 Los Angeles Auto Show. Showcasing Kia’s cutting-edge electric platform technology, styling derived from the tenets of the Opposites United design philosophy, and a commitment to a leading color, material, and finish (CMF) strategy, the Concept EV3 and Concept EV4 represent contrasting vehicle typologies with a common thread. Like...

17 November 2023

Porsche is upgrading its main plant in Stuttgart-Zuffenhausen for the future by carrying out extensive reconstruction measures and extensions. In the future, the electric sports cars in the next 718 generation will be produced on the traditional assembly line for the two-door Porsche sports cars – and this alongside the models with a boxer engine. The Stuttgart-based sports car manufacturer is investing some 250...

17 November 2023

Lucid Gravity is a high-performance electric SUV with space for up to seven adults and their gear and a projected driving range of over 440 miles. It made its public debut at the LA Auto Show and is scheduled for production in a year. Gravity's exceptional performance starts with a brand new platform developed from the ground up as a sporty SUV. This is seamlessly integrated with the next generation of Lucid's...

17 November 2023

LG Electronics will enter the rapidly growing U.S. electric vehicle charger market in 2024 with the introduction of its first line of AC and DC powered EV charging stations. According to LG Business Solutions USA's Senior Vice President Nicolas Min, the line will include Level 2 and Level 3 EV chargers, opening new opportunities for businesses, municipalities and other public places to support the electrification of...

17 November 2023

Polestar confirmed the successful start of production of Polestar 4, with first deliveries to customers in China expected before the end of 2023. Official launch in all other Polestar markets is planned for early 2024, with customer deliveries in these markets expected within the same year. The first production car to roll off the assembly line is finished in Snow with the signature Swedish gold details of the...

17 November 2023

The all-new 2025 Hyundai IONIQ 5 N electrified sports vehicle was presented to the North American media at a pre-show event for AutoMobility LA. IONIQ 5 N represents the N brand's electrification vision and a fresh opportunity for performance enthusiasts to satisfy their driving passion on the road and track. IONIQ 5 N is the first electrified iteration of the Hyundai N brand, with future electrified N models to...

17 November 2023

BASF and SK On have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collaboration brings together strong business and product development capabilities to develop industry-leading battery materials for lithium-ion batteries. BASF and SK On's initial focus will be evaluating collaboration options for...

15 November 2023

Ampere is an autonomous company that designs, engineers, manufactures, and markets electric passenger cars under the Renault brand in Europe. On November 1st, 2023, the establishment of the company was fully completed. It now includes 11,000 employees, of which 35% are engineers, focusing on EV and software technologies. Ampere benefits from strong assets for which most investments have already been made, including...

15 November 2023

National Business Daily has managed to obtain some information about the current state of affairs and production schedule of Xiaomi's first EV. According to the news outlet, on November 8th, Xiaomi held a closed-door meeting with partners that's been highly confidential with no options for official news reports. A few days later, NBD interviewed a person working near Xiaomi's production base in the Beijing Economic...

15 November 2023

Polestar confirmed the next step in diversifying its manufacturing footprint. Manufacturing of Polestar 4 in Hangzhou Bay, China, will be complemented with manufacturing in Busan, South Korea, expected to start during the second half of 2025. An agreement has been reached between Polestar, Geely Holding and Renault Korea Motors (RKM), that will bring contract manufacturing of Polestar 4 vehicles for the North...

13 November 2023

Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, announced the Economic Development Partnership of North Carolina, adding another 3,000 jobs. The project, dubbed "Toyota Battery Manufacturing North Carolina" (TBMNC) was first announced as a $1.29 billion investment in 2021, with expansions in 2022 and 2023. Now valued at $13.9 billion, the...

13 November 2023

Korean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final...

13 November 2023