Cars News
South Korea's SK On To Invest $2.5 Billion To Build New EV Battery Factory In China
The company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).
China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund Production
Nov 28, 2021 09:55 PM
China Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.
Sharp Swings In EV Shares Draws Frenzied Options Trading
Nov 28, 2021 09:47 PM
Sentiment in the electric-vehicle makers' options leaned toward bearish and defensive bets on Wednesday, according to Trade Alert data.
Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets
Nov 28, 2021 09:22 PM
The additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.
Rivian Valued At Over $100 Billion In Debut, After World's Biggest IPO Of 2021
Nov 28, 2021 09:13 PM
Despite just having started selling vehicles and having little revenue to report, Rivian ranked ahead of General Motors Co at $86.05 billion, Ford Motor Co at $77.37 billion, and Lucid Group at $65.96 billion.
Volkswagen Plans Farewell To Legendary Santana Model In China
Nov 28, 2021 07:48 PM
Volkswagen AG's joint venture with SAIC Motor will end production of the Santana, Skoda's Rapid and a current version of Tharu sport-utility vehicles (SUV) at its plant in the eastern city of Yizheng.
Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility Plan
Nov 28, 2021 07:12 PM
Italvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.
EV Maker Bedeo Acquires Protean From Evergrande's Auto Unit
Nov 28, 2021 06:17 PM
Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.
Hertz In Talks With Tesla For EV Delivery Timeline
Nov 28, 2021 06:11 PM
Tesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.
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