Electric Cars News

Verkor, which is based in Grenoble, said investors in the funding round included French bank Societe Generale, German industrial company Siemens and the European Investment Bank, which put in 49 million euros.

Mazda plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC.

Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate.

BYD will launch its cars in Mexico next year, with a sales target of up to 30,000 vehicles in 2024.

BYD was the top-selling car brand in China in the first four weeks of November, outperforming Volkswagen.

SK Innovation Ltd's battery unit SK On said that under the terms of the memorandum of understanding (MOU), it will provide its batteries to the auto group's plants in the United States after 2025 for electric vehicle production.

The Serbian government has agreed to provide funding of up to 419 million euros ($431 million) including grants and tax incentives to support the project, InoBat said.

BYD said it would launch a new premium brand in the first quarter of 2023 under the name Yangwang, with its first model slated to be an off-road vehicle.