Electric Cars News

South Korea's Hyundai Motor Group said on Thursday it planned to invest $7.4 billion in the United States by 2025 to produce electric vehicles, upgrade production facilities and further its investment in smart mobility solutions.

Electric car maker Fisker Inc has finalized its vehicle-assembly deal with Foxconn Technology Co Ltd, including plans to open a U.S. plant in 2023.

The government has approved the Production Linked Incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery at an estimated outlay of Rs 18,100 crore. The objective not only promotes the Make in India initiative but also is an attempt to bring down the price of the battery pack which is used in cars, thereby helping carmakers make electric vehicles more localised and therefore affordable.

Tesla Inc's top boss Elon Musk said in a series of tweets on Wednesday that the company expects to release a significantly improved version of its full self-driving technology within the next two to three weeks.

The Department of Science and Technology, the Office of Principal Scientific Advisor to the government of India and Niti-Aayog worked in fast-track mode to develop specifications, prototype products, and undertake testing and validation of the proposed low-cost AC charging points.

Ford Motor Company will be unveiling the long-anticipated electric version of the F-150 pickup truck on May 19, 2021. Christened Ford F-150 Lightning, the new electric vehicle is set to go on sale in the Spring of 2022 and will be the first electric pickup truck from the company.

U.S. electric car maker Tesla Inc has halted plans to buy land to expand its Shanghai plant and make it a global export hub, people familiar with the matter said, due to uncertainty created by U.S.-China tensions.

The Solterra SUV will be built on the battery electric vehicle (BEV) dedicated e-Subaru Global Platform