China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, "imminently" and open sales centres in 15 major cities across the country. Liu
Vitesco has received an order worth around 2 billion euros ($2.20 billion) to produce a component for electric vehicles (EVs), Chief Executive Andreas Wolf said on Friday, without naming the client.
Under the deals, Japan's Yazaki will set up a new wiring plant worth $38 million in Tangiers and expand its existing factories in Kenitra and Tangier for $40 million.
Japanese automaker Suzuki Motor Corp and 'flying car' firm SkyDrive Inc said they have signed a deal to team up in research, development and marketing of electric, vertical takeoff and landing aircraft.
The shift to electric cars may pose an existential threat to suppliers of combustion engines but for auto parts firms such as TE Connectivity the challenge is keeping up with demand.
Oil major BP PLC said on Friday it plans to invest 1 billion pounds ($1.32 billion) in electric vehicle charging in the United Kingdom over the next decade
