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Tag: EVs

Foxconn
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Apple’s supplier Foxconn to invest $820m in EVs

One of the largest electronics manufacturers in the world, Foxconn, announced on Sunday that it intends to invest T$25 billion ($820 million) in southern Taiwan over the next three years. The company also known as Hon Hai Precision Industry Co Ltd, plans to establish new manufacturing facilities that will support its electric vehicle endeavors. The […]

Ford logo
Business

Ford launches electric Courier van in Europe 

Ford Motor Co has launched a new electric Courier van for European business customers in an attempt to compete with electric van startups such as Arrival SA. According to Ford, the revamped lineup of smaller commercial vans for the European market will also include gasoline and diesel models. The chief of Ford Pro,Ted Cannis explained […]

Car sales slump 14% in six months - Report
Business

Volkswagen to increase number of EV stations in China

A senior executive at Volkswagen AG in China has restated the company’s commitment to speeding up the process of vehicle electrification in China, by increasing charging posts. This is  despite facing challenges such as increasing competition and weak demand. Reuters reported that Volkswagen has plans to increase the number of charging stations for electric vehicles […]

BMW Electric Vehicle
Business

BMW projects EVs to hit 50% of sales in 2030

The automaker, BMW said on Wednesday it projects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target. According to Reuters, BMW envisions a hydrogen-powered car going into production in the second half of the decade. The company said, “By 2025, a fourth of new sales will be all-electric.” It […]

Business

Ford to layoff 1,100 workers in Spain

One of the leading automakers, Ford, plans to layoff 1,100 workers at its plant located in Valencia in eastern Spain, according to one of its spokesmen. According to Reuters, the spokesperson said that the job cuts which were shared with the union are part of the company’s plan to make changes to its car production […]

Mitsubishi car
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Mitsubishi to sell only EV, hybrid cars by 2030s

The automaker, Mitsubishi plans to strengthen its auto electrification strategy and remain competitive in the market by ensuring all its new car sales beginning from the middle of 2030s are only battery electric vehicles and hybrids. Reuters reported that Mitsubishi, which is also a junior partner in an alliance with France’s Renault SA and Nissan Motor, […]

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