The reorganization, expected to be announced soon, would mean those working on manufacturing engineering would be asked to relocate to central Illinois or its headquarters in Irvine, California
The deal hinges on a final agreement with Ford Motor Co, which still owns the plant in Bahia state despite halting production in Brazil in 2021
The new Arizona factory will consist of two facilities - one for cylindrical batteries for EVs and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS)
The city-state's bid to stop the purchase of combustion-engine cars from 2030 has bumped up against an entrenched love of supercars, ultra-luxury rides and buyers with enough income to keep them in one of the most expensive places in the world to own a car.
The country is looking to consolidate its position as a leader in industries such as new energy vehicles, photovoltaic equipment and more
Aside from tying up with a ride-hailing company in Bengaluru, ONDC is also in talks with other companies in the sector to expand into other cities.
VinFast, which began operations in 2019, is gearing up to expand in the United States, where it hopes to compete with legacy automakers with its two electric SUV models.
Fuel demand in February hit its highest level in at least 24 years, data from the website of the Petroleum Planning and Analysis Cell (PPAC) showed this month.
Apollo currently operates driverless robotaxi services in specially designated areas of Wuhan, Chongqing and Beijing.
Manufacturers and operators of electric vehicle chargers in the United States are bracing for a slowdown in production and deployment
The U.S. EV maker's retail sales in China totaled 106,915 units from Jan. 1 to March 19, or 1,371 units per day on average
E-fuels are made by synthesizing captured CO2 emissions and hydrogen produced using renewable or CO2-free electricity
The auto, battery and clean energy industries have been awaiting guidance on complex questions governing eligibility for hundreds of billions of dollars of incentives in the Inflation Reduction Act, signed into law last year.
The partnership will initially see Berlin-based Goggo deploying Oxbotica's autonomy software in Spain in middle-mile delivery operations for partners like Spanish pizza chain Telepizza.
The government is planning to boost the number of electric vehicles in its fleet to 8,280 by the end of 2025 from the current 300.
As per the report, the company plans to raise capital by selling shares in its unit, currently valued at over $9.1 billion, in multiple tranches over the next two fiscal years
BYD has asked some of the workers at its Xian plant, its biggest manufacturing hub, to work only four days a week
On Monday, both benchmarks ended about 1% higher after falling to their lowest since December 2021
In volatile trade, Brent crude futures for May rose 82 cents, or 1.1% to $73.79 a barrel. U.S. West Texas Intermediate crude futures for April gained 90 cents, or 1.4%, at $67.64
At their session low, both benchmarks were down more than $3. Brent fell nearly by 12% in the week, while WTI futures fell 13% since Friday's close.
