With plans to launch locally manufactured EVs by 2025, the conglomerate aims to establish a strong foothold in a sector currently dominated by Tata Motors.

Polestar Automotive is gearing up to shift its production unit for cars it plans to sell into Europe to its U.S. plant.

Chief Technology Officer Gao Huan of CATL’s e-car division unveiled the Shenxing Plus during the first media day of the Beijing auto show.

In the short term, Ford will focus on hybrid vehicles to offer a smooth introduction to the customers into the future of battery technology.

As of now, none of Tesla’s US plants have hit the 30% limit as mentioned in the UAW’s disclosure.

Some analysts believe that GM could lose additional market share in the near and intermediate term due to its lack of hybrid gasoline-electric vehicles.

The new Tesla models will be launched ahead of the target period of the Model 2 and will also included more affordable variants.

Major automotive brands like Tesla, BMW, Volkswagen, Renault and Toyota, are expected to launch V2G equipped models in the coming future.

Tesla is currently surrounded by major layoffs, vehicle price cuts and urgent calls by investors for clarity on product strategy.

In Europe, low development of passenger car demand combined with weakened subsidies reduces electric car spread.