Both the parties had signed a cooperative agreement last year on November 30 with an aim to establish a 50:50 joint venture in China.
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Tag: Electric vehicles
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With more EVs being added to the global network of roads, newer long-term benefits and community trends are being uncovered.
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INDUSTRY NEWSLatest News
Biden vetoes legislation blocking “Buy America” waiver for EV charging stations
Owing to concerns about impeding domestic manufacturing and delaying progress in establishing the EV charging network President Biden vetoes legislation blocking the waiver.
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Tesla’s shares were down 6% in after-hours trading as Elon Musk noted that ramping up production of the new vehicle would be challenging.
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Tesla has already sent requests for quotes or invitation for bids for the new affordable model to its suppliers last year.
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Latest NewsTECHNOLOGY
Hyundai, Kia unveil Active Air Skirt technology to improve EV range and stability
The Active Air Skirt is installed between the front bumper and the front wheels, and operates at speeds over 80 km/h.
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Panasonic Energy has a battery plant in Nevada and has broken ground on a second one in Kansas. It is yet to decide the location …
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Amid a shifting focus towards hybrid models, Ford cuts production of the F-150 Lightning pickup due to lower-than-expected demand for electric vehicles
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Aiming to expand its presence in the Southeast Asian market, China’s BYD launches three EV models in Indonesia
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India is yet to decide on reducing import taxes for electric vehicles, particularly for Tesla, amid concerns from domestic automakers