Volkswagen Group and US-based Rivian announced on June 25 that the former will invest up to US$5 billion in the emerging EV maker. The pair will also establish a joint venture focusing...
China might move closer to retaliating against the European Union following the bloc's tariff increase on EVs. In a recent closed-door meeting, Chinese automakers pushed its government...
BYD has been selected as the official e-mobility partner of UEFA Euro 2024, replacing Volkswagen, signifying the increasing prominence of Chinese businesses on the international st...
The European Union is expected to announce punitive tariffs on China-made EVs after the European Parliament's election this week. Many European-branded vehicles and Tesla EVs are...
The competition of EUR20,000 (US$21,750) EV has mobilized the European automotive supply chain. Local automakers tend to collaborate with partners to gain a foothold in the sector...
Volkswagen said on May 28 that it plans to roll out a low-cost EV for the European market in 2027, a move that will help it counter Chinese rivals' offense. In addition, Magna Steyr...
The cutthroat price competition in China in the past year has pressured many local automakers, resulting in significant losses. Some companies might have accepted their falling EV...
The rivalry among China, Europe, and the US – the world's three largest EV markets – heats up as America and Europe are poised to raise tariffs on Chinese EVs. China has...
Volkswagen committed to a new investment in China. The carmaker said on April 11 that it will invest EUR2.5 billion (US$2.67 billion) in its Hefei site to facilitate innovation and...
Not content with unseating Tesla Inc. as the world's top-selling electric car maker, BYD Co. has now set its sights on stealing customers from the likes of Toyota Motor Corp. and...
Slower demand for EVs has prompted European and US carmakers to delay their plans. Zhu Huarong, chairman of China-based Changan Automobile, said the situation will hamper Chinese...
As electric vehicles (EVs) gradually penetrate the nascent Indian market, Volkswagen looks to make inroads by partnering with local manufacturers aspiring for the EV sector and launching...
Reports from international media indicate that Volkswagen's vehicles, including thousands of Porsche cars, hundreds of Bentley cars, and thousands of Audi cars, are being held at...
Scout Motors took a step further to establish its first production site in South Carolina, the US. The company aims to begin production by the end of 2026 and make 200,000 vehicles...
