Browsing: Business

Panasonic Holdings’ energy unit fell short of its operating profit guidance for the past business year due to reduced electric…

Shenzhen, the renowned hub of Chinese electric vehicle (EV) giant BYD, has achieved a remarkable milestone, becoming the first city…

Tesla has initiated a new round of layoffs as part of its aggressive cost-cutting strategy, trimming various aspects of its…

FreeWire Technologies has announced plans to close its corporate headquarters in Newark, California, and lay off nearly all of its…

Electric vehicle (EV) maker Fisker has alerted its employees about the looming possibility of layoffs and the closure of its…

German automaker Mercedes-Benz joined the ranks of EU-based automakers releasing their Q1 2024 financial reports, showcasing robust profits amid shifting…

Norway has launched a new funding program aimed at promoting the adoption of electric commercial vehicles, with funds allocated on…

Nissan Motor has revised its annual operating profit estimate downward by 14.5%, citing lower-than-expected vehicle sales and other factors. The…

Nissan, in a bid to bolster its electric vehicle (EV) sales, is gearing up to unveil a new Micra EV…

BMW has officially obtained planning permission for its new battery assembly plant in Lower Bavaria, marking a significant step forward…

Tesla CEO Elon Musk has announced a significant restructuring of the company, including a workforce reduction of at least 10%…

Chinese automaker Chery is set to establish its first manufacturing site in Europe, with Spain being the chosen location for…

Following the declaration of insolvency of Belgian bus manufacturer Van Hool on Monday, the company’s future has been clarified with…

UK-based vehicle electrification specialist Lunaz Group has announced a halt to its operations and plans to appoint administrators for a…

n a strategic move to expand its presence in the commercial vehicle market, Rivian, the upstart electric vehicle brand, has…

Posco has secured deals worth nearly 1.2 trillion won ($9 billion) to supply rare earth permanent magnets to finished carmakers…

The Japanese Mitsubishi Corporation has made its first foray into lithium mining, investing 25 million Canadian dollars in a 7.5…

Ford Transit, America’s No. 1 best-selling commercial van, marks its 10th year of U.S. production and sales with updates to…

A senior Chinese official has expressed dissatisfaction with the pace of progress among state-owned automakers in the country’s new energy…

CATL is exploring the establishment of research and development centers in Hong Kong, aiming to pioneer cutting-edge technologies for licensing…