Chinese New Energy Vehicle (NEV) manufacturer Foton Zhilan is building a NEV light truck plant in Shangqiu, Henan province in central China....
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Posco prepares for the green car era
The challenge for Posco engineers is to find a technological breakthrough in the development of lighter steel containers by using newly developed...
Indian EV makers approve GST tax cut
On Saturday, a senior GST Council approved a decision to cut the electric vehicle tax rate from 12 percent to 5 percent starting August 1....
Nissan to cut 12,500 jobs as earnings slump in first quarter
Nissan's April-June operating profit fell to 39.52 billion yen on average from 109.14 billion yen a year earlier, or more than doubled....
Tesla lost another 11 percent of its value after the publication of the report for the second quarter
The American electric vehicle maker sold a record number of cars in the second quarter, but has not been able to break even....
German auto concern Daimler recorded a net loss in the second quarter
Less than two weeks ago, Daimler warned investors of lower profits, downgrading its financial outlook for 2019 for the second time....
India will continue to cut taxes on electric vehicles and clean energy
The Indian government plans to cut tax rates on electric vehicles from 12 percent to 5 percent....
Volkswagen: plan to develop electric vehicles in India is tempting, but not yet viable
Currently in India, electric vehicles are provided with charging on average for 70-80 kilometers....
Samsung SDI and Volvo to jointly develop batteries for electric vehicles
The partnership with Samsung SDI will accelerate the development of Volvo's electric truck, bus and boat range, Volvo said....
Is the German auto industry preparing for a collapse?
The crisis in the global automotive industry begins to expand to Europe, the manufacturers of which will declare a deterioration in prospects and...
Indonesia Announces Start of Electric Vehicle Production in 2022
Indonesia plans to start producing electric vehicles (EVs) in 2022, according to a senior Industry Ministry official, after a number of companies...
Indian company invests $ 3 million in electric vehicles
A significant part of the company's products will be based on lithium ion technology, given its advantages, as well as government support....
Lookers British auto show fell 30 percent
British auto show Lookers spoke about its full-year profit on Friday, stating that trading was getting more difficult, leading to a 30% drop in the...
Germany doubled arms exports in the first half of 2019
Compared to the first half of 2018, Germany has more than doubled its arms exports - in total, contracts worth a total of 5.3 billion euros were...
China plans to increase funding for the production of electric vehicles
The Chinese government plans to increase government lending to the production of new energy vehicles in 2021-2023....
The United States took a step towards mass production of self-driving cars
The US has allowed Japanese SoftBank to invest in an American self-driving car developer....
Jaguar expands production of electric vehicles in the UK
Jaguar will invest a multi-million dollar investment in the production of electric vehicles at the UK's Castle Bromwich plant in central England....
Ford plans massive staff cuts in Europe
12,000 workers will remain unemployed in Europe as a result of optimization of the American automaker Ford. The company also plans to completely...
KIA partners with Hyundai to create low-cost electric vehicle for India
South Korean carmaker Kia Motors is working with the Hyundai Motors group of firms to consider a low-cost electric vehicle (EV) project for India...
France and Japan will launch unmanned cargo delivery service by road
Renault, Nissan and Waymo are on track to form a partnership to develop self-driving vehicles for the transport of people and goods in France and...
Sandvik Mining and Rock Technology signed an agreement with distributors in Russia and Kazakhstan
Sandvik Mining and Rock Technology has signed a distribution agreement with MCI Rubber Solutions, Absolute LLC and Almazgeobur LLC - leading...
Voestalpine wins 10-year contract with engine manufacturer Rolls-Royce
The signing of the Rolls-Royce contract is the result of intense innovation and investment in recent years and is an absolute milestone in terms of...
An electric plane was presented for the first time in France
All-electric aircraft maker Eviation Aircraft has announced its first commercial customer, Cape Air, a Massachusetts-based regional airline that...
Lawyers cash in on Volkswagen's dieselgate for € 1.77 billion
Consultants and lawyers due to the scandal with the manipulation of data on emissions cost the car concern 1.77 billion euros. At the same time, the...
Indian auto steel demand forecasts remain disappointing
In July-September, the demand for automotive steel in India is likely to continue to decline, as car production continues to be negatively impacted...
Ford opens new research center in Tel Aviv
Ford Motor, the legendary American automaker, said on Wednesday that it has opened a research facility in Tel Aviv, thus becoming one of several...
Sandvik showcased new equipment at Coal of Russia and Mining 2019
Sandvik Mining and Rock Technology took part in the international specialized exhibition "Coal of Russia and Mining 2019", which took...
Electric vehicle sales in South Korea gain momentum
The South Korean government has offered the world's highest subsidies to electric vehicle makers, while at the same time eliminating sales...
France agrees to cut its stake in Renault to support Nissan deal
The French government welcomed the original merger plan, but replayed its line by insisting on a series of guarantees and concessions that...
