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electric vehicles
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Tesla laying off more than 10% of staff globally as sales fall
Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).
Vingroup to increase capital of EV taxi subsidiary GSM
Conglomerage Vingroup’s board of directors has approved a proposal to hike the chartercapital of electric taxi subsidiary GSM by no more than 5% this year.
VinFast to break ground on $2B factory in India
Vietnamese electric vehicle maker VinFast plans to build a US$2 billion factory in the southern Indian state of Tamil Nadu, with groundbreaking scheduled for this Sunday.
February 21, 2024 | 10:56 pm PT
Ford cuts F-150 Lightning production as EV demand softens
Ford Motor said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) has been lower than expected.
January 19, 2024 | 07:31 pm PT
China Evergrande's electric car unit says vice chairman detained, stock slides
China Evergrande New Energy Vehicle Group said on Monday its Vice Chairman Liu Yongzhuo has been detained and is under criminal investigation, sending its stock tumbling and marking another setback after a share sale plan was scrapped.
January 8, 2024 | 02:54 am PT
Vietnam's first electrified vehicle exhibition to commence in Hanoi
Vietnam is set to host its inaugural exhibition focused on electrified vehicles in Hanoi, scheduled for January 13-14, 2024.
December 29, 2023 | 12:39 am PT
Vietnam's cheapest EV even cheaper
Wuling Hongguang Mini EVs, already the cheapest electric vehicle (EV) on the market at VND239 million (US$9,500), is now VND15 million cheaper.
November 15, 2023 | 05:52 pm PT
US electric-vehicle sales hit record high, Tesla loses market share, report says
Electric vehicle (EV) sales in the United States jumped to more than 300,000 for the first time in the third quarter, but industry leader Tesla's market share slipped to the lowest on record, a report by Cox Automotive showed on Thursday.
October 13, 2023 | 04:18 am PT
Vespa accepts bookings for electric scooter
Vespa retailers in HCMC are accepting deposits for the all-electric Elettrica scooter scheduled to be rolled out at the end of this year.
September 18, 2023 | 09:57 pm PT
China's gasoline demand peak nears as EV boom hastens transition
China's demand for petrol is likely to peak as early as next year as electric vehicle sales soar, several analysts say, bringing forward an energy transition milestone for the world's biggest polluter and a headache for global refiners.
July 27, 2023 | 10:41 pm PT
Tesla may keep cutting prices in 'turbulent times', Musk says
Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in "turbulent times", even as his all-out price war on automaker rivals squeezes the company's own margins.
July 19, 2023 | 07:59 pm PT
Vietnam EV maker VinFast sees sales boom, path to breakeven
Vietnam's VinFast expects to sell as many as 50,000 electric vehicles (EVs) this year, an almost seven-fold increase over 2022 as it ramps up exports to North America and starts shipping to Europe, the company's founder said on Wednesday.
May 17, 2023 | 02:27 am PT
Battle for China's electric SUV market heats up at home and abroad
China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD.
May 8, 2023 | 01:03 am PT
Indonesia lowers VAT on electric vehicles to 1%
Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts to attract investment into domestic production,
April 3, 2023 | 12:57 am PT
Tesla touts plans to halve vehicle production costs
Tesla Inc will cut vehicle assembly costs by half in future generations of cars, engineers told investors on Wednesday, outlining design and factory efficiency gains.
March 1, 2023 | 04:49 pm PT
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