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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).
China's oil majors face uphill climb to adapt to EV future
Tucked away on a side road in suburban Beijing, the Xiaowuji battery charging station opened by Sinopec in December 2023 offers a glimpse of China's post-gasoline future.
Automakers face 'daunting' task to meet 2032 EV rules, industry says
Automakers face "daunting" government regulations to sell half of new vehicles by 2030 as electric or plug-in hybrids despite a U.S. decision to soften the final rules over its initial, tougher proposal, a top industry official said on Wednesday.
March 27, 2024 | 06:44 pm PT
Panasonic puts productivity boost ahead of new EV plant in US
Panasonic's battery business must focus on boosting productivity, Group CEO Yuki Kusumi told Reuters, signalling the Tesla supplier may hold off building a third battery plant in North America as demand for electric vehicles cools.
January 21, 2024 | 09:18 pm PT
Honda considers $14B plan for EV production in Canada
Honda Motor Co is considering building an electric vehicle plant in Canada in a near-2-trillion-yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan's Nikkei news group reported on Sunday.
January 7, 2024 | 06:23 pm 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 eyes EV partnership with Turkey
Turkey and Vietnam have agreed to boost the partnership between their private sectors in manufacturing electric vehicles at a recent high-level meeting.
November 30, 2023 | 10:25 pm PT
US, Indonesia to discuss potential for deal on EV minerals
The United States and Indonesia on Monday will discuss how to advance a potential minerals partnership aimed a stimulating trade of the electric vehicle (EV) battery metal nickel, according to three people with direct knowledge of the conversations.
November 12, 2023 | 07:24 pm PT
Toyota lobbies India to cut hybrid-car taxes as much as 21%
Japan's Toyota Motor is lobbying the Indian government to cut taxes on hybrid vehicles by as much as one-fifth, arguing they are far less polluting than petrol cars but do not get commensurate policy treatment, a company letter shows.
October 22, 2023 | 08:21 pm PT
EU to assess punitive tariffs on Chinese electric cars
The European Commission started an investigation on Wednesday to into whether to impose tariffs to protect the European Union against Chinese electric vehicle (EV) imports benefiting from state subsidies.
September 13, 2023 | 02:39 am PT
Electric vehicle adoption to quadruple by 2030
Vietnam’s electric vehicle adoption, which was 2.9% last year, can surge to 13.6% by 2030 thanks to a boost in production from both domestic and foreign companies, a report has said.
August 8, 2023 | 10:07 pm PT
Electric car buyers should get $1,000 cash incentive: transport ministry
The Ministry of Transport has proposed a cash incentive of around US$1,000 for electric cars to induce consumption of the vehicles.
August 3, 2023 | 11:13 pm PT
China-led EV boom in Thailand threatens Japan's grip on key market
Thailand's Siam Motors partnered with Nissan Motors in 1962 with a factory that rolled out four cars a day, leading to a profitable, decades-long relationship with Japanese companies that transformed it from a car dealer to an automotive pioneer.
July 10, 2023 | 01:29 am PT
Foxconn to invest $250M to make EV, telecom parts in Vietnam
Foxconn (2354.TW) is set to invest about $250 million in two new projects in Vietnam, including for the production of components for electric vehicles (EVs), the world's largest contract electronics assembler and local authorities said on Friday.
June 30, 2023 | 03:00 pm PT
US can't yet compete with China on EVs, Ford chairman tells CNN
Ford Motor (F.N) Executive Chairman Bill Ford said the United States was not ready yet to compete with China in the production of electric vehicles.
June 18, 2023 | 08:58 pm PT
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