BYD plans US$10bn EV plant in Hyderabad
China-based electric vehicle maker BYD has planned a US$10bn investment to set up a manufacturing facility in Hyderabad, India, according to a 20 March report by The Philox. The company….
Tag: #China
Umicore signs pCAM supply deals with CNGR, E&D
Belgium-based battery materials producer Umicore has signed mid-to-long-term supply agreements for precursor cathode active materials (pCAM) with CNGR, a Chinese battery materials company, and Eco&Dream (E&D), a South Korea-based pCAM….
NIO’s repurchase right notification for convertible senior notes
SHANGHAI, 4 January 2024: NIO Inc, a pioneer in premium smart electric vehicles, has revealed a significant update regarding its 0.00% Convertible Senior Notes due 2026. This announcement encompasses essential….
CBL’s $420M Investment sparks growth in Indonesia’s EV battery sector
INDONESIA, 25 December 2023: In a significant development for Indonesia’s electric vehicle (EV) battery industry, Ningbo Contemporary Brunp Lygend (CBL), a prominent Chinese EV battery company, has committed a substantial….
Lotus powers up with new electric vehicle charging solutions
LONDON, 30 November 2023: In a significant move towards its Vision80 strategy of becoming an all-electric global luxury technology brand by 2028, Lotus has unveiled its innovative electric vehicle (EV)….
Stellantis now invests $1.5B in Leapmotor, bolstering global ev business
AMSTERDAM, 26 October 2023: Stellantis NV and Leapmotor are joining forces in a strategic partnership that involves a substantial investment of approximately USD 1.58bn (€1.5bn). This investment marks Stellantis as….
Xpeng drivers in ten cities can now get insurance from Cheche Group
BEIJING, 3 October 2023: Cheche Group Inc, China’s leading auto insurance technology platform, is deepening its collaboration with Xpeng Inc, a trailblazing Chinese smart electric vehicle (EV) manufacturer. This partnership….
Ford now suspends work on Michigan EV battery plant over UAW strike
MICHIGAN, 26 September 2023: In a significant development within the automotive industry, Ford has decided to halt progress on its ambitious USD 3.5bn electric vehicle (EV) battery plant in Michigan…..
LG Chem invests in Morocco with new LFP cathode plant
SEOUL, 25 September 2023: In a significant strategic move, LG Chem, in partnership with China’s Huayou Group, is venturing into the lithium-phosphate-iron (LFP) cathode materials business. This collaboration also includes….
BYD India’s Atto 3 electric SUV sees strong demand, festive season sales expected to soar
MUMBAI, 20 September 2023: BYD India, the Indian subsidiary of China’s auto powerhouse BYD, has made waves by delivering a whopping 200 Atto 3 electric SUVs in a single day….