Sweden’s Polestar, the electric automaker controlled by Volvo Cars, and its parent, Geely, has raised $550 million in external funding, according to the company. The financing is Polestar’s first external
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China’s Xiaomi said Tuesday that it will spend $10 billion over the next decade in a subsidiary dedicated to the “smart electric vehicle business”. The company said in a stock
Geely Automobile Holdings said on Tuesday it and its parent Zhejiang Geely Holding Group will establish a joint venture for electric vehicles (EV) and introduce a new brand called Zeekr.
Baidu Inc and Geely Holding hired Mobike co-founder and former chief technology officer Xia Yiping as chief executive of their new electric vehicle venture. Baidu last month had said it
US President Joe Biden has said he wants to replace vehicles in the current government fleet with electric vehicles that are made by Americans in the country itself. It is
Volta Trucks and the Petit Forestier Group, the well-known name in European refrigeration rentals, are now working together to make a refrigerated 100% electric commercial vehicle available for rental from
Ford Motor has reversed course and is now thinking about making its own battery cells as sales volumes of electric vehicles increase around the world, the automaker’s top executive said
Ford Motor said on Tuesday it prepares to hire 350 more U.S. workers to expand production capacity for its electric F-150 pickup truck in Michigan and add assembly of electric
Tesla Inc said on Monday it would begin exporting China-made Model 3 cars to over 10 European nations this month, joining an increasing number of automakers using China as an
Since the introduction of the first car in 1885 by Gottlieb Daimler and Wilhelm Maybach, based on the internal-combustion-engine, the auto industry has been continuously evolving, optimizing cars to be
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