Electric Vehicles

Foxconn recognizes the need to be a major player in the global EV market

Foxconn, the Taiwanese contract manufacturer, is aiming to replicate its success in the smartphone industry…

How the world’s top automakers are electrifying their vehicles towards net zero

Automakers around the world are racing to electrify their vehicles as they pursue strategies to…

Suppliers brace for Musk’s request for givebacks as Tesla sparks electric vehicle price battle

Suppliers of Tesla Inc are preparing for increased pressure from CEO Elon Musk and the…

The rise in electric vehicle adoption overwhelms the global automotive industry

The recent leadership change at Toyota Motor, the urgency for Renault and Nissan Motor to…

EV maker Rivian to lay off 700 staff members

According to a Bloomberg article, 700 out of Rivian’s 14,000 employees, or around 5 percent,…

Tesla issues recall to fix vehicles with overheating malfunctions

Tesla is recalling 130,000 cars due to an issue causing the CPU in vehicles’ infotainment…

Mubadala & Engie sign preliminary agreement to establish EV charging platform in the UAE

Mubadala Investment Company, Abu Dhabi’s strategic investment arm, signed a preliminary agreement with French utility Engie to…

Swedish brand Polestar and Al-Futtaim Automotive collaborate to launch electric vehicles sales in the UAE

It is true that Al-Futtaim Automotive, one of the UAE’s main vehicle distributors, teamed up…

Egypt plans to manufacture $20,000 electric vehicles in green push

Egypt is joining the Middle East’s push to adopt electric cars with a state-owned company…

Elon Musk sells $5billion of Tesla shares after Twitter poll

Tesla chief executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings, just…