Electric vehicles (EVs) have become more affordable lately, and a big reason is the falling prices of their batteries. Market research firm TrendForce announced that in August, there was a notable 10% decrease in battery costs for both EVs and…
In a groundbreaking move, China’s prominent electric vehicle (EV) battery producer, BYD Co Ltd, is reportedly joining forces with South Korea’s KG Mobility Co Ltd to construct an EV battery plant in South Korea. Both companies aim to “secure stable…
There’s big news in the electric vehicle (EV) world. General Motors (GM), the automotive giant, revealed on Wednesday its latest strategic move: a hefty $60 million investment in Mitra Chem, a budding Silicon Valley startup. What’s the deal with Mitra…
Subaru, the renowned Japanese automaker, has revved up its efforts in green energy by setting an ambitious target. The company aims to sell 600,000 battery electric vehicles (EVs) annually by 2030, making up half of its global sales. This move…
Oil titan Exxon Mobil is venturing into the electric vehicle (EV) industry, looking to supply lithium to leading automakers, according to Bloomberg Law. Talks are underway with major players such as Tesla, Ford, and Volkswagen, among others. The negotiations also…
In a groundbreaking development, Michigan-based company Our Next Energy (ONE) has announced a partnership with BMW that could revolutionize electric vehicle (EV) technology. They’re working on a new battery, coined the Gemini, that boasts the ability to power a vehicle…
Potentially revolutionizing the electric vehicle (EV) landscape, Nyobolt’s new concept car, featuring Lotus Elise-based design and high-speed charging technology, might to take the EV world by storm. The Elise’s original designer, Julian Thomson, worked on this exciting project, transforming the…
