Nissan Motor Co., Ltd. Chief Financial Officer (CFO) Stephen Ma said at the Shanghai auto show on Wednesday that the company will commit around $1.4 billion to China by the end of 2026.Nissan, which sold fewer than 700,000 cars in China last year, is determined to reverse this trend by launching...
Ford Motor Company said on Thursday that it is ready to postpone a $12 billion investment in electric vehicles until the customers show more confidence in increasing the demand.
After releasing the latest results for the third quarter, Chief Financial Officer John Lawler noted that the...
Hyundai Motor Group and LG Energy Solution announced on Friday that they signed a memorandum of understanding to produce electric vehicle batteries in the United States. The joint venture is worth $4.3 billion and the two companies plan to build a plant in Georgia, adjacent to Hyundai's...
Volkswagen Group announced on Tuesday that it will invest around €1 billion in a new center for development, innovation, and procurement in the Chinese city of Hefei. The facility, called 100%TechCo, is expected to open in early 2024 and employ 2,000 people. It will be led by Volkswagen Group...
LG Electronics Inc. expects that its electronic vehicle unit will make $7.8 billion in sales this year, company executives said at the CES 2023 tech event in Las Vegas. "Our EV business has made a turnaround 10 years after we entered the market," CEO Cho Joo-wan said.
Cho added that LG is seeing...
Volkswagen of America CEO Scott Keogh told CNBC on Wednesday that the company is actively in the process of looking to set up new electric vehicle assembly and battery factories in the United States.
“We are actively in the process of looking at another production facility and also looking at a...
General Motors Company's (GM) Buick and GMC Global Vice President Duncan Aldred told CNBC on Tuesday that the company is planning to increase the production of electric Hummer pickups and sport utility vehicles (SUVs) as the reservations for those models have surpassed...
Qualcomm Technologies announced on Monday that the company will work with the Renault Group and Google to design a "rich and immersive in-vehicle experience" for Renault's next-generation electric vehicle, the Megane E-TECH Electric, unveiled at IAA Mobility 2021 in Munich.
The...
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