Japan needs to ramp up its production of electric vehicles – or risk a 14% drop in GDP, a Climate Group report has warned, as it lags markets in Europe, China and the US in EV sales

Fourteen of China’s top 15 carmakers reported sales losses last month while EV firm BYD’s April sales surged 138.4%

Nissan's controlling shareholder Renault said in April all options were on the table for separating its EV business, including a possible public listing, as it seeks to catch up with rivals

Wallbox began construction of the 130,000 square foot facility in April, which will go into production in the third quarter of 2022 and is expected to produce 250,000 units in 2022.

Nissan projects sales will climb some 18.7% in this fiscal year, but operating profit will remain flat as higher costs erode margins.

The company plans to spend $1.9 billion over the next five years to ramp up production of gasoline and electric vehicles around 2025 before opening an EV line in a new factory after 2027

Bundling insurance, repair costs and a battery warranty into the deal, Toyota will lease the bZ4X sport utility vehicle (SUV) at the equivalent of $39,000 for the first four years

Japanese auto giant outlines plans to invest in plants to make India a hub for EV parts exports and to supply the local market.

Lucid Group CEO says the company is diversifying its chip suppliers to reduce the risk of supply disruptions as covid lockdowns continue to shutter China's factories.

The US carmaker shipped over 4,700 electric vehicles to Europe on Wednesday, its first exports from the city in almost a month, state media said.

Vingroup Chairman Pham Nhat Vuong tells company's annual general meeting the conglomerate was prioritising spending on VinFast and gave an aggressive car sales target.

Disrupted transport links and restrictions on movement have cut battery manufacturing, research house Antaike said, while carmakers have cut or suspended production