MG Motor envisages a quarter of its total sales coming from electric vehicles by the end of fiscal 2023, the report added.

The gigafactory, which is crucial to Elon Musk's ambitions to vanquish European market leader Volkswagen, was supposed to open last summer

The plan to terminate 50 employees was approved on February 21 as the company said it was looking to focus on its core business and become leaner

The Japanese giants said they plan "high value-added battery electric vehicles" and "commercialise them in conjunction with providing mobility services"

Macquarie Asset Management says it will support Roadchef in developing and accelerating the rollout of fast-charging infrastructure for electric vehicles

Panasonic is looking at building the factory, to cost several billion dollars, in either Oklahoma or Kansas, according to the Japanese outlet

Qin made the remarks during a visit to BYD's plant in Lancaster, southern California, where he was joined by more than 300 US workers

The Indian automaker, owned by China’s SAIC Motor, is reportedly talking to private equity funds ahead of a major electric vehicle production drive

Japanese chipmaker Renesas Electronics said on Thursday it will set up a design centre with Tata Elxsi to jointly develop electric vehicle technology as the appetite for EVs grows

Conventional internal combustion operations will be known as "Ford Blue" while EV products will be run through "Ford Model e"

More than $16 billion will go toward its EV businesses, such as plants and charging stations. Seoul automaker will target annual sales of 1.8m vehicles

Last month, Faraday said it had identified certain inaccurate statements made by its employees to investors and announced changes in its leadership structure