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TOKYO -- Toyota Motor announced Friday that it will invest $1.4 billion to start production of electric vehicles at its factory in the U.S. state of Indiana in 2026, increasing its EV capacity in North America.
BEIJING -- Toyota Motor said on Thursday that it is forming a strategic alliance with Chinese internet giant Tencent Holdings, cooperating in artificial intelligence, cloud computing and big data for electric vehicles sold by the Japanese auto company in China.
India is confident that its new electric vehicle policy measures will open up the market to more global players, said the country's secretary of the Department of Promotion of Industry and Internal Trade.
SEOUL -- Hyundai Motor's operating profit fell slightly in the first quarter from the same period a year ago on subdued growth in the global electric vehicle market as hybrid cars find more favor with consumers.
BEIJING — Chinese electric car brand Zeekr is selling more vehicles than Tesla in parts of China, and plans to expand in Europe and Latin America this year, Zeekr CEO Andy An told CNBC on Wednesday.
TOKYO -- Cutthroat competition in China's electric vehicle sector has cast a shadow over the earnings of suppliers like Japanese motor maker Nidec, which is grappling with narrowing margins in the key market.
DETROIT — Sales of Ford Motor trucks and other commercial vehicles led the automaker to beat Wall Street's earnings estimates for the first quarter, offsetting losses of its electric vehicles.
BEIJING (AP) — As auto giant Volkswagen AG races to catch up with upstart Chinese competitors, it has drivers like 26-year-old Ren Yiling in mind.