General Motors

General Motors Secures 100% Energy Needed to Achieve RE Goal

Auto giant General Motors has announced the finalization of energy sourcing agreements required to secure 100% of the energy needed to power all its US facilities by 2025. This is in line with the accelerated target which is five years ahead of the 2030 target announced in early 2021. Through this, GM expects to avoid […]

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GE Signs Deal With Arafura, Eyes Rare Earths For EV & Wind Turbines

Arafura Resources Limited and GE Renewable Energy have signed an MoU to forget a partnership in the set up of a sustainable supply chain for Neodymium-Praseodymium (NdPr) central to energy transition. The parties are looking at negotiating a long-term sales agreement for GE to purchase NdPr from Arafura’s Nolans Project in central Australia. The agreement […]

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BYD Overtakes Tesla on EV Leaderboard To Become World’s Biggest EV Producer

China’s BYD has seized Tesla’s crown as the world’s biggest EV producer. This comes as a consequence of the number of sales reflected in the first six months of 2022, as per July 5 filing by the company. The Shenzhen-based carmaker sold about 641,000 new energy vehicles (NEVs), including electric vehicles and hybrids, in the […]

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LG Secures $6.1 Bn Worth Orders For EV Parts In H1 2022

South Korean company LG Electronics has revealed securing $6.1 billion worth of new orders for electric vehicle (EV) parts and solutions. This figure is from the first half of 2022 and signifies that the company’s new growth engine is making headways. The fresh orders are believed to be for invehicle infotainment system and its telematics […]

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Under Pressure Honda Signs JV With Sony To Sell EVs By 2025

Japanese Consumer durable, Sony has signed an agreement with automobile major Honda Motor on June 16 to equally own a joint venture that will start selling electric cars in 2025. Both the companies will invest 5 billion yen ($37.52 million) each in the JV, first announced in March this year and named Sony Honda Mobility. […]

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US Automakers Want Congress To End Tax Credit Cap On Electric Vehicles

The American electric vehicle manufacturers are devising means that could help the faster adoption of electric vehicles and seamless growth of the EV sector in the USA at a time when the European and Chinese electric vehicle markets are booming. In a fresh development, Chief Executive Officers of General Motors, Ford Motor, Stellantis and Toyota […]

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Honda, GM Come Together to Roll Out Affordable EVs from 2027

Global auto giants Honda Motor and General Motors have announced that they will collaborate to develop affordably priced electric vehicles and enable global production of millions of EVs starting in 2027, including compact crossover vehicles by leveraging technology, design and sourcing strategies of the two companies. The idea is to find economies of scale and lower […]

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The World’s Top 5 Automakers and their EV plans

The global automotive market is pushing for electric mobility at record rates. In a world there are literally hundreds of start-up automotive firms promoting electric mobility solutions, the electric plans of the world’s top 5 automakers deserve special focus. The automobile, since its inception in 1885 by German engineer Carl Benz, has certainly taken the […]

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