SparkCharge raises USD 30.5 million for mobile EV charging expansion On May 21, SparkCharge, the world’s largest off-grid EV fleet charging network and creator of the first mobile, off-grid EV charger, announced the close of a USD 15.5 million Series A-1 funding round led by Monte’s Fam and USD 15 million venture loan facility provided by Horizon Technology Finance Corporation, totaling USD 30.5 million. SparkCharge will use the funding to ex...

News  Updated at: 2025/05/23

Ford may share BlueOval SK EV Battery Park production with Nissan Ford and SK On’s joint-venture BlueOval SK Battery Park site in Kentucky was originally planned to have two operational plants on its large campus, which would employ 5,000 people. However, with slower demand for EVs, the two companies had chosen to only utilize one of those plants and hire 2,500 workers in the interim, with production currently scheduled to begin soon.  Recent ...

News  Updated at: 2025/05/22

Hyundai breaks ground on first car plant in Middle East On May 14, Hyundai held the groundbreaking ceremony of Hyundai Motor Manufacturing Middle East (HMMME), its joint venture with PIF, a sovereign wealth fund of Saudi Arabia, at the newly launched King Salman Automotive Cluster in King Abdullah Economic City (KAEC). The HMMME plant will be Hyundai’s first manufacturing facility in the Middle East, with PIF owning a 70% stake and Hyundai hold...

News  Updated at: 2025/05/15

Asahi Kasei to begin separator production at JV plant with Honda in FY2027 as scheduled On May 13, in response to Honda Motor Co., Ltd. (Honda)’s announcement about the decision to postpone an electric vehicle (EV) production project in Canada for two years, Asahi Kasei Corporation (Asahi Kasei)’s public relations department commented about a new plant that the two companies will jointly establish to manufacture separators for lithium-ion bat...

News  Updated at: 2025/05/15

lion units, up 7.9% y/y. Luxury car retail sales volumes totaled 170,000 units, down 18% y/y. Retail sales volumes of domestic brands totaled 1.15 million units, up 31% y/y. Domestic brands had a market share of 65.5% of the total, up 8 percentage points y/y Retail sales volumes of mainstream joint venture brands totaled 440,000 units, down 3% y/y. Specifically, German brands had a retail share of 15.6%, down 3.4 percentage points y/y; Japanese b...

News  Updated at: 2025/05/14

EVIQ partners with Lotus Cars KSA for EV charging solutions in Saudi Arabia On May 4, the Electric Vehicle Infrastructure Company (EVIQ), a joint venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC), partnered with Lotus Cars KSA, a leading global manufacturer luxury sports cars, to provide advanced charging solutions specifically designed for Lotus customers across Saudi Arabia. Based on EVIQ and Lotus Cars K...

News  Updated at: 2025/05/05

LG Energy Solution establishes battery recycling joint venture with Derichebourg LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., announced that it has established a joint venture with Derichebourg (DBG), a French metal waste recycling and environmental service company, to set up a battery recycling business. This joint company will manufacture black mass utilizing battery scrap supplied by LG En...

News  Updated at: 2025/05/05

Capital Smart Motors signs MoU with Geely launch its EVs in Pakistan On April 30, Capital Smart Motors (CSM), Pakistan signed a memorandum of understanding (MoU) with the Chinese brand Geely. This partnership will introduce Geely’s New Energy Vehicle (NEV) brands, including Zeekr, Riddara, and Farizon, to the Pakistani market. Geely Zeekr is an electric vehicle brand offering electric sedans and crossovers. Geely Riddara provides EV pickup truc...

News  Updated at: 2025/05/02

Uno Minda, India to invest INR 4.23 billion in high-voltage EV powertrain manufacturing On April 30, Uno Minda Limited announced that its board of directors has approved the detailed project report (DPR) for an INR 4.23 billion project to develop and manufacture high-voltage electric vehicle (EV) powertrain products. The project will be executed through a joint venture between Uno Minda and Suzhou Inovance Automotive Co., Ltd., along with its sub...

News  Updated at: 2025/04/30

MG4 EV hatchback to feature intelligent cockpit developed by SAIC Motor, OPPO On April 23, SAIC-MG announced that its MG4 EV hatchback is about to feature an intelligent cockpit developed by SAIC Motor in deep collaboration with OPPO. On April 9, SAIC Motor signed an agreement on deepening strategic cooperation with OPPO. Under the agreement, cooperative products between the two companies for vehicle-machine integration will be fully applied to m...

News  Updated at: 2025/04/30

Auto Shanghai 2025: MG Motors to distribute IM Motors EVs in Pakistan On April 28, MG Pakistan announced its appointment as the official distributor for IM Motors (Intelligence in Motion) during the Shanghai Auto Show 2025. IM Motors is a Chinese electric vehicle (EV) brand established in 2020 through a joint venture between SAIC Motor, Zhangjiang Hi-Tech, and Alibaba Group. The brand focuses on automotive design with advanced artificial intellig...

News  Updated at: 2025/04/29

LG Energy Solution and Derichebourg plan battery recycling plant in France On April 29, LG Energy Solution announced plans to establish a joint venture with Derichebourg, the French leader in metal waste recycling, to build a state-of-the-art battery recycling plant.  Construction will begin in 2026 in Bruyères-sur-Oise in northern France, with operations scheduled to commence in 2027. This is LG Energy Solution’s first battery recycling join...

News  Updated at: 2025/04/29

EVIQ partners with Mercedes-Benz and JACO to expand EV charging network across Saudi Arabia On April 28, the Electric Vehicle Infrastructure Company (EVIQ), a joint venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC), partnered with Mercedes-Benz KSA and Juffali Automotive Company (JACO) to build high-speed charging network across the Saudi Arabia. The collaboration will enable Mercedes-Benz EV owners to acce...

News  Updated at: 2025/04/29

Folofly and ASF enter into capital alliance to start OEM supply and joint development of commercial mini EVs An electric vehicle (EV) venture, Folofly Inc. (Folofly, Shimogyo Ward, Kyoto Prefecture), announced on April 24 a capital alliance with a commercial mini-EV manufacturer, ASF Co., Ltd. (Chiyoda Ward, Tokyo). The size of the investment in ASF has not been disclosed. This will allow Folofly to purchase the ASF 2.0 on an OEM basis, and the c...

News  Updated at: 2025/04/25

LG Energy Solution suspends EV value chain project in Indonesia Several South Korean media sources reported that LG Energy Solution Ltd., an electric vehicle (EV) battery manufacturing subsidiary of LG Chem Ltd., had withdrawn from a project the company had been pursuing to set up an electric vehicle (EV) value chain in Indonesia. In 2022, the company formed a consortium with South Korean companies, such as LG Chem, LX International, and Posco Ho...

News  Updated at: 2025/04/24

Ltd. (Nippon Shokubai) will boost its capacity of producing electrolytes for use in automotive lithium-ion batteries. The company plans to increase the electrolyte production capacity in Japan, the U.S., and China to approximately 10 fold by fiscal year 2030 (ending in March 2031) from the FY 2024 level. In addition to establishing a new plant in Wakamatsu Ward, Kitakyushu City, Nippon Shokubai will boost the production capacity at its joint vent...

News  Updated at: 2025/04/24

TomTom, Netherlands to provide navigation solutions to Smart global EV models On April 23, TomTom announced that it has been selected by smart, a global joint venture between Mercedes-Benz AG and Geely Auto Group, to provide advanced full-stack navigation solutions for smart’s in-vehicle infotainment systems across international markets. In the partnership, TomTom enhances the driving experience for smart #1, #3, and #5 models by providing indu...

News  Updated at: 2025/04/23

Auto Shanghai 2025: Mazda unveils all-new EZ-60 electric SUV On April 23, Mazda Motor announced that the all-new MAZDA EZ-60, a midsize electric crossover SUV, was unveiled at the 21st Shanghai Auto Show by Changan Mazda Motor Corporation (Changan Mazda), the joint venture between Mazda and Chongqing Changan Automobile Co., Ltd. (Changan Automobile). The all-new MAZDA EZ-60 is the second electric vehicle model (New Energy Vehicle) developed and m...

News  Updated at: 2025/04/23

LG exits Grand Package battery deal in Indonesia, while HLI joint venture continues Reported on April 22, 2025, LG Energy Solution has announced its withdrawal from the ambitious “Grand Package” electric battery project in Indonesia, a multibillion-dollar initiative aimed at establishing a local EV battery supply chain. The company cited various concerns, including challenges related to the investment environment. The South Korean company sig...

News  Updated at: 2025/04/23

GM has no plans to move EV production from Mexico On April 21, General Motors has confirmed that it has no plans to move EV production from Mexico to the U.S., despite steep U.S. tariffs. “At this time, GM has no plans to halt or relocate production of any of our EV models made in Mexico,” said the  director of GM de México’s EV operations, Adrián Enciso,  to local media. The Ramos Arizpe plant will continue producing the Chevrolet Equi...

News  Updated at: 2025/04/23