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electric vehicles

Volkswagen hikes battery cell demand in EV expansion push

Volkswagen hikes battery cell demand in EV expansion push

  • The supply chain update is part of the world's second-largest carmaker's strategy to raise the share of fully electric vehicles in Europe to more than 70% by 2030 at its core brand, details of which were unveiled last week.
  • So far, Volkswagen, which sources batteries from LG Chem , Samsung SDI, SK Innovation and CATL, expects annual demand in Europe to be more than 150 GWh from 2025 and to be at a similar level in Asia.
Updated 11 Mar, 2021 12:48am
Workhorse requests more information from USPS on award decision
Business & Finance

Workhorse requests more information from USPS on award decision

  • Workhorse intends to explore all avenues that are available to non-awarded finalists in a government bidding process.
  • The contract, which could be worth more than $6 billion in total, allows for delivery of between 50,000 and 165,000 of the vehicles over 10 years that will be a mix of combustion-powered and electric vehicles.
Published 24 Feb, 2021 07:37pm
FBR abolishes additional duty
Print

FBR abolishes additional duty

ISLAMABAD: The Federal Board of Revenue (FBR) has abolished additional customs duty on the import of electric...
Published 04 Feb, 2021 04:13am
Biden pick to head Energy Dept faces Senate confirmation hearing
World

Biden pick to head Energy Dept faces Senate confirmation hearing

  • Granholm led a charge to secure $1.35 billion in federal funding for companies to produce electric vehicles (EVs) and batteries in the state.
  • We need to be the leader, rather than passive bystanders, or otherwise we're going to allow other countries like China and others we're fighting to be able to corner this market.
Updated 27 Jan, 2021 11:23pm