VENTURE CAPITAL POST

A recent McKinsey survey reveals nearly 30% of global EV owners, with 46% in the U.S., are considering switching back to gasoline cars due to dissatisfaction with charging infrastructure and battery performance.

General Motors (GM) has secured a $500 million grant from the US Department of Energy to support the production of EVs at its Lansing Grand River Assembly plant.

Tesla has increased the price of its Model 3 cars in European countries like Germany, the Netherlands, and Spain.

China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.

Tesla has achieved a milestone as the first foreign-owned electric vehicle brand to be included in a Chinese government procurement list.

BYD, China's largest electric vehicle maker, has opened its first factory in Southeast Asia in Thailand, marking a strategic move into the region's growing EV market supported by government incentives.

Cheap Chinese electric vehicles potentially entering the US market via Mexico have sparked profitability concerns among US automakers and policymakers.

German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.

China and the European Union (EU) have agreed to negotiate on proposed tariffs on Chinese EVs amid ongoing tensions.

China has invested $230.8 billion over a decade to boost its electric vehicle (EV) industry, with this support constituting 18.8% of total EV sales between 2009 and 2023.

Germany is urging China to take decisive steps regarding tariffs on imported electric vehicles (EVs).

The influx of Chinese electric vehicles into the Australian car market, potentially reaching up to 50 brands by 2030.

Volvo has reportedly started moving production of EVs to Belgium in anticipation of the European Union's impending taxes on China-made cars.

Toyota unveils plans to revolutionize the traditional internal combustion engine, integrating it with green fuels and electric motors in hybrids.

Future hybrid cars from Toyota will have futuristic engines running on green fuels, challenging electric vehicles and aiming to reduce carbon emissions from the automotive industry.