Monarch Tractor CEO Praveen Penmetsa recently announced that it has raised $133 million through its Series C funding.

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.

Volkswagen is partnering with QuantumScape to develop solid-state batteries for future vehicles, aiming to enhance the energy storage capacity and safety of 1 million electric vehicles per year.

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.

European tariffs have reportedly slowed China's electric and plug-in hybrid vehicle export growth by 20-30% in recent months.

Major South Korean battery producer SK On is in crisis amid weak electric car sales of its clients in the US and Europe.

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

Tesla delivered 444,000 electric cars in the second quarter, above experts' expectations. Tesla vehicles are seen on a lot at a Tesla dealership on December 13, 2023 in Austin, Texas.

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