VENTURE CAPITAL POST

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.

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.

Canada declared that it was considering tariffs on Chinese electric cars to support its allies, the US and EU.

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

The first electric vehicle (EV) of Ferrari reportedly has a hefty price tag of over $500,000.

Fisker filed for bankruptcy after purchase talks with a multinational automaker failed.