Toyota Invests in More Electric Vehicle Tech: $13.6B Budget for Car Batteries
With efforts to electrify its vehicle lineup, the Japanese automaker Toyota is investing $13.6 billion in battery technology over the next decade. With government and market pressure for electric vehicles, Toyota joined other vehicle manufacturers in the…
China’s Xiaomi Completes Business Registration of Electric Vehicle Unit | Investing News
SHANGHAI (Reuters) – Chinese smartphone giant Xiaomi Corp said on Wednesday it has completed the official business registration of its electric vehicle unit, marking the latest milestone in its push into the automotive sector. The new unit, to be…
Electric vehicle charger maker Wallbox to establish its first U.S. plant in Arlington
Electric vehicle charging company Wallbox has selected Arlington for its first U.S. manufacturing plant, which will produce hundreds of thousands of car chargers a year by the end of the decade. The Mountain View, Calif.-based company chose Arlington for…
Volvo Invests In Blockchain Startup To Keep Track Of Its Electric Vehicle Raw Material Supply Chain
Swedish automaker Volvo AB (OTC: VLVLY) has invested an undisclosed amount in blockchain startup Circulor, it announced Wednesday. What Happened According to Financial Times, which earlier reported the news, the invested amount is in “high…