Oil giant Exxon Mobil plans to become one of the biggest suppliers of lithium for electric vehicles.
Browsing: Volkswagen
The announcement of a long-awaited electric vehicle policy by government is expected in early November.
The gridlock affecting work permit applications in South Africa is limiting expansion here by German companies.
Porsche will spend more than €20-billion to equip models with top-line electric and digital technology to bolster returns.
Tesla’s stock tumbled nearly 10% on Thursday after CEO Elon Musk signalled the electric vehicle maker will keep cutting prices.
Having just unveiled the ID. 2all, Volkswagen is already making plans for an even cheaper EV.
Volkswagen plans to invest €180-billion over the next five years, with spending on combustion engines to decline from 2025.
Gigantic aluminium die casting machines are helping car makers to simplify manufacturing and cut costs by up to 40% in some areas.
Introducing EVs into the domestic market makes little sense while South Africa remains dependent on fossil fuels for power generation, a VW executive said.
Apple has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car’s target launch date by about a year.