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General Motors Launches European All-Electric Venture with Cadillac LYRIQ

General Motors Launches European All-Electric Venture with Cadillac LYRIQ

General Motors introduces the all-electric Cadillac LYRIQ to Europe, commencing in Switzerland. This expansion underscores GM's dedication to sustainability and luxury in the electric vehicle market, representing a major step towards a greener automotive future.

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Inflation Reduction Act Spurs $92 Billion Investment and 84,000 Jobs in U.S. EV Manufacturing: Report

The Inflation Reduction Act fuels a $92 billion surge in U.S. electric vehicle manufacturing, generating 84,000 jobs. This comprehensive legislation positions the nation as a global leader, driving innovation and economic growth in the rapidly evolving EV industry.

India's Epsilon Advanced Materials to Invest $650M in U.S. Battery Materials Manufacturing Facility

Epsilon Advanced Materials (EAM) to invest $650 million in a North Carolina EV battery facility, creating 500 jobs and targeting 1.10 million EVs by 2030, addressing supply chain challenges.

Saudi's PIF and Hyundai Forge Strategic Joint Venture to Produce 50,000 Electric and ICE Vehicles Annually

PIF and Hyundai establish a strategic joint venture to build an advanced auto manufacturing plant in Saudi Arabia. With PIF holding a 70% stake, the project plans to produce 50,000 ICE and EVs annually, fostering job creation and knowledge transfer, and advancing the Kingdom's automotive industry.

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Automotive Industry 2030

In recent years, the automotive industry has witnessed a significant upsurge in production and sales mainly owing to increased demand in emerging markets. At the same time, disruptive technologies are opening a new avenue for the industry, with the focus steadily shifting towards segments such as autonomous vehicles, electric vehicles

List of countries planning to phase out fossil fuel vehicles

With the rise of renewable energy and the popularity surrounding sustainable goals, several countries across the world have laid out ambitious plans to eliminate fossil fuel-powered automobiles. Currently, the automotive industry is believed to contribute around 24% of global CO2 emissions, according to Johann Wiebe, Thomson Reuters. Reducing greenhouse gas

Lamborghini Reveals its Electrification Strategy

In an official video released by the company, CEO Stephan Winkelmann announced the brand’s plan to bring electric assistance to every single of the brand’s models by 2024 and put its first ever EV on the road before 2025. The Highlights of the three phase Lamborghini’s roadmap:

New research projects electric vehicles to be cheaper than fossil fuel vehicles by 2027

As the global auto industry is seeing exponential growth in the electric and hybrid vehicles segment, a new research by BloombergNEF outlines that EVs will be cheaper to produce than conventional gasoline vehicles across Europe within the next six years. The study reveals that battery electric vehicles could reach 100%

List of Countries Leading The Way In EV Adoption

The global electric vehicle market has gained popularity owing to numerous technological advancements and has taken a huge leap forward in the past decade. The adoption rate of electric vehicles is increasing and authorities around the world are looking to increase the number of low and zero-emission vehicles on their

Battery Materials In Africa

Approximately 30% of the world’s mineral reserves lie in Africa, many of which are mined as raw materials for batteries. Battery raw materials are a collection of minerals that are used to produce the basic components that make up a battery. These minerals include cathode materials such as lithium,

Rare Earth Deposits In Africa

Rare earth elements (REE) are critical and strategic metals used for several commercial purposes. Also known as the lanthanides, the rare earth elements (REE) are a set of seventeen metallic elements from scandium (Sc, atomic number 21), yttrium (Y, atomic number 39), and the 15 additional elements numbered 57 to