Billionaire Elon Musk has called on his employees not to be distracted by the current market "craziness", assuring them that Tesla will one day become the world's most valuable company.
SMIC has developed a 7nm semiconductor, placing the Chinese behemoth in the league of Intel and others.
Ford plans a compound annual growth rate for electric vehicles to top 90 percent through 2026, more than doubling the forecast industry growth rate.
Hyundai will soon begin construction of an electric vehicle and battery plant in the state of Georgia, aiming to be the third-largest provider of electric vehicles in the US by 2026.
Demand for key rare earths used in electric vehicle batteries is higher than ever, while pandemic-driven shortages drive prices higher and increase government involvement.
Elon Musk has said that Tesla will soon start to build vehicles designed to be robotaxis and also announced "a massive wave of new products" set for next year.
Countries like India, Indonesia and Brazil possess some energy infrastructure to support two-wheeler electric vehicles but they don't have enough resources to make a full-scale transition to electric-run transportation.
The Japanese firm is set to launch a company that will explore the growing electronic vehicle market.
The subsidy cuts will begin with 30 percent at the beginning of the year and all will be scrapped completely by year's end in response to booming sales.
"We will make our entire fleet CO2 neutral by 2050 at the latest," says senior official of German carmaker.
Jaguar Land Rover aims to achieve net zero carbon emissions across its supply chain, products and operations by 2039.
In 2020, electric vehicle sales in the Nordic country accounted for 54.3 percent of the new car market, up from 42.4 percent in 2019, new data shows.
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