Mercedes, Stellantis to work with US firm on new batteries

Automakers Mercedes-Benz and Stellantis announced agreements with U.S. company Factorial Energy on Tuesday to help develop solid-state battery technology that they hope could make electric cars more attractive to a mass market.

Automotive

Tesla's market value tops $1T after Hertz orders 100K cars

Hertz announced Monday that it will buy 100,000 electric vehicles from Tesla, one of the largest purchases of battery-powered cars in history and the latest evidence of the nation's increasing commitment to EV technology.

Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

Business

Apple supplier Foxconn unveils electric vehicles

Taiwanese tech giant Foxconn unveiled three electric vehicles on Monday, boosting its bid to be a major player in the rapidly expanding EV market as it seeks companies to partner with.

Automotive

Swedish electric carmaker Polestar to go public

Electric car maker Polestar, controlled by Sweden's Volvo Cars and its Chinese owner Geely, said on Monday it plans to go public in a stock market debut that could value it at around $20 billion (17 billion euros).

Energy & Green Tech

Sales of electric cars charge ahead in Europe

Electric cars—key to reducing emissions and meeting climate change goals—have boosted their market share in Europe, data showed Friday, as the region prepares to abandon petrol and diesel.

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