Istanbul, Turkey -- China's electric vehicle giant BYD on Monday signed a one-billion-dollar agreement with Turkey to open a plant in the country in a move that would help it dodge new EU tariffs. The signing ceremony in Istanbul between BYD's CEO Wang Chuanfu and Turkey's industry and technology minister Fatih...

Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an earnings call Thursday, at a time when rivals have been increasing their global footprint, CNBC reported. The nearly 10-year-old company will also start shipping its lowest-cost brand, Firefly, in the...

Paris, France - The French government has been flooded with applications from low-income households to lease a subsidized electric car from 100 euros ($109) a month, Environment Minister Christophe Bechu said on Friday. President Emmanuel Macron unveiled the plan on social media in December as part of efforts to reduce carbon...

The project was announced in April after Tesla chief Elon Musk presented a vague but ambitious plan to investors to turbocharge growth. Company representatives signed an agreement to acquire land for the factory on the outskirts of Shanghai on Friday morning, according to state news agency Xinhua.

Volkswagen has some 675,800 employees worldwide.

Japanese auto giant Nissan will invest up to £1.12 billion.

Brussels is creating a trade armory to protect the bloc from actions by rival countries, including a tool aimed at punishing nations that seek to put pressure on one of its member states. The European Parliament is also set to give its final green light to a mechanism that would allow...

In 2014, the CEO of Tesla and SpaceX visited Japan for a ceremony marking his electric car-making company's full-scale entry to the country's market. During that trip, he briefly met with then prime minister Shinzo Abe, who was gunned down last year.

ABU DHABI, UAE -  Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry here by establishing a technology hub to manufacture autonomous and electric car components in the emirate. The hub will develop industrial solutions to support local electric car startups in Abu...

The price drop is seen as a direct response to cuts by Tesla.

The plant is going to be established in Monterrey.

Revenue climbed by 17 percent to a record US$31.8 billion.

Sales last year advanced eight percent to a record 6,021 cars.

Paris, France - The European Union threatened Monday to take retaliatory measures against the United States for electric car subsidies that favor domestic manufacturers. The 27-nation bloc is upset about Washington's "Inflation Reduction Act", which will see vast spending on green energy initiatives and includes tax breaks for US-made electric...

There is a new sight on the streets of Havana: increasing numbers of electric vehicles whizzing among the old American cars so emblematic of the Cuban capital.

That is 67 percent higher than deliveries in the year-ago period.

The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials to start production at a new plant near Berlin.

Musk, the world's wealthiest person wields impact on Earth with his Tesla electric car company and beyond our planet with his SpaceX rockets.

The electric car is capable of travelling for 335km NEDC on a single battery charge