The British automaker will issue new shares to Lucid and make cash payments totalling $232m in exchange for battery-electric powertrain components
CYVN Holdings, an investment entity controlled by Abu Dhabi, agreed to buy about 85 million newly issued Class A shares for $738.5m in cash, or $8.72 apiece
The deal is expected to enhance smart and sustainable mobility in Abu Dhabi, and contribute to the development of the city’s transport sector
The system will be available with the future Renault 5, which is expected to go on sale next year
The agreement includes the deployment of 250 electric vehicles, and 100 hybrid vehicles, in line with the UAE’s net zero by 2050 objective
Within a short span of two years since inception, River launched its first product ‘Indie’ an urban electric scooter to rave reviews last February
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
With more than 20 per cent of government car fleets running EVs since 2021, the UAE is leading the way towards the future of electric vehicles in the region
The launch of the Global EV Market is in line with the country’s objective to transition to net zero and set itself up as a global electric vehicle hub
Construction of the EV battery facility will start in the second half of 2023 and production will begin as early as the end of 2025
Ford’s next-generation vehicles, starting in 2025, will have the Tesla charging capability built in
The ride-hailing company will launch EV Uber Green in June in Mumbai, Bengaluru and Delhi
The RTA will auction 350 number plates comprised of two-digit plates for vintage cars, and three, four and five-digit plates for private vehicles
From its all-new carbon fibre lightweight architecture and high-performance hybrid powertrain to its beautiful design and impressive interior – the McLaren Artura aims to impress
The Speed Edition 12 package incorporates a range of distinctive design enhancements
The pricing of Model S sedan and Model X now start at CNY808,900 and CNY898,900, respectively
The Hurtan Grand Albaycin is a two-seater luxury convertible that features a classic design inspired from the 1950s and 1960s era
The latest starting prices of both models are $87,490 and $97,490, respectively
Reports suggest that the UAE ranks eighth globally for readiness in the electric vehicles market and is expected to grow 30 per cent annually until 2028
The group plans to boost its annual output of electric cars in Korea to 1.51 million units by end of this decade
The company will manufacture its Megapack large-scale energy-storage unit in the new facility
England’s Surrey County Council and EV-infrastructure company Connected Kerb plan to install 10,000 chargers by 2030
RTA offered a total of 90 premium number plates for bidding during the 112th Open Auction
The automaker said it is pushing its strategy of modern luxury in 2023 and has started its ambitious Road to 20 programme
The automobile manufacturer unveiled blueprints for two new powertrains — one for its E-power hybrids and another for zero-emission vehicles
Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes
The company confirmed its staff reduction, saying it eliminated some engineering roles and rebalanced its headcount
Mexican President Andres Manuel Lopez Obrador earlier said that Tesla will build the plant in Monterrey
The company is occupying the former headquarters of Hewlett Packard, Tesla chief executive officer Elon Musk said Wednesday
The Contra Costa county fire department said that a Tesla struck one of its trucks that was blocking lanes while responding to an earlier accident