The possible deal with Vinfast comes off the back of Vietnam having signed a comprehensive economic partnership agreement with the UAE
Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners
OPEC expects world oil demand to reach 118.9 million bpd by 2045, which is around 2.9 million bpd higher than earlier projections
The company plans to establish a facility for producing electric and plug-in hybrid vehicles, with an annual capacity of 150,000 units
Xiaomi built a Beijing factory capable of producing 200,000 cars annually before it had regulatory approval to start manufacturing in China
Rimac will reportedly produce only 150 Nevera cars with a price tag of $2.1m each
The company’s R&D centre in Abu Dhabi is aimed at accelerating the pace of AI and EV innovation for mobility applications
The rate of future EV adoption is going to depend heavily on EV pricing and the availability of charging stations
A top speed of 330 kilometres per hour and an acceleration of 0-100 kilometres per hour in 3 seconds make it one of the fastest supercars on the market
The Hummer Ultium EV Pickup’s reinvention underscores the revolution taking place in the global automotive industry
Electric cars and plug-in hybrids are expected to make up 90 per cent of the world’s biggest auto market around the end of this decade
As part of the deal, Xpeng plans to launch a new EV brand in partnership with Didi in 2024
EV owners and operators must provide careful attention and maintenance to their vehicles to minimise and prevent various risks
The company’s shares jumped more than 5 per cent in post-market trading
The luxury EV features a 516hp dual-engine capable of accelerating from 0-100kmph in just 4.3 seconds
The International Energy Agency says the rest of the world is going the way of the electric car, bringing peak oil demand before the end of the decade
Vehicle owners should brace for their car insurance premiums and repair bills to remain high
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
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
Ford’s next-generation vehicles, starting in 2025, will have the Tesla charging capability built in
The company will manufacture its Megapack large-scale energy-storage unit in the new facility
The order stems from a strategic partnership between Admiral Mobility and Geely Farizon Commercial Group
In his last role, DeLuca led VinFast, Vietnam’s first domestic automobile brand
The EV brand, Ceer, will attract over $150m of foreign direct investment, and create up to 30,000 direct and indirect jobs
The E-HS9 is the first fully sports utility vehicle from Hongqi with the functionality of an SUV
Constructed by KIZAD, the facility is set for completion in the fourth quarter of 2022
It delivered about 936,000 cars in 2021
The Osaka-based firm will invest 400 billion yen in growth areas including electric vehicle cells
The newly formed Ford Model e unit will scale up the automaker’s EV offerings