MondayOct 07, 2024 10:00 am

Kia Opens First Plant Focused on EV Production

South Korean automaker Kia Motors has opened its first electric-vehicle-only manufacturing plant at Autoland Gwangmyeong, South Korea. The new EV-only plant (EVO) will mass manufacture two lines of low-cost EV models — the Kia EV3 and Kia EV4 — as part of Kia's plans to become a leading EV maker. With a capacity of 150,000 electric cars per year, the new facility will also be Hyundai Motor Group’s first electric-vehicle-only manufacturing facility. Kia CEO Choi Joon-Young said the facility’s completion marked Kia's first step towards becoming a “leading EV brand.” Speaking during the facility's completion ceremony, Joon-young said Kia would…

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FridayOct 04, 2024 10:00 am

EU Signals Willingness to Continue Talks with China about EV Tariffs

A senior European Union (EU) official has revealed that the European Commission is willing to continue talks with China about electric vehicle import tariffs, even after the EU imposes such tariffs. The commission launched an antisubsidy probe into Chinese EVs several months ago to determine if China's electric vehicle subsidy program gave its automakers an unfair edge over foreign carmakers. Although the probe is still ongoing, the EU has already imposed import tariffs of up to 38% on battery electric cars manufactured in China, making it impossible for Chinese companies to sell their EVs at affordable prices in one of…

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WednesdayOct 02, 2024 10:00 am

Ford to Assemble EV Batteries in Romania

Ford Motor may soon begin assembling electric vehicle batteries at a new battery assembly facility in Craiova, Romania. According to local sources consulted by Economedia, the EV battery cells will be based on designs from another region, making Romania the last step in Ford's EV battery manufacturing pipeline. Ford has neither denied nor confirmed the validity of the information. The revelation comes amid a global slowdown in electric vehicle sales that has lasted several months and left thousands of unsold battery electric cars collecting dust in ports and car lots. Ford is one of the many established automakers that had…

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