Asia
Indonesia Wants a Slice of the Electric Vehicle Industry
Indonesia wants to leverage its advantages in manufacturing and raw materials to become a regional electric vehicle powerhouse.
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Indonesia wants to leverage its advantages in manufacturing and raw materials to become a regional electric vehicle powerhouse.
New Delhi plans to build four 10GWh/year power plants at a total cost of $4 billion.
The electric car maker reports $408 million in losses for the second quarter of 2019.
The American carmaker is pivoting to electric vehicles as Tesla enters the pickup truck market.
The Tesla rival in China delivered 3,553 EVs over the past three months.
Tesla is coming off a record quarter of deliveries and plans to deliver close to 500,000 EVs this year.
The company owned by Hui Ka-yan has invested $42 billion in the EV market over the past six months.
The two automobile companies will sign an agreement to jointly develop self-driving cars and EVs.
This Tesla competitor has yet to sell a single vehicle but has attracted investment from big names, including Jeff Bezos.
The electric vehicle maker delivers a record of 95,200 vehicles in the second quarter of 2019.