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New Energy Vehicles Weekly Report

In this week’s edition of the New Energy Vehicles Weekly Report, we bring you the latest developments from around the world in the realm of electric vehicles (EVs) and sustainable transportation.

North America:

  1. New York’s Green Mobility Initiative: New York has set an ambitious target for full electrification of ride-sharing services by 2030. The city has introduced new “Green Mobility” regulations to gradually increase the use of electric and accessible vehicles in ride-sharing fleets.
  2. Ford’s Canadian EV Battery Plant: Ford announced plans to invest over $890 million in building an EV battery materials factory in Canada, contributing to the growing North American EV manufacturing ecosystem.
  3. General Motors Supports AI Battery Materials Startup: General Motors is leading the B-round financing of AI battery materials startup Mitra Chem, focused on developing innovative batteries based on lithium iron phosphate (LFP) chemistry.


  1. Japan’s Tax Incentives: Starting from April 2024, Japan is implementing tax breaks for domestically produced EV batteries and semiconductors, aiming to bolster its economic security.
  2. India’s Electric Bus Initiative: India approved a nearly $7 billion investment for an electric bus project, with plans to deploy 10,000 electric buses and related infrastructure across 169 cities.
  3. Indonesia’s Tax Incentives: Indonesia is planning to introduce more tax incentives to attract EV manufacturers, including 0% export duties and value-added tax exemptions.

Global Automakers:

  1. Mercedes-Benz‘s Electrification in Malaysia: Mercedes-Benz has set its sights on achieving full electrification of its product line in Malaysia, targeting this milestone by 2030.
  2. Changan’s EV Factory in Thailand: Changan Automobile is planning to construct an EV factory in Thailand, with an investment of 8.8 billion Thai Baht.
  3. BYD’s Partnership in the Philippines: Chinese automaker BYD is collaborating with the Ayala Group in the Philippines to sell electric vehicles in the local market.
  4. Acura’s New Electric Vehicle: Acura has unveiled the all-new Acura ZDX electric vehicle with an impressive range of over 523 kilometers.
  5. Kia’s EV6 Special Edition: Kia has introduced the EV6 Special Edition, featuring pure electric propulsion, dual motors, and a total power output of 320 horsepower.

Battery and Charging Technology:

  1. Tesla’s Battery Materials Investment in Indonesia: Tesla is planning to invest in battery materials production in Indonesia, further expanding its global presence.
  2. SK On’s New Battery Plant: SK On announced the construction of a new battery plant in South Korea with an investment of $1.1 billion.
  3. Advanced Battery Technologies: “Our Next Energy (ONE)” has developed the Aries II battery cell, boasting a range of up to 350 miles.
  4. Breakthroughs in Solid-State Batteries: Lawrence Berkeley National Laboratory has developed new solid-state electrolyte materials, enhancing the durability of batteries.
  5. Fuel Cell Advancements: Los Alamos National Laboratory has introduced a new fuel cell architecture, improving electrode durability.
  6. Efficient Battery Design: Researchers at Pennsylvania State University have developed a more efficient and durable battery design using spark plasma sintering technology.

Charging Infrastructure:

  1. Texas Adopts Tesla Charging Standard: Texas has approved the inclusion of Tesla’s charging interface as an official standard, paving the way for federal funding support.
  2. Fisker Adopts Tesla’s Charging Standard: Fisker has signed an agreement to adopt Tesla’s North American charging standard, promoting interoperability in the charging network.
  3. NIO’s Advanced Charging Station in Sweden: NIO has launched its first third-generation battery swapping station in Europe, providing ultra-fast 500 kW charging.
  4. Liquid Cooling for Fast Charging Stations: Boyd, in partnership with E-valucon, has developed liquid cooling technology for rapid electric vehicle charging stations.

Stay tuned for more exciting developments in the world of new energy vehicles. The global shift towards sustainable transportation continues to gain momentum, with governments, automakers, and tech companies collaborating to create a cleaner and greener future for mobility.