EF:BUSINESS-CHARGED

BMW Investment to Transform Iconic Mini Brand to Electric by 2030 BMW has announced an investment of 600 million pounds (approximately $750 million) in its UK plants, with the objective of converting its iconic Mini brand to all-electric…

Lucid, the electric vehicle maker, has announced a significant price reduction for its Air luxury sedans. The move comes as competition in the U.S. EV industry intensifies and a price war ensues, largely sparked by Tesla. Lucid's price cuts…

U.S. Inflation Reduction Act Sparks Race to Recycle Electric Vehicle Batteries POOLE, England (Reuters) - A little-known clause in the U.S. Inflation Reduction Act is causing companies to scramble to recycle electric vehicle (EV) batteries…

Tata Group, an Indian multinational conglomerate, has announced plans to build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories. This move is seen as a significant boost for the UK car industry, which…

LG Energy Solution (LGES), the South Korean battery maker that supplies Tesla, General Motors and other automakers, has reported a more than doubled quarterly profit, thanks to subsidies from the Inflation Reduction Act (IRA) and solid US…