California Sees Huge Surge in Electric Car Sales – What's Driving the Trend?California's electric vehicle market share rose to 22.3% in Q3, a significant increase from 9% in 2021 and 17% in 2022.
Toyota's Mega Investment: $8 Billion Surge in North Carolina Battery Factory Toyota has announced an additional $8 billion investment in its electric vehicle battery plant in North Carolina, USA.
Hyundai's $5.5 Billion EV Plant in Georgia Nears Full Foundation CompletionHyundai's U.S. electric vehicle assembly and battery plant progress rapidly, with 99.9% of foundation work completed in one year.
BMW's Mega Investment in US Electric Vehicle ProductionBMW is investing $1.7 billion in the USA for an EV battery factory and plans to produce six electric vehicle models by 2030.
China's EVE Energy Sparks a $2.6 Billion Battery Venture in the US EVE Energy US Holdings, a subsidiary of Chinese EVE Energy, announced on September 7, 2023, that it plans to establish a joint venture in the United States with Electrified Power, Daimler Trucks, and Paccar Inc. The capital contribution limit for the joint investment shareholders is set at a total of $2.64 billion.
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