TAIPEI: Taiwan's Foxconn on Monday announced a partnership with state-run energy group PTT Plc to make electric cars in Thailand, adding to a string of such deals by the iPhone assembler as it makes forays into the car market.
Lubricant manufacturer P.S.P. Specialties Co is joining hands with virtual marketplace operator WhatsEGG (Thailand) to seek new business opportunities through online auto parts sales as their market value is expected to reach 7 billion baht in five years.
Vingroup JSC is shuttering its electronics devices unit VinSmart just months after exporting smartphones to the United States as it ramps up production of electric vehicles.
Most executives belonging to the Federation of Thai Industries (FTI) want the government to achieve an electric vehicle (EV) production goal before 2025 despite the state's latest move to adjust its plan to produce more EVs ahead of its original schedule, according to an FTI survey.
NEW YORK: Tesla reported a jump in first-quarter profits Monday on surging electric vehicle sales, and the manufacturer said it was on track to boost automotive capacity at factories in three countries.
NEW YORK: Tesla came under renewed scrutiny Thursday following a report its cars could be fooled into driving with no one behind the wheel, as two senators demanded a vigorous federal probe of a fatal crash in Texas.