BMW Expects to Hit 50% All-electric Sales Target 'well ahead' of 2030

BMW expects over 50% of new sales to be all-electric vehicles well ahead of its 2030 target and could envision a hydrogen-powered car going into production in the second half of the decade, the premium carmaker said on Wednesday. By 2025, a fourth of new sales will be all-electric, the company said, rising to a […]

Nio to Build Factory in China for Budget EVs - Sources

Chinese electric-vehicle maker Nio Inc plans to build a factory to produce budget EVs under a new brand for export to Europe from as early as next year, three people with knowledge of the matter said. The plan to broaden the company’s lineup and expand overseas sales comes as EV sales sharply weaken in China, […]