Business

The company’s return is intended to engage with Europe’s rising interest in EVs.

Some Chinese companies were found to be using Southeast Asian countries to avoid U.S. taxes, but no immediate border changes will occur.

With extensive marketing experience inside major tech companies, Torres will lead global marketing efforts at ChargePoint, focusing on the growth of electric vehicles and sustainability in transportation.

Peter Stern will lead the innovation and integration of hardware, software, and services across Ford’s divisions.

This partnership aims to enhance the quality, safety and efficiency of VW’s next generation electric cars.

With over 35 years of experience in the auto industry, Krafcik is expected to play a key role in Rivian’s mission to electrify and make transportation more sustainable.

The company announced its commitment to strengthening local development of intelligent electrified vehicles in response to the increasing demand for electric cars in the Chinese market.

Amid slower-than-anticipated EV adoption, the company has revised its production targets, now aiming for 600,000 EVs annually by 2024, a shift from is 2023 guidance.

The partnership aims to accelerate the electrification strategy for the Chinese market and tap into the rapidly growing e-mobility market in the country.