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Foxconn’s EV Ambition to Take-Off in Thailand

Taiwan-based smartphone manufacturing giant Hon Hai Precision Industry Co. (Foxconn) and state-owned oil supplier PTT PLC have signed an agreement to start electric vehicle (EV) manufacturing facility in Thailand. The 60:40 joint venture between PTT and Foxconn, respectively, will use the individual EV capabilities of both the parties to manufacture and supply EVs in Thailand and the region.

Mercedes-Benz Takes Next Step to Electric Only

In its next strategic step toward electric-only product lines, Mercedes-Benz is taking an 33% equity stake in European battery cell manufacturer Automotive Cells Company (ACC) to scale up development and production of next-generation high-performance battery cells and modules.

MB & GROB-WERKE Expand EV Battery Production Collaboration

To help industrialize production of future generation batteries, Mercedes-Benz is expanding its longstanding partnership with GROB-WERKE GmbH & Co., a global leader in battery production and automation system headquartered in Germany.

Toyota Launches All-New Aqua Hybrid-Electric Compact Car

Toyota Motor Corporation has launched the all-new Aqua, a hybrid electric-only compact car offering approximately 20-percent more fuel efficiency – 35.8 km/L – than its previous generation. The Aqua is the world's first vehicle to use a high-output bipolar nickel-hydrogen battery as an electric drive battery. According to Toyota, the new battery realizes approximately twice the output as it delivers improved accelerator responsiveness and enables smooth, linear acceleration from low speeds.

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