Author: BNN

Volkswagen AG may tap Taiwan’s Foxconn Technology Group to make electric pickups and sport utility vehicles in the US, according to a person familiar with the matter, as the German carmaker weighs partnerships to support its North American expansion.

An electric vehicle firm backed by Saudi Arabia’s Public Investment Fund said it will be developing a manufacturing site on the kingdom’s western coast, the latest step in the government’s push to diversify its oil-dependent economy.

Metro Africa Xpress Inc., a Nigerian ride-hailing startup, plans to raise $100 million to deploy electric vehicles in 10 African countries as demand for cheap, low-emissions transport increases.