Bloomberg Volvo Cars set an ambitious goal to only sell battery cars by 2030, accelerating its plans after sales of electric vehicles surged. The Chinese-owned Swedish brand is rolling out a new lineup of electric cars and will unveil its second battery-only model later. Going one step further than recent rivals’ decisions on EVs, Volvo’s electric vehicles will be available …

Bloomberg Huawei Technologies Co. is planning to manufacture electric cars under its own brand, Reuters reported, as it shifts away from a consumer electronics business battered by US sanctions. The Chinese tech giant could roll out some models this year, Reuters said. Huawei is in talks with Chongqing Changan Automobile Co. and other carmakers to use their plants to manufacture …

Bloomberg Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the US in a filing with the Texas government, making the disclosure as the Biden administration vows to make the security of the US chip supply a national priority. The South Korean company plans to invest about $17 billion in its Project Silicon …