BMW says locating the battery assembly at the Debrecen plant will help streamline logistics for production of its next generation EVs that will use the “Neue Klasse” underpinnings.

VinFast has shipped its first EVs to the U.S. as it plans an IPO to fund its expansion plans that include a factory in North Carolina.

The SMMT industry body said a big chunk of October output, about 81 percent, was exported, mainly to the EU.

The now-lost 1974 Pony Coupe concept was a key influence on the South Korean brand's design.