Vietnamese electric vehicle maker VinFast Auto is pushing expansion into Asian markets instead of North America and Europe, founder Pham Nhat Vuong said during a Hanoi shareholders’ meeting for parent Vingroup JSC. VinFast has no current plans to boost sales in North America and Europe due to high logistic fees and will instead focus on … Read more
Tesla sees India’s 100 percent import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the “very hot” market even as those concerns linger, its chief financial officer said on Tuesday. Tesla has long wanted to sell in the world’s third-largest car market, but high tariffs, which its chief Elon Musk has said are among the steepest in the world, have … Read more
Tesla sees India’s 100 percent import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the “very hot” market even as those concerns linger, its chief financial officer said on Tuesday. Tesla has long wanted to sell in the world’s third-largest car market, but high tariffs, which its chief Elon Musk has said are among the steepest in the world, have … Read more
Tesla sees India’s 100 percent import tariffs on cars making customers anxious, and the carmaker is still assessing when to enter the “very hot” market even as those concerns linger, its chief financial officer said on Tuesday. Tesla has long wanted to sell in the world’s third-largest car market, but high tariffs, which its chief Elon Musk has said are among the steepest in the world, have … Read more
JSW MG Motor India launched several initiatives aimed at enhancing the ecosystem of electric vehicles (EVs) in India during the DriEV.Bharat event held at Bharat Mandapam in Delhi on Tuesday. It debuted new technologies to make the adoption of EVs faster while also improving the overall infrastructure. This included a new charging platform and a … Read more
India’s cabinet has approved a scheme to spend Rs. 109 billion ($1.3 billion) on incentives for the adoption of electric vehicles in its efforts to curb pollution and move towards cleaner fuels. The PM Electric Drive Revolution in Innovative Vehicle Enhancement, or PM E-DRIVE, scheme will give subsidies worth Rs. 36.79 billion on e-two wheelers, … Read more
Apple worked with Chinese automaker BYD for years as part of its now-canceled car project, developing long-range batteries that helped lay the groundwork for technology used today, according to people familiar with the situation. Apple and the Shenzhen-based company teamed up around 2017 to build a battery system using lithium iron phosphate cells, said the … Read more
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7 — a four-door sedan EV focused on delivering a … Read more
It is no doubt that China has a commanding lead in the worldwide market for electric vehicles. However, according to reports, Beijing is ordering businesses to halt their active hunts for production locations in the area, sign new agreements and generally maintain a low level of activity while discussions over EVs are underway. According to … Read more
TVS Motor company reportedly is planning to expand its electric two-wheeler portfolio in India this year and early next year. The brand is reported to launch a new electric scooter this year and another model by March 2025. The company’s Chief Executive discussed their Electric Vehicle (EV) plans during an investor call, which confirmed this … Read more