Asia’s Former Richest Man Faces Debt Crunch While Chasing Electric Car Dream
Real estate tycoon Hui Ka Yan is pushing ahead with his ambitious plan to become the Elon Musk of China by ploughing billions of dollars into electric vehicles, but the venture looks increasingly risky as funding becomes scarce and China’s slowing economy…
Canoo’s First Subscription-Only EV Is A Refreshing Rethink Of The VW Microbus
There are myriad electric vehicle startups nowadays — especially in China — and they all tend to make the same kind of promise about revolutionizing the automotive industry by moving faster and being more bold than dinosaurs like Volkswagen or Ford. But the…
Chinese Electric-Car Maker Nio Is Fighting For Its Survival
Nio on Tuesday said it needed to raise $200 million from chief executive William Li and the Chinese gaming giant Tecent, one of its largest shareholders, after it burned through cash at a faster rate in the second quarter. The company…
Gadkari Says All Buses Would Be Electric In Two Years
Allaying fears of the automobile industry, Union Road Transport Minister Nitin Gadkari on Monday said there is no need to ban petrol and diesel vehicles as electric mobility has picked up momentum on its own and all buses would be…
MG Motor India Announces Developer Program Focused On EVs And Batteries
In a development that underlines its commitment to enabling a robust new age mobility ecosystem in the country, marquee carmaker MG Motor India has today announced the introduction of its MG Developer Program & Grant. Launched in collaboration with leading…
