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…
Greaves Cotton Enters Into New Businesses
City-based engineering company Greaves Cotton, which earns a large chunk of its revenue from sales of automotive diesel engines, seeks to insulate itself from the slowdown in the automotive sector and the ensuing disruption due to BSVI emission norms by…
Hyundai Electric Kick Scooter Revealed
Hyundai Motor Group has developed a new prototype electric kick scooter. Building on its initial concept presented at CES 2017, the new model boasts rear-wheel drive, a highly-capable lithium battery and stylish front and rear lights. The latest concept features…
Mahindra Starts Export Of Peugeot Electric Scooter From India
Mahindra’s European subsidiary Peugeot Motorcycles has been continuing to loose money even after the takeover in 2015 but the scooter specialist has taken some bold steps last year to correct its course. The largest part of this course correction is…
What Lies Ahead In India’s EV Ride
India’s automobiles industry is seeing the worst slowdown in nearly two decades. Amid distress calls over the slump in national sales figures, auto giants have also been voicing concern over a Niti Aayog proposal to push for full conversion to…
Micromax Founder Rahul Sharma’s New Offering: Electric Bikes
Micromax co-founder Rahul Sharma’s new electric two-wheeler startup Revolt Intellicorp has launched two electric motorcycles with what the it calls the first plan in India that offers motorcycle-as-a-service. This plan claims to address the challenge of the high cost that…
