MAHINDRA LAST MILE MOBILITY IS INDIA’S NO.1* ELECTRIC 3-WHEELER MANUFACTURER IN FY’23
Mahindra Last Mile Mobility (LMM), a division of Mahindra & Mahindra, has cemented its No.1* electric 3-wheeler manufacturer status in FY23. During this period, LMM sold 36,816 EVs and had a market share of 14.6%*. This is significantly up from…
Saudi Arabia signs $5.6bln deal with Chinese EV company
Saudi Arabia’s Ministry of Investment has signed a $5.6 billion deal with Chinese electric car maker Human Horizons to collaborate on the development, manufacture and sale of vehicles, the Saudi state news agency said in a statement. The agreement accounts…
Nio Said Not To Join China’s EV Price War. Now It’s Cutting $4K Across All Models
Nio, one of China’s homegrown Tesla challengers, has slashed the prices of all its models by 30,000 yuan ($4,200), the NYSE-listed premium electric vehicle upstart announced on Monday. The news came as EV makers enter a price war in the world’s largest…
Mahindra BE.05 Electric SUV Interiors Teased
The BE.05 electric SUV was recently spotted testing in India. Spy shots revealed a single unit of the fully camouflaged test mule based on the concept that was unveiled in August last year. Now, a new teaser shared on the web gives…
HSBC, Tata Motors Join Hands For EV Financing
HSBC India has partnered with Tata Motors for a corporate employee financing solution to accelerate the adoption of zero-emission Electric Vehicles (EVs). Consumers holding a salaried account with HSBC India can apply for this one-of-a-kind tailor-made loan to purchase…
CHARGE+ZONE Deploys 1600 EV Charging Stations, Raises $125M for Expansion
EV charging company CHARGE+ZONE has announced the successful completion of its initial phase of deploying a highway EV charging network in India. The company has successfully installed over 1600 EV charging stations across more than 450 locations, covering a distance…
Fisker (FSR) Stock Pops on China Delivery Center News
Shares of Fisker (NYSE:FSR) stock are in the green after the electric vehicle (EV) company announced its plans to open a delivery center in China this year. Furthermore, deliveries of the Ocean SUV will begin in China in the first quarter of 2024. Fisker’s…
HSBC India Teams Up With Tata Motors For EV Financing Solutions
HSBC India has teamed up with Tata Motors for financing the purchase of the latter’s electric vehicles by the employee working in the corporate sector. Under the collaboration, consumers holding a salaried account with HSBC India will get a chance…
Avera Signs MoU With NREDCAP For Supply Of EV
Vijayawada-based electric vehicle manufacturer Avera has signed a Memorandum of Understanding (MoU) with the New and Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP) to make the vehicle accessible to the government employees, thereby helping the government achieve its goal…
E-bike Penetration Jumps In India By Nearly 40%
India’s electric two-wheeler market is steadily growing. From 4.05% in 2022, the adoption rate of these vehicles rose by a third this year to touch 5.63% in May, government data showed. Goa, Kerala, Karnataka, and Maharashtra, along with six other states,…
