Chinese EV Battery Giant CATL Reports Sharp Slowdown in Profit Growth
China’s CATL (300750.SZ), the world’s largest battery maker for electric vehicles (EV), said on Thursday that third-quarter profit rose 10.7%, its weakest quarter since the start of last year as slowing demand and stiff competition hit. This compared with a…
Suzuki Eyes to Make India Global Electric Car Manufacturing Hub
Maruti Suzuki’s parent Suzuki Motor Corporation plans to make India its global electric car manufacturing hub with the first batch of vehicles expected to be rolled out as early as 2025, according to a news report. Suzuki will start producing…
Terra Motors ventures into EV charging space in India
Japanese electric vehicle maker Terra Motors Corporation on Thursday said it has forayed into EV charging infrastructure space in India. The company has launched Terra Charge, its EV charging infrastructure development venture, in India. In a statement, the company said…
Bolt.Earth Secures US$20M for Global EV Charging & Software Expansion
India-based electric vehicle (EV) infrastructure and software company, Bolt.Earth, has recently completed a funding round, raising US$20 million. The landmark funding round was spearheaded by a consortium of both longstanding and new investors, featuring notable names including Union Square Ventures,…
The Chinese Company That Loses $55,000 on Every Electric Car It Makes
Chinese electric car manufacturer Nio continues to stay afloat despite having lost an estimated A$55,000 on every car it sold in the second quarter of this year. It’s one of many electric car companies that enjoys the backing of China’s…
Auto Giant Renault Nissan Uses EV Transition to Undermine Conditions at Chennai, India Plant
Global auto giant Renault Nissan is in the process of gutting working conditions at its car assembly plant in Oragadam on the outskirts of Chennai, the capital of the south Indian state of Tamil Nadu, as part of its transition…
BLive Recognized as ‘Multibrand EV Dealer of the Year’ at India EV Awards 2023
BLive, India’s fastest-growing multi-brand electric vehicle (EV) platform, has been honored with the prestigious ‘Multibrand EV Dealer of the Year’ award at the India EV Awards 2023, presented by Franchise India. This accolade marks a significant milestone in BLive’s journey,…
China’s BYD Forecasts Higher Third-Quarter Profit on Record EV Sales
Chinese automaker BYD Co. expects third-quarter profit to rise at least 67% on the back of record electric-vehicle sales. The Warren Buffett-backed maker of electric vehicles and batteries estimated net profit for the quarter at between 9.55 billion yuan ($1.31…
Chandigarh House Rejects EV Stations Agenda; Councillors To Protest Today
The Municipal Corporation House on Tuesday collectively decided to not approve the agenda of installing electric vehicle (EV) charging stations in the parking sites of the civic body until a committee comprising three councillors and a representative of Chandigarh Renewable…
MOVIN Rolls Out The Second Phase Of Electric Vehicles In Bengaluru Paving The Way For Greener Deliveries In Logistics
MOVIN, a logistics brand launched as a joint venture between UPS and InterGlobe Enterprises adds the second fleet of Electric Vehicles (EV) for its first and last-mile deliveries in Bengaluru. The first fleet was rolled out in Delhi NCR earlier…
