China’s SAIC Aims to Slash Jobs at GM, VW Ventures and EV unit, Sources Say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut…
Ola Electric Raises $50 million in Debt Financing From EvolutionX Cap
Initial public offering (IPO)-bound electric two-wheeler maker Ola Electric Mobility Ltd has raised Rs 410 crore (about $50 million) through non-convertible debentures from EvolutionX Debt Capital, showed regulatory filings made with the Registrar of Companies (RoC). EvolutionX Debt Capital, a…
Medigus Subsidiary Completes Wireless EV Charging System
Medigus Ltd. (NASDAQ:MDGS), an Israel-based technology company, announced today that its subsidiary, Charging Robotics Ltd, has completed the installation of a novel wireless charging system for electric vehicles (EVs) in an automated parking system in Tel Aviv. This system is…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
Zetwerk Bags Largest Order From Indian Oil to Set up Over 1,400 Fast Chargers for EVs
Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for 6,000 chargers, in which…
Electric Vehicles: India’s Share in Global PV Market May Rise to 7% by 2040
A latest estimate by Goldman Sachs has stated that India’s share of the global electric passenger vehicle market may go up to 7.1 per cent by 2040 from the current level of 1 per cent in 2024. As per estimates…
Karnataka to Set up EV Charging Stations in RTO Offices And Highways
An electric vehicle (EV) charging station at a Bescom office in Bengaluru. Bengaluru Urban district has 4,281 charging stations, constituting 85% of the total charging infrastructure within Karnataka. An electric vehicle (EV) charging station at a Bescom office in Bengaluru….
Fairdeal Motors Launches Ace EV for Sustainable Intra-city Cargo Transport in Jammu
Fairdeal Motors and Workshop Pvt Ltd, an authorized Tata Motors commercial vehicle dealer in Narwal, Jammu, have begun delivering the all-new Ace EV, India’s most advanced zero-emissions four-wheel small commercial electric vehicle. The first fleet was delivered to customers in…
Xiaomi Takes Aim at Tesla in Chinese Auto Market with $29,870 Electric Car
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the…
Tata Passenger Electric Mobility And HPCL Partner To Optimize EV Charging Infrastructure
In an effort to improve the experience of EV owners across India, Tata Passenger Electric Mobility (TPEM) on Wednesday signed an MOU with Hindustan Petroleum Corporation (HPCL) to establish public charging stations across India. The collaboration will leverage HPCL’s widespread…
