BYD’s Electric Car Manufacturing Plan in India Faces Political Scrutiny, Wants To Drop $1 Billion EV Investment Plan
BYD, the world’s largest producer of electric vehicles (EVs) and plug-in hybrid vehicles, is facing potential challenges with its electric cars manufacturing plan in India. The Indian government has been subjecting investments from Chinese companies to closer scrutiny since 2020,…
MG Motor And IONAGE Collaborate To Strengthen EV Infrastructure In India
MG Motor India, a British automobile brand with a 99-year-old legacy, has joined forces with IONAGE, a prominent eMobility Service Provider, to strengthen destination charging infrastructure across India, thus encouraging intercity travel by EVs. The partnership was officially announced with…
European Automakers Forge Power-Packed Partnerships In China To Conquer Booming EV Market
In a bid to seize a bigger slice of the world’s largest auto market, European automakers are shifting gears and teaming up with Chinese counterparts to drive innovation and electric vehicle (EV) dominance. Volkswagen’s latest move comes as it grapples…
China’s Sunwoda Electronic To Build $275 Million EV Battery Factory In Hungary
China’s Sunwoda Electronic (300207.SZ) plans to build a power battery factory in Hungary for electric vehicles, with initial investment of up to 1.96 billion yuan ($274.71 million), as Chinese battery makers expand in the European market. The money will be used for…
Bajaj Auto Amplifies Its EV Commitment With a ₹500 Crore Investment Plan For 2023
Bajaj Auto is pushing up its efforts in the electric vehicle (EV) market for both two-wheelers and three-wheelers. After passing the phases of evaluating product performance in the actual world and customer reactions, it has planned additional releases and investments. In a post-earnings…
Ola Receives 3,000 For S1 Air Within Hours Of Opening Booking Window
Electric two-wheeler maker, Ola Electric received 3,000 booking orders for its newly launched Ola S1 Air. Ola Electric’s Founder and CEO, Bhavish Aggarwal, revealed this in a tweet. Ola opened the booking window for its most affordable scooter, the S1…
VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting to dominate the global transition to clean vehicles. The deal…
Subsidy Cut Hits Electric Two-Wheeler Sales
The sale of electric two-wheelers has hit a speed bump after the subsidy under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME II) scheme was slashed from 40% to 15% with effect from June 1. The sales dropped…
Hero MotoCorp Invests $60 Million In Zero Motorcycles, Will Launch Electric Two-Wheelers In India
Hero MotoCorp, the renowned Indian motorcycle manufacturer, sent shockwaves through the industry with a $60 million investment in Zero Motorcycles, a California-based electric motorcycle manufacturer. The move sparked intrigue and speculation as to how this partnership would shape the future of electric…
Erisha E Mobility Joins Forces With Lakshmi India Finance For EV Financing
Erisha E Mobility Pvt Ltd and Lakshmi India Finance Pvt Ltd have recently signed a MOU agreement. The collaboration aims to provide loan facilities to potential customers in Rajasthan, Madhya Pradesh, and Gujarat, who wish to purchase electric three-wheelers manufactured…
