Ideanomics’ MEG Announced Strategic Agreement With ‘BeiBen’ Leading EV Heavy Trucks And Bus Manufacturer
Ideanomics announced a strategic framework agreement with leading EV heavy truck and bus manufacturer, BeiBen Heavy Truck Co. Ltd (“BeiBen”). The framework agreement is designed to establish a long-term strategic partnership that will create a strategic platform to increase the speed…
Jaguar Land Rover To Temporarily Suspend Production At UK Manufacturing Facilities
In light of the ongoing coronavirus situation, Jaguar Land Rover has confirmed that it will temporarily suspend production at its UK manufacturing facilities over the course of next week. The company’s intention is to resume in the week of 20 April, subject to review of the rapidly-changing circumstances. As a responsible business, Jaguar Land Rover is operating in line…
Hero MotoCorp Shuts Down All Plants Globally In The Midst Of Corona virus
India’s largest two-wheeler manufacturer Hero MotoCorp Ltd (HMCL) has shut down operations across all its manufacturing and assembly plants including the units in India, Colombia and Bangladesh with immediate effect until the end of this month The company said that…
Vespa Elettrica Expected To Arrive In India By June
The Vespa Elettrica electric scooter that was showcased at Auto Expo 2020 last month is among the many upcoming scooters in India. According to a new report, the Vespa Elettrica will be launched in our market by June this year. Vespa…
Tesla’s Car Registrations In China Fell 35% M-o-M in February
U.S. electric vehicle maker Tesla Inc’s China car registrations fell 35% in February, month on month, data from auto consultancy LMC Automotive showed. Overall auto sales in China plunged 79.1% in February, marking their biggest ever monthly decline, as a…
UK To Co-Chair India-led Global Climate Initiative
The UK was confirmed as the first co-chair of the Governing Council on the India-led global Coalition for Disaster Resilient Infrastructure. The Coalition was established by Indian Prime Minister Narendra Modi and is a voluntary international grouping, linking governments, UN…
COVID-19 To Hit Hard The Auto & EV Industry
According to S&P Global, the coronavirus outbreak, which is wreaking havoc all over the globe and pretty much in any segment of the economy you can think of, has pushed the world’s economy into a global recession. Initial figures suggest that…
Arcimoto Temporarily Suspends Electric Vehicle Production In Effort To Boost Containment Of Coronavirus
Arcimoto Inc announced today that it will temporarily suspend all production of the Fun Utility Vehicle through April 17, 2020, at its U.S. factory located in Eugene, Oregon in response to the rapidly evolving coronavirus pandemic. “We face truly unprecedented times, here…
Bajaj Auto Board Re-Appoints Rajiv Bajaj as MD and CEO
Rajiv Bajaj will once again be managing director and CEO of Bajaj Auto for the next five years, the two-wheeler maker said in a regulatory filing. Bajaj Auto board approved the re-appointment on Tuesday for a period of five years with effect…
Mercedes-Benz To Launch 10 EVs In India In The Next Two Years- CEO
Mercedes-Benz plans to launch more than 10 products in the current calendar year in India with a strong push towards SUVs substantially renewing its portfolio, a senior company official said on Tuesday. They would cater to all segments – from…
