China’s EV Funding War
US electric carmaker Tesla and its smaller Chinese rivals NIO and Xpeng Motors have been on a US$12 billion capital-raising drive over the past year as their share prices have soared, competing fiercely to attract investors to help fund the…
Tesla May Kickstart India Ops With Sales And R&D To Follow
Tesla is looking to open its first sales outlet in India, possibly in Bengaluru, even as it continues talks with the Karnataka government on setting up a research and development (R&D) centre in the state, two people aware of the…
Geely And Foxconn Form Partnership To Build Cars For Other Automakers
Taiwan’s Foxconn and Chinese automaker Zhejiang Geely Holding Group said on Wednesday they will join hands to provide contract manufacturing for automakers. They will each hold 50% of a venture that will also provide consulting services on electric vehicle (EV)…
GM Working With ‘All The Best Startups’ On Next-Gen EV Battery Tech -Exec
General Motors Co, as part of a $27 billion initiative to match or surpass Tesla Inc in the electric vehicle sector, is working with “all the best startups” on next-generation EV battery technology while planning a big boost in production…
Shell Backed Smart EV Startup, TresMoto Raises Additional Round Of Seed Funds
Shell backed smart EV startup, TresMoto has raised an undisclosed amount in seed funding from Angel Investor and professional CEO Raaj Kumar, who has led multinational companies like Asian Paints, GMR Energy, JSW Energy among others. “We have been working…
VoltUp Partners HPCL For Battery Swapping Solutions Across India
After Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) will offer a battery swapping option at its select petrol pumps for EVs, offering to replace discharged batteries with fully charged ones in just a couple of minutes. This follows…
Chinese Electric Car Start-Up Xpeng Gets $2 Billion In Credit From State-Owned Banks
China’s state-owned banks are stepping up their support for some electric car companies in the country. Alibaba-backed Xpeng announced it secured a credit line of 12.8 billion yuan ($1.98 billion) from major Chinese financial institutions — including three of the…
Omega Seiki Expands Electric Three-Wheeler Dealership Network To South India
Omega Seiki Mobility (OSM), part of Anglian Omega Group, has announced a new venture with Green Drive Auto Services to open a new dealership in South India. The dealership is located at Singasandra, Bengaluru. Green Drive Auto Services deals in…
NIO Partners With NVIDIA To Develop A New Generation Of Automated Driving Electric Vehicles
NIO, a pioneer in China’s premium smart electric vehicle market, and NVIDIA announced today that the automaker has selected the NVIDIA DRIVE Orin™ system-on-a-chip (SoC) for its new generation of electric vehicles, which will offer advanced automated driving capabilities. NIO…
GM Unveils New Logo To Emphasize Its Pivot To Electric Vehicles
General Motors debuted a new logo meant to convey the automaker’s renewed commitment to the production and sale of electric vehicles. The company is also launching a new marketing campaign to underscore that commitment, as it seeks to compete with…
