Amitabh Kant : Cost Of Electric Vehicles To Be At Par With Combustion Engine Cars In 3-4 yrs.
NITI Aayog CEO Amitabh Kant on Wednesday said the cost of electric vehicles will almost become at par with combustion engine cars in the next 3-4 years, largely owing to decline in battery price and India should be ready for…
Maruti Will Fire 3000 Temp Workers Due To Low Car Sales
On Tuesday, Maruti Suzuki India Ltd former CEO and current Chairman Mr R.C. Bhargava has informed that their company didn’t renew contracts for 3,000 temporary employees as a consequence of the slowdown in the automobile industry. As he said that contractual workers give flexibility to operations…
KEL, Toshiba In Talks For Making Batteries For Vehicles
The State-owned Kerala Electrical and Allied Engineering Company is in discussions with Toshiba to manufacture fast charging lithium ion batteries for electrical vehicles. A team from Toshiba from Japan visited the Mamala unit of KEL on Tuesday. The Japanese team…
Will Trump’s Duties On China-Made Rechargeable Batteries Cause Drones, Phones, Toys and Electric Cars To Run Out Of Power?
American manufacturers of rechargeable electronic devices will be scrambling with a dilemma starting Monday: pass a 15 per cent import duty on China-made batteries to customers, or find alternative sources from China to power their smartphones, drones, or electric vehicles….
Why Tesla Prices In China Will Eventually Come Down
The trade war is taking a toll on almost all businesses across sectors and geographies. US automakers, including Tesla (TSLA), are one such sector—and they’re feeling twice the heat due to slowing demand in the US and China and uncertainty…
Taiwan Unveils Indigenous Driverless Electric Minibus
Taipei, Aug. 27 (CNA) Taiwan has developed its first autonomous electric vehicle, a minibus dubbed WinBus, which is scheduled for mass production in 2021, the Ministry of Economic Affairs (MOEA) said Monday. The WinBus is equipped with three positioning systems…
Glencore Pledges US$45 Million For First Cobalt Refinery
First Cobalt Corp. [FCC-TSXV; FTSSF-OTCQB; FCC-ASX] said Glencore AG, the Swiss commodities trading giant, has agreed provide a US$5 million loan to fund the recommissioning of the company’s Ontario cobalt refinery in North America. Upon completion of a positive definitive feasibility study…
European Countries Planning On Constructing Their Own Battery Cell Production Facilities
Followed by France and Germany, Norway also started to invest into making its own electric vehicle batteries. This recent trend where many European countries started to become self-sufficient in batteries shows that they are looking not to lose the control…
Volvo’s Polestar Opens Factory In China To Export To Europe, US
Volvo Cars’ performance electric car brand, Polestar, has opened a factory in western China to produce a gasoline-electric hybrid for export to Europe and the United States. Polestar CEO Thomas Ingenlath said Tuesday exports of the two-door, carbon fiber Polestar…
Harley Davidson Launches BS-VI Emission Norm Compliant Bike In India At Rs 5.47 Lakh
American cult bike maker Harley Davidson on Tuesday launched its first BS-VI emission norm compliant bike, Street 750, in India priced at Rs 5.47 lakh. The company which has completed 10 years of operations in India, has also launched a…
