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…
Govt Measures Fail To Accelerate Auto Stocks
Auto shares were mixed as the government did not provide GST relief to the auto industry. The S&P BSE Auto index was down 0.25% at 15,689.26. It underperformed the Sensex, which was up 249.86% at 36,951.02. Hero MotoCorp (down 2.2%),…
Toyota Kirloskar Motor To Keep Selling Diesel Models In India
Toyota Kirloskar Motor (TKM) is planning to continue to sell diesel models in the country even as prices of such vehicles are expected to go up significantly with the upcoming BS-VI emission norms from April 1 next year, a top…
Pawan Munjal Planning To Invest In Ola Electric
Ola Electric is soon going to get a new Billionaire investor who also happens to be one of the most eminent personalities in the Indian auto industry. According to a news report published by Mint, Pawan Munjal- Chairman of Hero MotoCorp…
China Announces Tariff Hike On $75 Billion Of US Products
China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump’s latest planned increase, deepening a conflict over trade and technology that threatens to tip a weakening global economy into recession. China also…
