GM Cuts Lyriq EV Price In China By 14% After VW Discounts
General Motors Co on Monday cut the starting price of the Cadillac Lyric in China by about 14%, joining Volkswagen in a new round of electric vehicle price cuts in a market where Global automakers are under pressure. The Lyric,…
‘Chinese Storm’ Looming Over Europe’s EV Sector, Renault Chairman Warns
A “Chinese storm” is looming over Europe’s growing electric vehicle (EV) sector, Renault Chairman Jean-Dominique Senard told Reuters on Saturday, as Asia’s superpower dominates key raw materials to make batteries for zero emission cars. China’s recent decision to restrict exports…
Quantum Energy Partners Bike Bazaar For Retail Financing
Hyderabad-based Quantum Energy, an electric scooter start-up has inked a strategic tie-up with Bike Bazaar, a finance solutions provider for pre-owned and new vehicles. The agreement involves collaborating and powering a substantial number of Quantum Bziness Pro e-scooters. Quantum Energy’s Bziness…
Reduction In Government Subsidies For Electric 2 Wheelers
The Ministry of Heavy Industries on 19 May 2023, announced a reduction in the subsidies provided under Fame II For Electric Two-wheelers, effective from 1 June. While this decision is likely to result in a price increase of about 20-25…
Tesla Offers New China Rebate As Price Cuts Rock EV Market
Tesla on Friday offered a new incentive to boost electric vehicle sales in China as it notified some workers making battery packs at its Shanghai complex of layoffs, according to a company announcement and a worker who had received the…
Murugappa Group’s EV Arm To Launch 3 Electric Tractors This Fiscal
TI Clean Mobility (TICMPL) is planning to launch at least three electric tractors during this fiscal as the electric vehicle arm of Murugappa Group’s engineering company Tube Investments of India (TII) believes that the tractor segment is ripe for disruption due to…
Euler Motors launches new HiLoad EV 2023
Electric vehicle company Euler Motors on Monday launched its advanced version of HiLoad EV 2023, with 13 (12.96) kWh battery pack, 170km ARAI-certified range (Real Range TM 100-120 km), 30% higher payload capacity (688 kg) and 30% more earnings than any other 3W cargo…
Fiat’s Tiny New Electric Car Has The Strangest Feature Ever
Imagine this. You’ve spent the day sunbathing on the Italian coast and you get up to leave. (It’s time for aperitivos.) You go rinse off your feet in the warm ocean, step back on dry land, and your piglets are…
Li Auto, Guangzhou And Geely Trump Legacy Automakers In China EV Market
In a significant shift in China’s electric vehicle (EV) market, traditional automakers are being outpaced by local EV manufacturers, The Wall Street Journal reports. Traditional automakers are also feeling the pressure to adapt their strategies to the burgeoning EV market. Approximately one…
SMEV India Suspends Constitution, Seeks Revamp Under New Head
The Society of Manufacturers of Electric Vehicles (SMEV), a lobby of Indian electric-vehicle makers, announced it has suspended its constitution and gone into voluntary hibernation. In a statement, the association said it would suspend all operational actions and launch a…
