Elon Musk Says Chinese Electric Car Brands Could ‘demolish’ Rivals as Tesla Earnings Fall
Tesla became the most valuable automaker in the world promising unmatched sales growth. But in the face of growing EV sales by rival brands, Tesla Wednesday backed off its former bullish sales targets. Tesla has been cutting prices for more…
Chinese Officials to Rein in Nation’s EV Industry
China is cutting expansion in its electric vehicle sector, officials saying there isn’t enough external consumer demand and they will take, quote, “forceful measures” to stop construction of EV projects. To break this down for us, we have Yahoo Finance…
RUBIO EFFORT TO BLOCK CHINESE-MADE EV CHARGERS PASSES HOUSE
The U.S. House of Representatives passed a joint resolution, led by U.S. Senator Marco Rubio (R-FL), to overturn the Biden Administration’s rule that would harm American industry by waiving Buy America requirements for Electric Vehicle (EV) charging stations. American companies…
EU’s Anti-subsidy EV Probe Prompts Retaliation From China
The European Commission’s anti-subsidy probe into electric vehicle (EV) imports from China prompted a retaliation from the Chinese government. The Chinese government launched a trade probe into luxury liquor producers from Europe. Fortune states that Beijing’s probe targets liquor producers…
MG Motor India Achieves 18% Growth In 2023 Retail Sales
MG Motor India has reported 18 per cent growth in total retail sales for the year 2023, reaching an impressive 56,902 units compared to the previous year. The company’s performance in December 2023 alone saw retail sales of 4,400 units,…
China’s Nio Produces EV Battery With 1,000 Km Range
In a significant development for the electric vehicle industry, China’s EV manufacturer NIO Inc. (NIO) has successfully developed a battery with a range of 1,000 km (621 miles). The live test drive, streamed by CEO William Li, showcased the E17…
Pure EV Introduces India’s First Electric Vehicle Exchange Program
PURE EV has successfully established the world’s first Electric Vehicle Exchange Programme, establishing a new standard in the automotive industry. The Vehicle Exchange Camp serves not just classic internal combustion engine (ICE) 2-wheelers, but also EV aficionados. Consumers have responded…
China to Invest $2.8 Billion in Zimbabwe in Lithium
Chinese companies were awarded licenses in the third quarter that could see $2.79 billion of investment flow into Zimbabwe, mostly in mining and energy as the government pushes to develop some of Africa’s biggest lithium deposits and end power outages….
LML Acquires Land In Haryana To Establish EV Industrial Park
The land is located just off the Delhi Mumbai Expressway, on the main highway from Gurgaon to Alwar. It is a 65-minute drive from Rajiv Chowk. The newly acquired land will serve as the foundation for LML’s state-of-the-art EV industrial…
India’s Acc Ev Battery Production Could Commence In Jan 2024
Production of advanced chemistry cell (ACC) batteries in India is set to begin by January 2024, according to Union Minister for Heavy Industries, Mahindra Nath Pandey. This follows the government’s approval of the Production Linked Incentives (PLI) scheme in May…
