Hyundai Motor To Invest $2.45B In India By 2032 To Boost EV Ecosystem
Hyundai Motor has announced that it plans to invest $2.45 billion (200 billion Indian rupees) over the next 10 years in the southern Indian state of Tamil Nadu to bolster its plans for electric vehicles in the country. On Thursday, the…
China’s BYD Cuts Starting Price For Seal EV; Aims To Extend Lead
SHANGHAI (Reuters) -BYD Co Ltd on Wednesday cut the starting price of its best-selling Seal sedan by 10%, as the Chinese electric vehicle (EV) giant seeks to extend its lead in the world’s largest auto market with lower-priced products. The…
The Swap Revolution Supercharging India’s Mobility
Few know that electric vehicles (EVs) were invented 200 years ago and are as old as petrol-diesel ICE (internal combustion engine) vehicles. Between the 1890s and 1910s, EVs competed with ICE for US market dominance as people preferred EVs for…
MG To Launch Up To 5 EVs In India By 2028
MG Motor has announced its strategic five-year business roadmap for sustainable growth in India. And among the many policies, the carmaker has revealed their plan of introducing up to five EVs in the country by 2028. To do this, the…
MG Motor Launches Cheapest EV In India, Less Than $10K
China-based MG Motor recently brought to market the cheapest EV in India. MG Motor is owned by China’s SAIC Motor and competes in India against automakers, including Tata Motors, among others. We often talk about China being the world’s largest EV market…
Tata Tiago EV Achieves 10k Unit Sales Milestone
Automobile firm Tata Motors has announced that it has achieved the 10,000-unit sales milestone for its Tiago EV since its deliveries commenced. The Mumbai-headquartered company said it also made it the fastest electric vehicle to achieve this milestone in less…
Rana Group To Outlay INR 1,900 Crores In EV Business
Rana Group has declared an investment plan of INR 1,900 crore in the electric vehicle business in phases. The firm have inked two MoUs with the Uttar Pradesh government. First is to install 100 EV charging hubs in PPP mode,…
Japanese Automakers Face Major Sales Crisis In China As Local EVs Dominate Market
Japanese car manufacturers are seeing their sales tumble in China as the nation continues its rapid adoption of electric vehicles, many of which are being built by local companies. Industry data has revealed that total sales of Japanese auto brands in China fell 32%…
Tesla’s Car Registrations In China Fell 35% M-o-M in February
U.S. electric vehicle maker Tesla Inc’s China car registrations fell 35% in February, month on month, data from auto consultancy LMC Automotive showed. Overall auto sales in China plunged 79.1% in February, marking their biggest ever monthly decline, as a…
EV Sector Could Be Impacted By Falling Crude Oil Prices
Cheap oil could drive automakers to distraction. With crude futures near $26 a barrel, drivers might lose enthusiasm for electric vehicles, especially if governments put support on hold and let pump prices tank. But the push away from hydrocarbons is…
