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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…

Hero Electric Announces New Dealerships, Further Strengthening Their Presence In Bengaluru

India’s Biggest electric vehicle brand, Hero Electric announced the opening of three new dealerships in the Bengaluru Area to further strengthen its presence in the city. The three new dealers – Jaideep Motors, Pulse Electrochem and VRS Motors – are…

Tesla Apologized Profusely For The Fuss, Claiming Coronavirus Delayed The Availability Of The Latest Chip

Tesla stirred up a hornet’s nest in China by promising customers their Model 3 cars built in Shanghai would come with the company’s version 3 self-driving computer chip but then delivering cars that have only the last-generation version 2.5 chip…