Chinese EV Makers are Planning Factories in Mexico
Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report. MG, BYD, and Chery are all looking at sites to build new factories in the country, according…
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,…
Eaton’s Heavy-duty Four-speed EV Transmission Receives Prestigious Award from top China-based Automotive Publication
Intelligent power management company Eaton today announced it has received the “2023 Top 100 Players of China’s New Automotive Supply Chain” award for its heavy-duty four-speed electric vehicle (EV) transmission from leading China-based automotive publication, Gasgoo. Eaton representatives accepted the…
Tiny Electric Vehicles Pack a Bigger Climate Punch Than Cars
BIG Oil faces a tiny foe on the streets of Asia and Africa. The noisy, noxious vehicles that run on two and three wheels, carrying billions of people daily, are quietly going electric – in turn knocking down oil demand…
Indian Industry Body Seeks Third Round of EV Subsidies
FICCI has proposed to India’s ministry of heavy industries that the existing Faster Adoption and Manufacturing of Electric Vehicles-II (Fame-2) scheme be extended to Fame-3, the industry body said. FICCI wants the scheme — which expires on 31 March 2024…
EVs With Chinese Parts won’t Qualify for the full $7,500 tax Credit from 2024
The US government has released guidance that will make it harder for EVs to qualify for the full $7,500 tax credit if their batteries contain Chinese components or minerals. New guidance for EV tax credits A couple of days ago,…
E-bus Sales in India will go up to 11-13% by FY25
ICRA points out that the government has sought to boost e-bus adoption through bid aggregation under tenders floated by Convergence Energy Services Limited (CESL). Despite successful OEM participation in the initial tenders, CESL’s third tender faced limited participation due to…
Electric Vehicle Maker Lion Electric Cutting 150 Jobs to Reduce Costs
The Lion Electric Co. says it is cutting 150 jobs or about 10 per cent of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives. Lion Electric chief executive and founder…
China-made Tesla EVs Grab 1st Place in Imported EV Standings in Korea
China has overtaken Germany as the top exporter of electric vehicles (EVs) to Korea. Korea’s imports of Chinese EVs totaled US$172 million in October, according to the Korea International Trade Association (KITA). That’s more than double the amount of Korea’s…
Electric Vehicles Enliven China Expo in Indonesia
The China (Indonesia) Smart Transportation and New Energy Industry Expo kicked off here on Thursday, with focus on electric vehicles. Renewable energy and smart transportation are key projects to develop technology that improves safety and can reduce dependence on traditional…