Festive October Powers Strong Double-digit Growth for PV, Two- and Three-wheeler Wholesales
As per the monthly numbers released by apex industry body SIAM, for three vehicle categories (passenger vehicles, two- and three-wheelers), cumulative sales at 2.36 million units are a strong 20% year-on-year growth (October 2022: 19,68,938 units). Importantly, all three segments…
Chipmaker ADI to Boost NEV Growth in China
Analog Devices, Inc, a chipmaker based in the United States, is stepping up efforts to explore deeper into the Chinese vehicle market as the automotive industry is shifting fast towards electrification. Xu Zhibin, general manager for Automotive, Communications, and Consumer…
Tata Motors to Share JLR’s ‘EMA’ EV Architecture for Avinya Range of Cars
Tata Passenger Electric Mobility Ltd (TPEM) and Jaguar Land Rover Plc (JLR), both 100 percent subsidiaries of Tata Motors Limited (TML), have entered into a Memorandum of Understanding (MoU) for the licensing of JLR’s Electrified Modular Architecture (EMA) platform for…
China EV Maker BYD Reports Record Quarterly Profit of $1.42 bln in Q3
China EV maker BYD reports record quarterly profit of $1.42 bln in Q3 Reuters / UPDATED: OCT 30, 2023, 19:12 ISTB YD logged 22.12% in third-quarter gross profit margin, compared with 18.73% in the second quarter, according to Reuters’ analysis…
Honda To Focus On Electric Vehicles, Plans To Launch SUVs In India
Honda Motor Co., Ltd., as part of its worldwide initiatives to attain carbon neutrality by 2050, will expedite the electrification of vehicles and maintain its investments in India, a crucial market for its future development strategy. During a meeting with…
Norsk Hydro Warns Flood of Chinese Electric Vehicles Threatens Dluminium Demand in Europe
A major European aluminium producer has warned that the increasing numbers of imported electric cars from China could have a big impact on regional demand. Hilde Merete Aasheim, chief executive of Norsk Hydro, said the company was paying attention to…
Harman Plans to Supply Digital Clusters to Electric Two-wheeler OEMs in India
The company, which has been collaboratively working with passenger vehicle majors, including Tata Motors, Mahindra & Mahindra, and Maruti Suzuki India, in India and offers a host of cockpit and digital solutions, including infotainment, telematics, audio, and digital clusters, intends…
Cake Electric Motorcycles To Be Served In Chinese Market In 2024
Swedish e-mobility specialist Cake has a wide selection of electric two-wheelers that encompass different disciplines of riding. On the one hand, it has a fun-loving electric off-roader called the Kalk, and on the other hand, it has utility-focused machines such…
China Curbs on Graphite Could roil EV Supply Chain in the U.S.
A move by China that could curtail exports of graphite may throw a wrench into the supply chains of electric vehicle and battery makers that rely on highly processed versions of the mineral to help power their fleets of plug-in…
E-Bike Market Projected to Reach $77.2 Billion by 2028
The global E-Bike market is projected to reach USD 77.2 billion by 2028 from USD 51.5 billion in 2023, at a CAGR of 8.4% from 2023 to 2028. The growth in the E-Bike industry is expected mainly because E-Bikes offer…
