Red Sea Crisis is Disrupting the Electric-Car Industry
Automotive giants Tesla and Volvo have announced pauses to the production of their electric vehicles (EVs) in Europe. Electric vehicles are seeing record sales and demand worldwide, but a lack of parts means that factories cannot sustain their production. The…
Ola IPO Will Drive Indian EVs Back to the Future
India’s electric vehicle makers are stepping into the spotlight. Ola Electric Mobility is revving up an initial public offering and could spark something akin to the mania that fueled share sales by Chinese upstarts like Nio a few years ago….
Global Auto Market to Grow Modestly as China Leads EV Adoption
The global automotive market is projected to grow modestly this year, with a 1.6 percent increase to 84.12 million units signaling a tempered post-pandemic recovery, as global carmakers are looking to adopt strategies from Chinese carmakers to spur mass adoption…
International Battery Company Powers up with $35M Funding to Bridge EV Gap in India
International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV market in India. Led by RTP Global, the pre-Series A round saw…
Rolls-Royce Spectre EV to Debut in India on Jan 19, 2024
Rolls-Royce is set to make a groundbreaking entry into the Indian electric vehicle market with the official launch of its first electric vehicle, the Spectre, scheduled for January 19, 2024. This move follows the delivery of the first Spectre unit…
Electric 2-wheeler Sales up 17% in India as Electrification Improves
Electric two-wheeler (E2W) sales volume in India rose 17 per cent year-on-year in December as electrification improved after a recent hiatus, a report showed on Wednesday. In the E2W space, Ola Electric (Ola) remained the market leader by volume and…
Delhi Had Highest Share in Total EV Sales in Country in December
Delhi Finance Minister Kailash Gahlot on Tuesday announced that the national capital had accomplished a remarkable milestone by recording massive sales of electric vehicles (EVs), which accounted for 19.5 per cent of total vehicle sales in December. This is the…
Electric 3-wheeler sales clock 66% growth in CY2023 to over 581,000 units
In India’s fast-growing electric vehicle industry, the two- and three-wheeler segments, which are the most affordable compared to their four- and more-wheeled brethren, are setting the pace. While the electric scooter and motorcycle segment leads in terms of sheer volumes,…
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,…
