Warren Buffett-Backed Chinese Electric Car Company Outsells Its Start-Up Rivals
Chinese automaker BYD is selling far more luxury electric sedans a month than the leading start-ups in the country, even though sales of electric passenger cars fell 11% last year. BYD, backed by American billionaire Warren Buffett, disclosed that sales…
eBikeGo Offers An Affordable Monthly Subscription Of Electric Scooters For Easy Commuting
The entire world is facing a global economic crisis due to the ongoing pandemic. As the country enters its third phase of nationwide lockdown, the government has also given some relaxation in some areas according to the zones, red, orange…
Hero Electric Launches Unique Three-Day Return Scheme
As more and more showrooms and dealerships reopen in India, most automakers are using lucrative discounts and benefits to encourage customers to start buying vehicles again. And the latest company to jump on this bandwagon is Hero Electric, the country’s…
Kia Motors Europe Outlines Plans For EV Sales Growth
At the start of the year, Kia Motors announced ‘Plan S’, a new mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry, encompassing electrification and mobility services, as well as connectivity and autonomy….
China Promises Subsidies To Boost Falling Electric Car Sales
China is promising more subsidies to shore up plunging electric car sales amid the coronavirus pandemic but set limits that exclude Tesla’s made-in-China model. Subsidies and tax breaks that were due to end this year will be extended by two…
Lower Oil Prices To Decimate Electric Vehicles Sales
According to a study by Wood Mackenzie, the coronavirus outbreak, potential delays to fleet purchasing due to lower oil price and a wait-and-see approach to buying new models have all contributed to a decrease in the projected sales of EV….
