China Evergrande EV Unit To Issue Fresh Shares In Restructuring Plan
Embattled property developer China Evergrande Group said on Monday (Aug 14) its listed electric-vehicle arm has agreed to issue new shares to certain subscribers to ease loan burden and improve liquidity as part of its restructuring proposal. Under the terms,…
Hyundai partners Chinese EV firm for charging services in China
Hyundai Motor Group said on Monday it has partnered with Chinese electric vehicle (EV) charging service information provider NaaS Technology for future EV charging business opportunities. Hyundai signed an initial pact with Naas at the Chinese firm’s headquarters in Beijing on Monday to jointly develop customized EV…
Joy E-bike Becomes Title Sponsor For India Tour Of Ireland
Wardwizard Innovations & Mobility Ltd., the manufacturer of electric vehicles under the brand ‘Joy e-bike’, has announced its association as ‘Title Sponsor’ with the India Tour of Ireland 2023. “This significant collaboration will recognize the tournament as the ‘Joy e-bike…
India Likely To Cancel Major Electric Bus Tender
The third tender for 4,675 electric buses for India, published in January 2023, is likely to be a flop. Apparently, there was not much interest from the industry – because of the financing model chosen in the tender. As reported…
Chery & Huawei’s Luxeed EV Unveiled in China
The Luxeed pure electric sedan, which Huawei and Chery jointly developed, has garnered a lot of interest in the Chinese auto industry & motoring press alike. Soon after Yu Chengdong, Executive Director of Huawei, made the announcement, Luxeed’s official photographs…
General Motors JV Launches Baojun Cloud EV In China Starting Under $14K
GM’s joint venture (SGMW) launched the Baojun Cloud electric hatchback on Thursday in China, starting at 95,800 yuan ($13.2K). SGMW is a joint venture between General Motors, SAIC, and Wuling Motors in China. The company sells vehicles under the Wuling and…
Tata Motors EV Family Is Now 1 Lakh Strong
Tata Motors, India’s leading automobile manufacturer and the pioneer of the EV revolution in India, today announced the achievement of an outstanding milestone of 1 Lakh Tata EVs. This momentous journey underscores Tata Motors’ unwavering commitment to driving positive change…
Foxconn Considers India For EV Manufacturing Hub, Targets 5-7 Lakh EVs By 2025
Foxconn is also aiming to establish a compound semiconductor fabrication plant in India, focusing on gallium nitride and silicon carbide chips. Foxconn Technology Group, the world’s foremost contract electronics manufacturer, is actively considering India as its third worldwide hub for…
Routes Of Electric Trackless Vehicles May Be Inspired By Honeybees
The foraging behaviour of honeybees might be a useful tool in figuring out the best, most energy-efficient routes for electric trackless rubber-tired vehicles (ETRVs) which are crucial for mining operations and transportation. New research out of Tsinghua University explains that…
General Motors JV Launches Baojun Cloud EV In China Starting Under $14K
GM’s joint venture (SGMW) launched the Baojun Cloud electric hatchback on Thursday in China, starting at 95,800 yuan ($13.2K). SGMW is a joint venture between General Motors, SAIC, and Wuling Motors in China. The company sells vehicles under the Wuling and…
