Snubbed by Tesla, Mexican Government Pledges to Create its Own Small, Affordable Electric Car
Snubbed by Tesla TSLA-Q, Mexico’s new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous,” or expensive, for the Mexican market anyway. Tesla’s…
Tesla Power India, E-Ashwa Automotive to Launch India’s 1st Electric Two-wheeler With Fire Safety Technology
Tesla Power India Pvt. Ltd. and E-Ashwa Automotive have announced their partnership to introduce the first electric 2W vehicle (EV) in India with a built-in fire suppressant system. This new feature is expected to improve safety standards for EVs across…
Tesla In Talks With RIL For EV Plant In India
Electric car maker Tesla Inc is said to be in talks with Reliance Industries Ltd to set up an electric vehicle manufacturing unit in India. Tesla is said to have committed USD 2 billion to its upcoming plans in India….
Tesla to Scout Sites in India for $2 billion-$3 billion EV Factory
Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday, citing people familiar with the matter. The…
India Approves New EV Policy in Boost to Tesla’s Market Entry Plans
India on Friday said it will lower import taxes on certain electric vehicles for companies committing to at least $500 million in investment and a manufacturing facility within three years, potentially bolstering Tesla’s market entry plans. The new policy mandates…
Ford EV Owners Can Now Charge on Tesla’s Network, but They’ll Need an Adapter First
Owners of Ford electric vehicles can now use much of Tesla’s charging network in the U.S. and Canada, but there’s a hitch. They’ll need to get an adapter that Ford will provide for free, although the company won’t start shipping…
Ford’s Developing A Cheap EV Platform To Fend Off Tesla And Chinese EVs
A small team within Ford has spent the last two years developing a low-cost platform for smaller electric vehicles, CEO Jim Farley said on Tuesday. “We made a bet in silence two years ago,” Farley told investors during the company’s…
China’s BYD and US EV Rival Tesla Gain Favour with Norway’s US$1.5 Trillion Wealth Fund
Norway’s US$1.5 trillion wealth fund boosted its holdings in Tesla and Chinese electric vehicle leader BYD in 2023 as the companies scaled up production of plug-in cars. Tesla moved up to the fund’s 11th biggest holding at the end of…
Elon Musk Says Chinese Electric Car Brands Could ‘demolish’ Rivals as Tesla Earnings Fall
Tesla became the most valuable automaker in the world promising unmatched sales growth. But in the face of growing EV sales by rival brands, Tesla Wednesday backed off its former bullish sales targets. Tesla has been cutting prices for more…
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…
