Page 3 - Electric Cars

China's BYD to use Huawei's autonomous driving system in off-road EVs

The Bao 8 SUV under the Fangchengbao lineup will be the first BYD model to sport Huawei's Qiankun intelligent driving system

Chinese govt discusses import tariffs on large cars ahead of EU tariff vote

The 27-strong bloc is due to vote in October on whether to adopt additional duties of up to 36.3 per cent on Chinese-made electric vehicles

Roadmap to profitability laid out, electric car off table: Bhavish Aggarwal

Newly-listed Ola Electric has laid out a roadmap to profitability banking on higher volume, vertical integration of supply chain and in-house produced cells, while it has shelved plans to make electric car, according to company founder and CMD Bhavish Aggarwal. The company, which forayed into the electric motorcycle segment last week, will build products that Indians need, which are by a vast majority two-wheelers and three-wheelers, he said in an interaction with PTI editors at the agency's headquarters here. In the first quarter of this fiscal, Ola Electric's automotive segment EBITDA was almost break-even but for a one-time reversal of about Rs 30 crore it had to pay for a change in standard operating procedure in the government for PLI rules, he said, adding the cell segment is at a different stage of evolution. Ola Electric's net loss widened in the first quarter to Rs 347 crore, from Rs 267 crore in the corresponding period a year ago. In FY24, the company's net loss was at Rs

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

Ola is planning the IPO at a lower valuation to ensure higher participation from investors bidding for the IPO shares

Under pressure in China, Mercedes-Benz trims 2024 car profit outlook

The company said it now expected an adjusted return on sales in the range of 10-11 per cent this year, down from its previous target range of 10-12 per cent

GM indefinitely delays plans of self-driving vehicle without steering wheel

In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls

Porsche tones down EV ambitions, says mobility transition will take 'years'

"The transition to electric cars is taking longer than we thought five years ago," Porsche said in a statement

Volvo's Q2 EBIT beats estimates, but cuts full-year forecast citing tariffs

Volvo Cars produced 211,900 cars in the second quarter, more than they sold, as demand for electric cars in Europe has dropped.

Chinese EV giant BYD sets sights on aggressive expansion in Vietnam

Vietnam's government said last year BYD had decided to build a factory to manufacture electric cars in the north of the country but those plans have slowed

Tesla's share of US electric car market slips below 50% for first time

The numbers are the latest sign that Tesla is losing its dominance in a market it in effect created in 2012 when it introduced the Model S sedan

China's BYD launches third EV in Japan, unveils most expensive model

The expansion of BYD, which stands for Build Your Dreams, in Japan could become a worry for domestic automakers

Proxy adviser urges Tesla shareholders to reject Elon Musk's pay package

The opposition comes days after another prominent proxy adviser, Glass Lewis & Co., recommended investors vote down the Musk remuneration plan

Will increase production to meet demand, deliver 120K EVs: Xiaomi

In China, Xiaomi's largest market for its smartphone business, shipments rose 8.6%

Centre to conduct second round of consultation for new EV schemes

The Ministry of Heavy Industries will release policy guidelines and start accepting applications after July 15

Tesla sends top executive Tom Zhu back to China as sales slump worsens

After surging 15 per cent following Musk's Beijing visit, the stock has retraced more than half those gains, as the company deals with a myriad of issues

No Maruti Suzuki EVs for India this year. Wait till FY26: RC Bhargava

The Maruti Suzuki chief said that his company has been capitalising on this SUV surge, adding that MSIL's introduction to the EV market is unlikely until the end of FY25

Maruti Suzuki India plans to sell 2 million vehicles this fiscal year

The company, which is launching the new generation Swift and Dzire models later this year, is hoping to boost overall sales volume

Why rise of hybrid cars is being seen as vital transition phase to electric

The global market for electric passenger vehicles is concentrated in three areas: China, the US, and Europe, which accounted for 95 per cent of global electric sales last year

EVs pile up at European ports as Chinese firms struggle to find buyers

Chinese makers will have to contend with buyer wariness, a lack of brand image, trade protectionism and rapid outdatedness

Statsguru: Record run for electric cars globally, lower pickup in India

The value-conscious nature of the Indian consumer is playing a role. The cost of ownership over the lifetime of the vehicle is significantly lower for electric two-wheelers and three-wheelers