Page 15 - Electric Vehicles

Inventories of rare earth magnets may run dry by mid-July, says Icra

ICRA warns that rare-earth magnet inventories for EV motors may run dry by mid-July as China tightens export rules, leaving Indian auto makers facing serious supply disruption

No disruption in operations due to rare earth supply crisis: Maruti

Automaker says situation is 'uncertain and evolving' amid report that it has made e-Vitara production cuts

Automakers gear up to roll out EVs without rare earth magnets by FY27

While companies remain tight-lipped about the development, most acknowledge that such a transition is essential to align with the rapid growth of the EV sector

Rare earth, tariffs and geopolitics: Centre walks tightrope on trade deal

Supply-chain disruptions related to rare earth magnets from China are another cause of geopolitical anxiety for the government at this point

Silver prices surge: Top reasons and what to expect in the months ahead

Usage-wise, silver has a 52 per cent demand from industrial applications, and one of the biggest demand growth driver is its use in clean energy applications such as solar energy and electric vehicles

Critical rare earth magnet importers look to invoke 'force majeure'

Since April 4, around 35 importers in India have either not received any shipment of the magnets or have not been granted the import licences by China

Auto sector faces slowdown due to rare earth magnet shortage: Crisil

Automakers may face production delays from July as rare earth magnet supply tightens following China's export curbs, with Crisil warning of disruptions in EV and hybrid output

Free run to bumpy ride: Ola Electric faces challenges on road to future

Unlike services, Ola's foray into product manufacturing comes with a different set of expectations

BYD unleashes EV industry reckoning as price war alarms China's market

Despite government efforts to curb BYD's price cuts, analysts warn weak demand and overcapacity will cut profits for strong brands and force weaker competitors to exit the market

We're the largest gig worker employer in the country: Rapido cofounders

We're currently in over 35 cities with taxis and aim to be present in every district headquarters, says Rapido

Electric vehicles: Why change is needed and how to make it happen

By 2030, the penetration of EV sales would be 70 per cent of all new commercial cars, 30 per cent of private cars, 40 per cent of buses, and 80 per cent of two- and three wheelers

Not sure if good relationship with Elon Musk will continue: Donald Trump

US President Trump says he's disappointed with Musk over opposition to tax bill and EV cuts, as public rift between the two widens

China urges BYD, EV rivals to end price war and avoid cost undercutting

The meeting was hosted by the Ministry of Industry and Information Technology, the market regulator and the top economic planning agency

'Time to drop the bomb': Elon Musk claims Trump named in Epstein Files

Elon Musk claimed Donald Trump is in the Epstein files and said that's why they remain sealed. On the other hand, Trump threatened to cut billions in federal support for Musk's companies

Without me, Trump would've lost: Musk blasts US Prez for 'ingratitude'

Elon Musk claimed President Trump would have lost the 2024 election without him. He criticised the administration's tax bill and accused Trump of ingratitude over electric vehicle credit cuts

India eyes rare earth magnet incentives amid mounting supply concerns

To reduce its dependence on China for rare earth magnets, India is offering financial incentives to companies and drafting a plan to partly subsidise the price gap with Chinese imports

India needs 6,900 acres land, $9 bn EV infra investment by 2030: Report

Nearly 6,900 acre of land and USD 9 billion investments will be required by 2030 for setting up facilities for EV (electric vehicle) manufacturing, lithium-ion battery production and public charging stations, according to Savills India. Real estate consultant Savills India has released report 'Charged for Change: How EVs Are Reshaping Indian Real Estate' stating that the EV market in India has witnessed significant growth in recent years, driven by market forces, government policies, rising environmental concerns, and increasing fuel costs. The government has launched several initiatives to accelerate EV adoption and strengthen the supporting ecosystem. "An investment of USD 7.5 to 9 billion will be required by 2030, primarily for land acquisition and the development of facilities for EV manufacturing, lithium-ion battery production, and public charging stations," the consultant said. In high-adoption scenario, the required investments will be USD 9 billion while USD 7.5 billion wi

Ola Electric's Bhavish Aggarwal topped up collateral as shares tumbled

Aggarwal had raised ₹2.5 bn for generative AI venture Krutrim Data Center Pvt. by pledging Ola Electric equity and he voluntarily put in the extra money since March as the shares dipped below ₹50 each

22 crew members rescued in North Pacific after ship with cars catches fire

The crew of a cargo ship carrying 3,000 vehicles to Mexico, including 800 electric vehicles, abandoned ship after they could not control a fire aboard the vessel in waters off Alaska's Aleutian island chain. A large plume of smoke was initially seen at the ship's stern coming from the deck loaded with electric vehicles Tuesday, according to U.S. Coast Guard photos and a Wednesday statement from the ship's management company, London-based Zodiac Maritime. There were no reported injuries among the 22 crew members of the Morning Midas. Crew members abandoned ship, were evacuated onto a lifeboat and rescued by the crew of a nearby merchant vessel called the Cosco Hellas in the North Pacific, roughly 490 kilometers southwest of Adak Island. Adak is about 1,930 kilometers west of Anchorage, the state's largest city. The crew initiated emergency firefighting procedures with the ship's onboard fire suppression system. But they were unable bring the flames under control. The relevant ...

'One of best things I've ever done': Elon Musk's father visits Ram Temple

Errol Musk, father of Elon Musk, visited Ayodhya's Ram temple, praised India's spirituality, and expressed support for green tech during his trip with Servotech to promote EV infrastructure