Page 41 - Electric Vehicles

Suzuki's India unit to manufacture first battery-electric SUV for Toyota

Production for battery electric vehicles (BEVs) from Suzuki to begin in spring 2025

EU imposes up to 35% tariffs on Chinese EVs, Beijing takes matter to WTO

Chinese state-owned automotive giant SAIC Motor will pay the top tariff of 35.3 per cent, BYD 17 per cent, and Geely 18.8 per cent, in addition to the standard 10 per cent EU import duty

JSW Group, Korea's Posco partner to develop integrated steel plant in India

JSW Group and South Korea's Posco Group will also be exploring joint ventures in production and manufacturing within the electric vehicle sector

Tata Technologies Q2 results: PAT falls 2% to Rs 157 cr as EV demand slows

Its consolidated profit after tax dropped 2 per cent to Rs 157 crore in the July-September quarter. However, this was also its slowest decline in the three quarters when profits have fallen

Bengaluru startup EMOBI unveils low-speed 2W with multipurpose battery

With this launch, EMOBI aims to capture 20-25 per cent of the market share in India's B2B last-mile delivery sector over the next three years

CCPA questions Ola Electric's 99% resolution rate for 10,000 complaints

Ola Electric came under scrutiny by the Department of Consumer Affairs after customers complained about its EV after-sales service

Mercedes and Porsche's battle with Chinese EVs edges closer to home

The clearest sign of their impact came on Friday, when Mercedes reported its weakest profitability

UK classic sports cars startup RBW EV Cars launches supplier business

CEO Swain said RBW aimed to make 300 of its own-brand EVs annually, and also produce up to 3,000 EV systems for other automakers via its Spirit EV unit

Pension for gig workers; choosing an EV: Top personal finance stories

This week we write about how white-collar freelance professionals can build a retirement corpus and what to look for in an electric car

Tesla shares surge on strong earnings, 30% growth forecast in 2025

Third-quarter results were buoyed by Tesla turning a corner with the Cybertruck, which generated profit for the first time

Tesla aims for paid robotaxis next year but regulatory hurdles remain

On Wednesday, however, Tesla won back some investor confidence by forecasting a jump in vehicle sales next year. In California, in particular, the company will face an uphill climb in securing

GFL subsidiary GFCL EV raises Rs 1,000 cr to drive EV, ESS growth

The company's stock fell 6.94 per cent to Rs 4,386.85 per share on Wednesday on the BSE

Bengal eyeing investments in carbon black industry with EV-driven growth

West Bengal has immense growth potential in the carbon black industry as the sector is expected to witness increasing demand from the electric vehicle (EV) market and battery manufacturing, an official said on Tuesday. Speaking at the Asia Pacific Carbon Black Conference, state Chief Secretary Manoj Pant highlighted the projected compound annual growth rate (CAGR) of 4.8 per cent for the sector over the next decade and invited industrialists to invest in the state's emerging industrial landscape. There is tremendous potential for growth in this industry, particularly as EV demand rises and carbon black becomes integral to both tyres and battery components, Pant said. He reaffirmed the government's commitment to fostering industrial growth and attracting investments while emphasising ongoing efforts to improve infrastructure and streamline policies to create a business-friendly environment. Pant also stressed the importance of sustainability, citing a shift towards green carbon blac

Resolved 99.1% of the 10,644 complaints received from CCPA: Ola Electric

The CCPA had issued a show-cause notice demanding an explanation for the handling of thousands of consumer complaints regarding service deficiencies, and providing 15 days to respond

Apple worked secretly for years with China's BYD on long-range EV battery

Apple doesn't own any of the technology used in BYD's current Blade batteries, the partnership shows just how far the iPhone maker went in its efforts to produce a car

Servotech ties up with Ensmart Power to expand EV charger business in UK

Servotech Power Systems on Wednesday announced its collaboration with UK-based Ensmart Power to expand EV (electric vehicle) Charger business in the UK and beyond. This agreement will capitalise on the rapid growth of electric vehicle adoption in these regions, the company said in a statement. By combining Servotech's innovative EV charging solutions with Ensmart Power's expertise in energy storage and distribution, the partnership aims to provide a reliable and accessible charging infrastructure for consumers, it stated. According to the statement, Servotech Power Systems Ltd, a leading EV charger manufacturer, and UK-based Ensmart Power, a pioneer in critical power, solar, and energy storage systems, have signed a sole distribution agreement to expand their EV charger distribution network across the UK and beyond, including North America. The collaboration will drive the development of green mobility alternatives, contributing to a carbon-neutral transportation ecosystem and sett

Electric car sales slump as misinformation holds back potential buyers

Electric car sales have slumped. Misinformation is one of the reasons

EV shift especially in China likely to disrupt global oil market, says IEA

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a report released Wednesday by the International Energy Agency. In recent years, China has accounted for most of the growth in oil demand and planet-heating emissions, but electric vehicles now make up 40% of new sales of cars there, and 20% of sales globally, putting major oil and gas producers in a bind. The IEA World Energy Outlook 2024 outlines a future where EV adoption continues to gain momentum, potentially displacing up to 6 million barrels per day of oil demand by 2030. The agency said based on current trends and policies and the availability of materials, EV will reach 50% of global car sales in 2030. China already accounts for half the world's electric cars on the road. By 2030, it's projected that 70% of new car sales in China will be electric. With its massive additions of new wind and solar power, China is aligned with its target for ...

Not price cut, but festive discounts: Ola Electric on ARAI notice

The Boss sale of Ola is already under regulatory scanner as the Automotive Research Association of India (ARAI) has raised concerns over the company's recent pricing practices

Festival season, discounts boost Ola Electric's daily average sales

This pricing strategy positions Ola Electric as a formidable contender, making it a tough act to follow in the competitive landscape, said market observers