Page 59 - Electric Vehicles

Tesla pullback puts onus on other firms to build electric vehicle chargers

"There is certainly a psychological component," said Robert Zabors, a senior partner at Roland Berger, a consulting firm. "Availability and reliability are critical to overall EV adoption."

Information from three Chinese EV manufacturers insufficient, says EU

Geely is insufficient, it could use evidence available elsewhere to compute tariffs, a move that can inflate them

Over 90% of fund gets used before FAME deadline; supports 1.5 mn vehicles

Government officials stated that some more funds will also be utilised for vehicles that were sold before 31 March but have not yet applied for incentives

Large order book, EV growh to drive auto parts maker Sona's growth

Company gains market share in its top three markets of North America, India, EU

Month after EMPS rollout: Ola market share grows to 53%, registrations drop

Ola gained market share because its decline was much lower than the industry average

M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?

With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years

Why future of cars does not look electrified

Electric cars, despite a goods and services tax (GST) rate of 5 per cent, are a shade above 2 per cent of all cars sold

Hyundai India to have 5 new EVs by 2030, launch first electric SUV in 2024

Company will 'proactively build' charging stations to facilitate the adoption of EVs in country

Electric cars, digital connectivity dominate at Beijing auto show

Global automakers and EV startups unveiled new models and concept cars at China's largest auto show on Thursday, with a focus on the nation's transformation into a major market and production base for digitally connected, new-energy vehicles. Toyota and Nissan both announced tie-ups with major Chinese technology companies as they strive to meet customer demand for AI-enabled online connectivity in cars, from social media apps to autonomous driving features. Electric vehicles accounted for about a quarter of all auto sales in China last year. Hybrids, which have trailed EVs, are expected to be a growing segment going forward. China's largest EV maker, BYD, showed off two dual-mode plug-in cars that can run either solely on electricity or as hybrids. The other is a hybrid off-road SUV from its luxury Yangwang brand in the 1 million Yuan-plus (USD 1,40,000) range. China's EVs, represented by (BYD's) Qin and Han series, have successfully realized the large-scale replacement of traditio

India seeks overseas help for lithium processing to avoid relying on China

New Delhi is in the process of auctioning its first mining rights to lithium blocks, which were discovered last year in the Jammu and Kashmir region and the states of Chhattisgarh

VinFast chief plans to invest $1 bn more from his fortune in EV maker

Pham Nhat Vuong also said Vingroup was considering listing its hospitality unit Vinpearl this year

Tesla's shift on low-cost cars throws India investment plans into limbo

The world's top EV maker said it plans to raise production by 50% from 2023 to its current capacity of close to 3 mn vehicles before investing in new manufacturing lines

Tata Passenger Electric Mobility bags order to supply 2,000 XPRES-T units

Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units. The company will begin deliveries of the cars to Vertelo in a phased manner, Tata Passenger Electric Mobility (TPEM) said in a statement. The company said with over 89 per cent market share in FY24, the fleet segment has seen a rapid adoption by corporates and institutions. "Such collaborations in the industry will further help strengthen our market position amidst India's EV revolution," TPEM Chief Commercial Officer Vivek Srivatsa stated. This partnership aims to bring together two business that are at the forefront of fleet electrification and decarbonisation in India, Vertelo CEO Sandeep Gambhir said. In July 2021, Tata Motors launched the 'XPRES' bran

Chinese electric vehicle suppliers prefer tech tieups, shun 'risky' JVs

China is the largest cell and battery manufacturer in the world. Its companies have explored a possible entry to India but did not proceed due to stringent FDI norms for companies from China

RIL, JSW Neo, Amara Raja among 7 bidders for gigawatt battery production

The seven companies have collectively applied for a cumulative capacity of 70 GWh, the Ministry of Heavy Electricals informed

Expect capex for EV components to cross Rs 25K cr in next 3-4 years: Icra

The auto component industry is expected to invest over Rs 25,000 crore in the next 3-4 years to expand production of electric vehicle parts, rating agency Icra said on Tuesday. EV penetration in the country has reached 4.7 per cent in FY2024, with much of it driven by the electric two-wheeler segment, although e-three-wheelers and electric buses have also contributed to the same, it said in a statement. There has been substantial localisation in traction motors, control units, and battery management systems over the years, Icra said. However, advanced chemistry batteries, which remain the most critical and the costliest component, accounting for almost 35-40 per cent of the vehicle price, are imported, it added. The low localisation levels give rise to manufacturing opportunities for domestic auto component suppliers, it said. "Icra expects at least Rs 25,000 crore of capex for EV components in the next three-four years, for capacity building, technology and product enhancements,"

Electric car sales likely to rise but affordability in focus, says IEA

Ten million of those vehicles are expected to be sold in China

Macquarie Group drives in $1.5 billion EV fleet electrification play

It's designed to speed up adoption of EVs and support India's e-mobility transition

Chinese EV manufacturers may be excluded from India's policy concessions

India will continue to allow imports of Chinese BYD vehicles but will not be extending investment opportunities

Automakers from GM to Volvo eye cuts as 2-way EV charging becomes real

For many years V2G remained largely theoretical, as the Nissan Leaf was the sole EV capable of it