Page 62 - Electric Vehicles

Ramkrishna Forgings to supply powertrain components to US' largest EV maker

The company has not disclosed the name of the vehicle manufacturer in its announcement, but sources indicated that it could be Tesla

Elon Musk's Tesla initiates formal dialogue with govt on new EV policy

Meeting attended by other global and Indian OEMs sought to offer clarity on EV manufacturing scheme

Musk vs the rest: Who will be Tesla's biggest competitors in India?

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

Tesla plant likely in India: A look at its gigafactories in other countries

Tesla has six Gigafactories in Fremont, California; Sparks, Nevada; Berlin, Germany; Shanghai, China; Austin, Texas; and Buffalo, New York

Daimler's first electric truck 'eCanter' set for India debut in 6-12 months

The German firm aims for its new trucks and buses to be carbon-neutral in Europe, Japan, and the USA by 2039, and globally by 2050

Tesla's Musk likely to unveil $2-3 billion India investment during visit

Musk's visit comes as Tesla battles slowing sales in the major markets of the United States and China, and has this week announced layoffs affecting 10% of its workforce

Tesla asks investors to approve Musk's $56 bn compensation package again

In its proxy filing issued Wednesday, Tesla also said it will call a vote on moving the company's state of incorporation to Texas from Delaware. The carmaker will convene its annual meeting on June 13

VinFast Q1 results: Loss narrows $618.3 mn even as car sales fall

The company reported a net loss of $618.3 million in the first three months of this year, decreasing 12.3% from the fourth quarter, the company said in a filing

Tesla layoffs: Global job cuts to impact leading markets US, China

Tesla faces increasing competition in China in a fierce price war with rivals led by BYD, slowing sales in the United States, as well high investment costs in new models and artificial intelligence

Likely to make next-generation EV batteries by early 2029: Nissan

Nissan expects to mass produce electric vehicles powered by advanced next-generation batteries by early 2029, the company said Tuesday during a media tour of an unfinished pilot plant. Japan's legacy automakers have fallen behind newer rivals like America's Tesla and China's BYD in the emerging all-electric auto sector. But Nissan, like other companies, sees a chance to catch up and perhaps leap ahead with a new kind of battery that promises to be more powerful, cheaper, safer and faster to charge than the lithium-ion batteries in use today. Solid-state batteries, which replace the corrosive liquids found in conventional batteries with solid metals, are widely seen as the next step for EVs, and leading automakers are racing to develop versions that can be mass produced. Rivals like Volkswagen and Toyota have also announced efforts to produce solid-state EVs, with Toyota setting a date of 2027-28 to begin bringing them to market. But substantial challenges remain before the technol

Ola Electric reduces prices of entry-level e-scooter by up to Rs 10,000

Ola Electric on Monday slashed prices of its entry-level scooter S1 X by Rs 5,000 to Rs 10,000 across variants, bringing it at par with conventional scooters. The new S1 X was launched in February this year with a price range of Rs 79,999 to Rs 1,09,999 across three variants. In a virtual address, Ola Electric Chief Marketing Officer Anshul Khandelwal said the prices of the company's entry-level scooter have been reduced with immediate effect and deliveries would start next week. Under the new prices, S1 X with 4kWh battery will now cost Rs 99,999, down from Rs 1,09,999 announced earlier. Similarly, S1 X with 3kWh battery has been priced at Rs 84,999 instead of Rs 89,999 earlier. The S1 X 2kWh battery variant will cost Rs 69,999 (introductory price), reduced from Rs 79,999 earlier, he said. "We feel that India needs much more. India needs a price at which they (consumers) can truly adopt EVs," Khandelwal said. An average scooter is priced at Rs 1 lakh, he said adding consumers hav

CATL Q1 results: Profit increases 7% to $1.45 bn, Moody's upgrades rating

CATL produced a profit of 10.5 billion yuan ($1.45 billion) for January-March, off the back of a 10.4% drop in revenue to 79.8 billion yuan

BP's electric vehicle charging arm reduces over a tenth of workforce

The move comes as automakers across the world tighten their belts amid a slower than expected uptake of EVs

Leasing of batteries for 3-wheelers to be rolled out soon in Kolkata

On the streets of Kolkata and surrounding areas, e-rickshaws, popularly known as 'toto', are set to be powered by lithium-ion batteries with the rolling out of a battery leasing model, officials said on Sunday. Neuron Energy, a lithium-ion battery maker, has joined hands with Urja Mobility to spearhead the leasing model which has so far been heard only in the business-to-business EV sector, they said. "We're kick-starting this journey from Bengal, offering lithium-ion batteries for e-rickshaws on a lease model with our financing partner, Urja Mobility. Our sights are set on expanding to other markets soon," said Pratik Kamdar, CEO & Co-Founder of Neuron Energy. This will empower e-rickshaws, with GPS-enabled lithium-ion batteries, zipping through the lanes of Kolkata, he said. "Together, we are targeting a fleet of 50 lakh e-rickshaws across the country, with a significant number in this state, aiming to replace the outdated lead-acid batteries with modern, efficient, and ...

EVs head for junkyard as mechanic shortage inflates repair costs in UK

Once there are more fully trained EV technicians, repair rather than replace becomes a more viable proposition, an expert said

Silent drive: Electric vehicle capital Hosur navigates the election circuit

Beyond the buzz of Ola and Tata, Hosur ignites India's electric evolution, quietly

Citroën becomes the first multinational carmaker to export EVs from India

Citroën despatched 500 units of the Made-in-India ë-C3 to Indonesia from the Kamarajar Port

Tata Motors and Shell partner to expand EV charging network in India

This collaboration is expected to address the challenge of limited charging infrastructure, which is a major hurdle for the wider adoption of electric vehicles in India

BMW EV sales surge in Q1 even as rivals struggle with weak demand

Customer deliveries of battery-powered models such as BMW's i4, iX1 and i7 jumped 41% in the three months through March compared to the same period last year, the company said Wednesday

BYD got €3.4 bn in aid from Chinese govt to dominate EVs, finds study

Aid for China's leading EV maker jumped from €220 million in 2020 to €2.1 billion only two years later, Germany's Kiel Institute for the World Economy said Wednesday