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Tesla earns more money for every vehicle it sells than any of its global rivals. Now, Chief Executive Elon Musk is using that superior profitability as a weapon in the EV price war he started. Tesla, once one of the auto industry’s biggest money losers, has…
Audi saw a significant growth in the sale of EVs in the year 2022 globally, as the German manufacturer registered a sales figure of over 1 lakh EVs in the year. To be precise, the Volkswagen Group-owned brand delivered 1,18,196 electric vehicles globally in…
Indonesia’s government plans to offer a subsidy of more than $5,000 on every sale of an electric car, a minister said on Wednesday. It will also offer incentives to encourage purchases of electric motorbikes as well as hybrid cars, Industry Minister Agus…
Hyundai Motor Group and SK On said Thursday they will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker’s U.S. assembly plants. Hyundai Motor Group and SK On, the lithium-ion battery subsidiary branch of SK…
Vietnam’s electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol “VFS” to fund its expansion with a planned plant in North Carolina. VinFast, which began…
VinFast had shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in Vietnam for markets in North America and Europe. The company said that the first cars are expected to be handed over to customers by the…
Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, the company said in a filing made public Saturday. The news follows the company’s recall on Friday of nearly 30,000 Model X cars in…
Slovakian battery maker InoBat said on Monday it has signed declarations of intent with the Serbian government to build an electric vehicle (EV) battery factory in the Balkan country with a capacity of up to 32 gigawatt hours (GWh). The plant would open with…
The Indonesia Investment Authority, the country’s sovereign wealth fund, is to set up a green electric vehicle (EV) fund of at least $2 billion with China’s battery maker CATL and CMB International, the fund’s CEO said on Monday. The announcement was made in…
Tata Motors has announced achieving a new production milestone with the roll out of its 50,000th electric vehicle in India. The milestone EV, which was a Tata Nexon EV Max, rolled out from the assembly line, at the company manufacturing plant in Pune,…
The Indonesian government seems to be pulling up its socks in a bid to catch up with other markets in the EV space. According to a Reuters report, Indonesia invited Ford Motor Company and Hyundai Motor Company to set up its operational base related to…
On August 25, Mercedes-Benz India recorded 2,46,000 views on its Twitter handle for the Mercedes-AMG EQS 4 MATIC+ launch live stream. And ever since it stepped in the Indian luxury EV space with the EQC electric SUV, the brand has observed a steady rise in…
The sometimes maligned but nevertheless delicious red-headed stepchild of Australian fast-food chains, Red Rooster, has partnered with Evie Networks to roll out EV charging at its stores across the country. Red Rooster and Evie Networks on Monday celebrated…
Subaru is another Japanese automotive player which is suddenly turning turtle and announcing massive investments in electric powertrains. It has announced plans to build a dedicated EV assembly plant in 2027 as a part of a multi-billion dollar investment…
Ford India has shelved its plans to manufacture EVs in India. The carmaker had as part of its ongoing business restructuring applied for the Indian Government’s Product Linked Incentive (PLI) scheme. Under the PLI scheme, Ford had considered utilizing one of…
Electric scooter rental firm Dott said on Tuesday it had raised an extra $70 million which it will use to roll out new e-bikes, expand into new cities and countries and offer more services. Amsterdam-based Dott had announced $85 million in the Series B…
