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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
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India Probing Three EV Makers For Fraudulently Taking Subsidies: Report
India is investigating three electric vehicle makers for fraudulently availing government subsidies totaling Rs 2.97 billion, the Ministry of Corporate Affairs (MCA) said on Monday.
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
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Elon Musk's Tesla Promises Paid Robotaxis Next Year
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim likely to face significant regulatory and technical challenges.
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Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
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Ola Electric IPO Opens Subscription: Here's Everything You Need To Know
The initial public offer (IPO) of electric vehicle (EV) maker Ola Electric mobility opened for subscription on Friday, August 2.
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PM Modi Plans Post-Election Reforms To Rival Chinese Manufacturing
Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter
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"Distressing": Indian Woman In US Among 10% Of Employees Laid Off From Tesla
An Indian woman in the US recently took to LinkedIn to share her sudden layoff by electric vehicle maker Tesla.
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Tesla Asks Shareholders To Reapprove $56 Billion Pay Deal For Elon Musk
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a US court earlier this year.
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Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
Elon Musk-owned electric vehicle maker Tesla is planning to lay off over 10% of its global workforce, citing duplication of roles as the reason behind the job cuts.
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Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
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Xiaomi SU7 Deliveries Set to Begin in China Amid Brutal Price War
Xiaomi SU7 (Speed Ultra 7) deliveries will begin this month, according to the company. The smartphone maker said that it has 59 stores in 29 cities in China that will take orders for the electric vehicle that is claimed to be capable of delivering acceleration speeds faster than Tesla and Porsche's EVs.
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Vietnam's VinFast Seeks EV Import Duty Cut as Plant Construction Starts in India
Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday.
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India Trade Department Backs Lower Tax On Hybrid Cars In Green Push
India's trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters.
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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
-
India Probing Three EV Makers For Fraudulently Taking Subsidies: Report
India is investigating three electric vehicle makers for fraudulently availing government subsidies totaling Rs 2.97 billion, the Ministry of Corporate Affairs (MCA) said on Monday.
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
Xiaomi SU7 Ultra With HyperEngine V8s Electric Motors to Debut on October 29: Everything We Know
Xiaomi SU7 Ultra was first unveiled in July as the company’s latest prototype electric vehicle (EV). The Chinese company, which is primarily a maker of consumer-centric devices like smartphones and tablets, delved into the automotive industry earlier this year with the launch of the Xiaomi SU7. After months of testing, Xiaomi SU7 Ultra is all set...
-
Elon Musk's Tesla Promises Paid Robotaxis Next Year
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a claim likely to face significant regulatory and technical challenges.
-
Ola Electric's Dominance Fades as Country's E-Scooter Battle Intensifies
Ola Electric, which made its stock market debut about two months ago, sold 23,965 vehicles in September, recording a month-on-month decline for the second consecutive month.
-
Ola Electric IPO Opens Subscription: Here's Everything You Need To Know
The initial public offer (IPO) of electric vehicle (EV) maker Ola Electric mobility opened for subscription on Friday, August 2.
-
PM Modi Plans Post-Election Reforms To Rival Chinese Manufacturing
Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter
-
"Distressing": Indian Woman In US Among 10% Of Employees Laid Off From Tesla
An Indian woman in the US recently took to LinkedIn to share her sudden layoff by electric vehicle maker Tesla.
-
Tesla Asks Shareholders To Reapprove $56 Billion Pay Deal For Elon Musk
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed by a US court earlier this year.
-
Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
Elon Musk-owned electric vehicle maker Tesla is planning to lay off over 10% of its global workforce, citing duplication of roles as the reason behind the job cuts.
-
Xiaomi SU7 Price Teased by CEO Lei Jun Ahead of Official Launch
Xiaomi's CEO said on Monday his goal for the firm's first electric vehicle was that it would be the "best looking, easiest to drive and smartest car" priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday evening announce its official price range and start takin...
-
Xiaomi SU7 Deliveries Set to Begin in China Amid Brutal Price War
Xiaomi SU7 (Speed Ultra 7) deliveries will begin this month, according to the company. The smartphone maker said that it has 59 stores in 29 cities in China that will take orders for the electric vehicle that is claimed to be capable of delivering acceleration speeds faster than Tesla and Porsche's EVs.
-
Vietnam's VinFast Seeks EV Import Duty Cut as Plant Construction Starts in India
Vietnamese electric vehicle maker VinFast has asked India to reduce import duties on its cars for about two years so customers can get familiar with its products while a local manufacturing plant comes on stream, an executive said on Sunday.
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India Trade Department Backs Lower Tax On Hybrid Cars In Green Push
India's trade department has backed lowering taxes on hybrid vehicles to help the transition to cleaner energy sources, following demands by Japanese car makers, five government and industry sources told Reuters.
