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    • Xiaomi shares tumble after fatal crash of SU7 electric car in Chengdu sparks safety concerns

      Xiaomi stock dropped as much as 8.7 percent to HK$47.5 on Monday, its lowest level since April 30, marking its biggest one-day decline since early April.

    • JSW Motors, KPIT Tech partner to ramp up digital abilities for new energy vehicles

      JSW Motors also highlighted plans to invest $3 billion over five years to develop and make electric, hybrid, and plug-in hybrid cars in India. Under the partnership, KPIT will set-up a dedicated center of excellence for JSW Motors.

    • India's EV ambition in the fast lane, market share can touch 7 percent in two years, says CareEdge

      Aside of the push for charging infrastructure, the note said India needs to resolve in a time-bound manner the rare earth supply disruption from China, currently hampering production timelines for some automakers.

    • Tesla likely to begin first deliveries in India from August

      Deliveries are expected to start from late August, a separate person familiar with the development said. Customers will be able to configure and order their Tesla EVs from next week, the person added.

    • BYD sales top Tesla as tech focus wins over Chinese drivers

      Shenzhen-based BYD reported revenue of 777 billion yuan ($107 billion) for the 12 months ended Dec. 31, up 29%, according to a filing late Monday, beating estimates for 766 billion yuan. Tesla’s 2024 revenue was $97.7 billion.

    • Maruti Suzuki to showcase 'production ready' electric Vitara at upcoming Bharat Mobility Expo

      Maruti Suzuki said the eBorn SUV, which was recently unveiled by Suzuki Motor Corporation at Milan, Italy, is production ready, and a manufactured in India, for the world.

    • Vietnam's VinFast gets funding boost from parent, founder ahead of next year's India plans

      Vingroup also said it will convert all existing loans of about $3.3 billion to VinFast Vietnam into dividend-entitled preferred shares, a move that will help address the "short-term financial pressure" on the EV maker.

    • Amitabh Bachchan adds an electric BMW i7 sedan worth Rs 2 crore in his car collection

      Bollywood icon Amitabh Bachchan, widely regarded as one of the most revered actors in Indian cinema, recently expanded his enviable car collection with the addition of a luxurious electric vehicle, the BMW i7. Valued at over Rs 2 crore, this cutting-edge luxury sedan marks a milestone in Bachchan’s ongoing passion for automobiles

    • Windsor will become our top seller, raising EV share in sales to over 50% by year-end: JSW MG Motor CEO Emeritus Rajeev Chaba

      The company is offering the Windsor at Rs 9.99 lakh plus Rs 3.5/km for battery. It has also introduced an ownership plan through a Battery-as-a-Service (BaaS) offering and claimed that owning the Windsor, an electric CUV, will be at the price equivalent of a manual engine-based compact SUV.

    • Centre considering incentives for electric ambulances, police vehicles under FAME III, additional sops for scrapping

      The scheme is likely to have incentives for electric buses, three-wheelers and two-wheelers. New categories like electric trucks, tractors, mining equipment and charging infrastructure could also be included.

    • Hyundai, Kia to launch first India-made EVs next year

      Production of Hyundai's locally manufactured EVs will begin by the end of 2024 and will be launched by 2025, along with Kia's India-made EV, the Hyundai Motor Group said in a statement on Thursday, adding that it would unveil five models by 2030

    • Telangana govt in talks with Tesla to set up electric car plant

      In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by global giants, and as part of its focus, Tesla's planned investment initiatives in India are also being tracked.

    • Global electric car sales in February hurt by China's New Year celebrations

      The company said global sales hit 800,000 units. Sales in Europe grew 12% versus February of last year and rose 31% in the U.S. and Canada, but they fell 12% in China.

    • Talks with Tesla to slow down until general elections 2024: Government official

      Officials say that although Tesla is keen on its India foray, it does not see India as a huge market just yet. Its charging infrastructure will take a few years to develop and only then can it think of a presence here, they say.

    • With the price drop in EVs, has Tata Motors set the cat among ICE pigeons?

      While EV prices have surely dipped, the common worries of range anxiety, charging infrastructure, and resale value continue to plague the EV market

    • Tata Motors says electric passenger car biz has broken even; eyes PLI funds

      The company says no plans currently for raising capital in the EV arm.

    • First look: China’s Xiaomi unveils SU7 sedan, its first electric car

      The SU7 sedan is a highly anticipated model and could share operating system with the company's range of popular phones. In its efforts to diversify beyond its core business to EV, Xiaomi has pledged to invest $10 billion in autos over a decade.

    • There’s never been a better time to buy an electric car

      If that’s a bit rich, there’s an Ariya, Nissan’s all-new EV, listed for $36,690 in Kansas City — a discount of 18%. More affordable still is the $29,990 Hyundai Kona Electric available in Atlanta. That’s a 31% discount, making it almost as cheap as the gas-burning version.

    • A two-speed electric car market is heading for a crash

      One reason that conventional vehicles are so profitable at the moment is precisely that investment in them is being wound down. Product lines are getting simplified and R&D pared back. That reduces the cost base and lifts profit margins — but if transition to EVs gets delayed, IC engine product offering risk becoming stale

    • Electric car ‘kidnaps’ owner, brakes stop working: ‘It was running on its own’

      A Scottish man was left terrified after being kidnapped by his electric car. He eventually had to crash the car into a police van to get it to stop.

    • Anand Mahindra to gift electric car to Praggnanandhaa's parents

      Anand Mahindra has decided to gift an electric XUV400 to Praggnanandhaa's parents after the chess prodigy’s remarkable performance in the FIDE World Cup

    • Mahindra BE.05: All you need to know about Mahindra’s first born-electric SUV

      The Mahindra BE.05 was first showcased in concept form almost a year ago and the company has unveiled the car again. The company’s lead designer, Pratap Bose, has also teased the SUV on his Instagram handle

    • Short Call | Retail now the smart money, hotel stocks in demand, wired for profit, lure of gold

      Stocks may be booming, but having been through the correction between October 2021 and March 2022, many investors may have realised the truth in the adage that trees don’t grow to heaven.

    • In Pics | Kia EV9 EV to launch in India next year: Here is what you need to know

      Kia will add more models to the market, such as the EV9, as part of the new strategy in India, Kia 2.0, and will also double its contacts to roughly 600 in order to increase its sales and market share in the country.

    • Why Are Electric Car Names So Bad?

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