Indian EV Company Wardwizard bags $1.29 billion order from Philippines
The agreement, signed through a Memorandum of Understanding (MoU), will see WIML supply the Philippines with its existing electric two-wheeler and three-wheeler models.
Kia Unveils New EV3 Electric SUV with 600km Range
This compact SUV is scheduled for a South Korean launch next month, with European markets following by late 2024.
Tesla Seeks Investment Boost; Musk Courts Buffett
On social media, Musk responded to a suggestion that Berkshire Hathaway, Buffett’s investment firm, should shift its holdings from Apple to Tesla. Musk called it an “obvious” move for the value-oriented investor.
The World’s EV Fleet Continues to Grow Strongly, with 2024 Sales Set to Reach 17 Million: IEA
This represents a continuation of the robust growth witnessed in the first quarter, where sales jumped 25% compared to the same period in 2023. Notably, the number of electric cars sold in the first three months of 2024 is already roughly equivalent to all the electric car sales in 2020.
Tesla Eyes India for Electric Vehicle Factory
The potential plant is estimated to cost between $2 billion and $3 billion. The report, citing sources familiar with the plans, suggests Tesla is focusing on established automotive hubs in Maharashtra, Gujarat, and Tamil Nadu.
Xiaomi Electrifies the EV Market: SU7 Debuts with 90,000 Orders in 24 Hours
The SU7 boasts impressive features, including a claimed range of up to 800 kilometres on a single charge and a 0-to-100 km/h acceleration time of a mere 2.78 seconds. The top speed is 265 kilometres per hour.
JSW MG Motors JV Targets 1 Million EV Sales by 2030
The JV aims to capture 33% of the new energy vehicle market within the decade.
India Govt Approves New Electric Vehicle Policy: Will Tesla Enter India?
The policy mandates a minimum investment of ₹4150 crore ($500 million) with no upper limit on investment. Under this policy, companies are required to establish their manufacturing facilities in India within three years and start commercial production of EVs.
Electric Vehicles Emit More Particle Pollution, Claims Study
The brakes and tyres on EVs release 1,850 times more particle pollution, claims the study.
Xiaomi Makes Big Bet on Premium Electric Car Market
The company, known for its affordable smartphones and smart home devices, surprised many by unveiling its first EV, the SU7, at the Mobile World Congress in Barcelona.