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.
Hyundai Plans Hybrid SUVs Launch by 2027 in India
The decision comes as Hyundai, along with its subsidiary Kia, sees a growing demand for hybrid technology in India.
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.
Hyundai and Kia Partner with Exide for Local EV Battery Production in India
Hyundai and Kia aim to localize their EV battery production in India, with a particular focus on Lithium-iron-phosphate (LFP) cells.
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.
The Price War on Batteries to Reduce the Cost of EVs
China’s CATL, the world’s largest manufacturer of batteries for electric cars, plans to halve its battery costs this year, igniting a price war with Chinese Car maker BYD’s subsidiary FinDreams.
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.