The government is likely to come out with guidelines on the new electric vehicle (EV) policy in the coming days after which it can become fully functional in the next few months. Sources in the know have told businessline that some of the manufacturers have requested the government to include brownfields also in the definition … Read more
Tesla has cleared some key regulatory hurdles that have long hindered it from rolling out its self-driving software in China, paving the way for a favourable result from Elon Musk’s surprise visit to the US automaker’s second largest market. Tesla CEO Musk arrived in the Chinese capital on Sunday where he was expected to discuss … Read more
Google announced new features for Maps and Search on Earth Day (April 17). The latest update is tailored for electric vehicles and lets travellers find specific information about the location of EV chargers, plan charging stops for road trips and more. The search giant will show AI-generated navigation information describing the charger’s specific location based on … Read more
U.S. Treasury Secretary Janet Yellen told Chinese Premier Li Qiang on Sunday that the ability to have difficult conversations has put the two economic superpowers on “a more stable footing” over the past year. As they began a meeting in Beijing, Li responded that the two countries needed to respect each other and should be … Read more
The Tamil Nadu government plans to develop a new auto cluster from scratch at Thoothukudi in southern Tamil Nadu due to the EV manufacturing project of VinFast and to support future auto investments. Also read:Indian enterprises generated nearly half of AI/ML transactions in APAC: Report “Chennai is a very big cluster in the automotive sector. … Read more
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder Lei Jun told a packed room whose attendees … Read more
Chinese electric-vehicle (EV) maker Xpeng announced plans to launch a cheaper brand, entering a highly competitive segment amid intense price competition in the EV industry.Models of the brand, to be launched within the next month, will be priced between 100,000 yuan and 150,000 yuan ($14,000-$21,000), Xpeng Chairman and CEO He Xiaopeng told an industry event … Read more
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million (roughly Rs. 4,142 crore) in investment and manufacturing facilities within three years, potentially bolstering Tesla’s plans to enter the market. The policy is a big win for Tesla as it’s in line with what … Read more
China’s efforts to boost auto sales by cutting down payments on car loans stand to be frustrated by a price war and consumer caution, chiefly benefiting a few brands favoured by younger buyers, such as Tesla and Nio, analysts said. Authorities pitching the move as a way to boost the economy said this week they would … Read more
China’s pure electric vehicle sales slowed in January-February from the same period a year earlier, industry data showed on Friday, as competition intensified with market leader BYD heading a deeper round of price cuts. Sales of battery-powered EVs rose 18.2 per cent, cooling from 20.8 per cent for all of 2023, showed data from the China … Read more