Trade War: US To Introduce New Tariffs On Chinese EVs
The official announcement is scheduled for Tuesday. The specifics remain undisclosed and the White House declined to comment.
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.
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.
Electric Vehicles Emit More Particle Pollution, Claims Study
The brakes and tyres on EVs release 1,850 times more particle pollution, claims the study.
“Tesla Killer” BYD to Launch Seal EV; Tata Motors Reduces EV Prices
The Seal EV joins BYD’s existing electric vehicle lineup in India, which includes the Atto 3 electric SUV and e6 MPV
Israel’s StoreDot Achieves 160km Battery Range for EVs in 4-minutes Charging
The production delivery of these fast-charging batteries is expected in 2026
Mufin Green Finance to Get Rs 340 cr Capital Boost from the New Acquisition
Mufin Green Finance last week revealed that it had secured Rs 140 crore in Series B funding, adding to the Rs 530 crore raised in debt funding in the previous fiscal year.