Tesla announced on Tuesday that it will use its current factories to make new, cheaper cars starting later this year instead of building new factories in Mexico and India soon. The company aims to increase its vehicle production by 50% compared to that in 2023, reaching close to 3 million vehicles, before considering new factories. … Read more
Xiaomi Corp. is on the brink of a significant moment as it prepares to introduce its inaugural electric vehicle (EV) in China. The company’s $8 billion surge in stock value will face a crucial test with this debut, marking its ambitious entry into the fiercely competitive EV market. Dubbed the SU7 series, Xiaomi’s EV is … Read more
MG Motor India has unveiled the ‘Cyberster’ for the first time in the country along with plans to introduce a new network of upscale showrooms for their premium offerings. Although the specific models to be sold in these outlets haven’t been confirmed, the Cyberster seems a likely candidate. This electric sports car marks MG’s debut … Read more
India has announced a significant policy shift aimed at incentivizing electric vehicle (EV) manufacturing within the country, potentially clearing the path for Tesla’s entry into the South Asian market. Under the new policy, companies investing a minimum of $500 million in India and establishing local manufacturing facilities within three years will benefit from reduced import … Read more
As battery technology advances and becomes more mainstream, automakers are taking bold steps to make electric vehicles (EVs) more accessible to the masses. This involves reducing prices to bridge the gap between EVs and traditional internal combustion engine (ICE) models, ultimately aiming to accelerate EV adoption. Tata Tiago EV Tata Motors has responded to the … Read more