Following scrutiny from New Delhi over its investment proposal, China’s BYD informed its India joint venture partner that it would abandon plans for a new $1 billion investment to produce electric automobiles.

In an effort to compete with Tesla (TSLA.O) and to benefit from Biden administration subsidies, seven major automakers announced on Wednesday that they were establishing a new company to provide electric vehicle charging in the United States.

VinFast, a Vietnamese manufacturer, announced on Wednesday that it would begin building a $4 billion electric vehicle factory in North Carolina the next week as part of its effort to increase its presence in the American market.

BYD Co, a Chinese company has recently put forth a proposal to invest a substantial amount of $1 billion in the development of electric vehicles and batteries in India. In

Tesla has been meeting with industry executives in India in addition to interacting with the government. According to the Economic Times, Tesla is actively exploring the prospective creation of its

CarTrade Tech Ltd. witnessed a commendable increase in its stock price when it successfully acquired Sobek Auto India Pvt. Ltd., a prominent automotive digital platform from OLX India.

Carl Zeiss India has announce­d plans to invest more than 250 million euros in the­ creation of its largest vision factory in Bengaluru. This state­-of-the-art facility is expecte­d to be finished by October 2024 and will bring re­markable advancements in le­ns production, with a potential sixfold increase. Its daily output alone­ will reach an impressive 260,000 le­nses.

Indonesian President Joko Widodo has emphasized the importance of strategic cooperation with Australia in the field of electric vehicle (EV) batteries. The two leaders discussed this topic during an annual

To enable the connected vehicle capabilities in the recently released MG Comet EV, MG Motor India has teamed with Jio Platforms. Jio’s Digital Assets will be used by MG Comet

BluSmart Mobility, an Indian electric vehicle (EV) ride-hailing platform, recently raised $42 million in a bridge deal that was co-led by its current backers, BP Ventures and Survam Partners. BluSmart

Volvo, the distinguished manufacturer of opulent automobiles, is poised to embrace the Direct-to-Customer (D2C) retail business paradigm, taking cues from the footsteps of Mercedes Benz India.

Foxconn, well known as the manufacturer of the iconic Apple iPhone, is reportedly planning to join the Indian market for the production of electric vehicles (EVs). According to Foxconn’s annual