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Tag: Electric Vehicles
India Proposes Import Tax Reduction on UK Electric Vehicles to Advance Free Trade Deal-thumnail

India Proposes Import Tax Reduction on UK Electric Vehicles to Advance Free Trade Deal

Introduction India is co͏nsidering a re͏duction in import taxes on certain electric vehicles (EVs) imported from the UK as par͏t of efforts to finalize a free-trade agreement between the two

Business

Nov 8, 2023

India to consider Tax cut if EV makers agree to manufacture in India-thumnail

India to consider Tax cut if EV makers agree to manufacture in India

India is currently in the process of formulating a fresh EV or electric vehicle policy, with a specific focus on reducing import taxes for automakers willing to engage in local manufacturing.

Automotive

Aug 25, 2023

BYD tells India partner it wants to drop $1 billion EV investment plan according to sources-thumnail

BYD tells India partner it wants to drop $1 billion EV investment plan according to sources

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.

Automotive

Jul 28, 2023

Automakers launch US EV charging network to compete with Tesla-thumnail

Automakers launch US EV charging network to compete with Tesla

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.

Automotive

Jul 27, 2023

EVCS seeks to raise $125 million for network expansion-thumnail

EVCS seeks to raise $125 million for network expansion

In order to expand its network of fast chargers eightfold by 2025 and take advantage of the U.S. government’s desire to increase EV adoption, electric vehicle charger operator EVCS is reportedly aiming to fund $125 million.

Business

Jul 25, 2023

Tesla CEO Elon Musk Plans Further Price Cuts Amidst Challenging Times-thumnail

Tesla CEO Elon Musk Plans Further Price Cuts Amidst Challenging Times

Tesla CEO Elon Musk recently announced plans for additional price cuts on electric vehicles as the company faces turbulent economic conditions, even as the price war on competitors begins to

Industry

Jul 20, 2023

The construction of VinFast’s US factory will begin next week-thumnail

The construction of VinFast’s US factory will begin next week

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.

Automotive

Jul 19, 2023

Tesla is in talks to establish a factory in India to produce electric vehicles starting at Rs 20 lakh, according to a report-thumnail

Tesla is in talks to establish a factory in India to produce electric vehicles starting at Rs 20 lakh, according to a report

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

Automotive

Jul 13, 2023

Tesla Escalates Price Battle in China’s Electric Vehicle (EV) Market with Monetary Incentives and Rebates-thumnail

Tesla Escalates Price Battle in China’s Electric Vehicle (EV) Market with Monetary Incentives and Rebates

To further consolidate its supremacy in China’s electric vehicle (EV) market, Tesla made a notable announcement on Friday. The company revealed its plan to provide cash incentives and rebates to prospective purchasers of its highly sought-after Model Y and Model 3 cars. This strategic move aims to motivate potential buyers while intensifying the ongoing price war in the world’s largest EV market. This article delves into Tesla’s recent approach and its implications for the industry.

Business

Jul 7, 2023

Tesla, BYD Post Record Deals on Interest for Electric Vehicles-thumnail

Tesla, BYD Post Record Deals on Interest for Electric Vehicles

Tesla Inc. Furthermore, BYD Co. set new deal standards in the subsequent quarter, augmenting their lead as the world’s top-selling clean automakers.

Business

Jul 3, 2023

Lucid Group and Aston Martin to form an electric vehicle partnership-thumnail

Lucid Group and Aston Martin to form an electric vehicle partnership

Aston Martin would issue around 28.4 million additional ordinary shares and pay Lucid about $232 million in staged cash payments under the proposed deal, making Lucid a 3.7% shareholder in the automaker.

Business

Jun 26, 2023

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit-thumnail

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit

Epsilon Advanced Materials (EAM) has made a staggering announcement, revealing its plans to invest a mind-boggling $650 million in the establishment of an exceptional electric vehicle battery components facility within the United States. This visionary company aims to construct a state-of-the-art synthetic graphite anode manufacturing facility, boasting an impressive production capacity of 50,000 tons per annum (TPA). The primary goal of this facility will be to supply high-capacity anode materials, all of which will be produced using innovative green technologies.

Investment & Funding

Jun 26, 2023


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