Xiaomi CEO Lei Jun revealed the company’s highly anticipated electric vehicle, the SU7, with bold aspirations to redefine the segment. The SU7 aims to stand out as the “best looking, easiest to drive and smartest car” in its category, marking Xiaomi’s entry into the competitive electric vehicle market. Priced below 500,000 yuan (USD 69,424), the […]
Tesla has notified suppliers that it intends to begin manufacturing a new mass-market electric car named “Redwood” in mid-2025, according to four people familiar with the topic, the Guardian reported. Elon Musk, Tesla’s CEO, has long piqued fans’ and investors’ interest in affordable electric vehicles and self-driving robotaxis, which are likely to be built on […]
The US Treasury implemented new battery sourcing rules in December, to reduce dependence on Chinese suppliers in the electric vehicle supply chain. As a result of these rules, many electric vehicles, including models from Nissan, Tesla (Cybertruck All-Wheel Drive, Model 3 Rear Wheel Drive) and Chevrolet (Blazer EV), lost eligibility for tax credits of up […]
Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X. “Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double […]
China’s car sales are expected to jump by more than 20 per cent in November, the China Passenger Car Association (CPCA) said on Wednesday, citing increased confidence among carmakers striving to deliver annual sales goals in the world’s top auto market. Car sales totalled 2.05 million units in October, up 9.9 per cent from a […]
US-based electric vehicle maker Tesla is targeting to buy components worth USD 1.9 billion from India this year. Last year, the company bought components worth USD 1 billion from India, said Commerce and Industry Minister Piyush Goyal on Wednesday. Goyal was speaking at the 63rd Annual Session of the Automobile Component Manufacturers Association of India […]
India might contemplate permitting foreign vendors of Tesla, specifically those in China, to produce essential components within the country. However, the government is not inclined towards granting special exemptions exclusively for Tesla or any other specific company. This development carries significance due to the fact that certain crucial components required for electric vehicles, such as […]
The Indian government rejects BYD’s USD 1 billion manufacturing plant proposal in India due to security concerns, reported a media house. The Chinese automaker had intended to produce electric vehicles (EVs) and electric batteries in India in collaboration with an Indian EV company, Megha Engineering and Infrastructure. Security concerns regarding Chinese investments in India were […]
Tesla cut prices on its entire US electric vehicle model lineup for the third time this year in an apparent effort to lure more buyers amid rising interest rates, Asia Nikkei reported. The largest of the cuts that appeared Friday on Tesla’s website were $ 5,000 per vehicle for the company’s slower-selling more expensive models, […]
Tesla reported a modest 4 per cent rise in sales in the first quarter (January-March) compared to the final three months of last year, CNN Business said. This is despite a series of price cuts on its lower priced vehicles and talk by Chief Executive Officer Elon Musk about strong demand at those lower prices, […]
