Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion (roughly Rs. 16,691 crore to Rs. 25,036 crore) electric car plant, the Financial Times reported on Wednesday, citing people familiar with the matter. The company’s reported push into India…
Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s Model 3, highlighting the stiff competition from new entrants in an already crowded EV market in China. During the two hour-long event, Xiaomi CEO and founder Lei Jun told…
Xiaomi’s CEO said on Monday his goal for the firm’s first electric vehicle was that it would be the “best looking, easiest to drive and smartest car” priced below CNY 500,000 (roughly Rs. 57,93,508), as the Chinese electronics maker gears up for orders this week. The company will on Thursday…
A joint venture between Indian conglomerate JSW Group and MG Motor expects to have sold 1 million electric vehicles in India by 2030 and corner a third of the market, a JSW executive said. The two companies said that the JV plans to move into the premium passenger vehicle segment…
India said on Friday it will lower import taxes on certain electric vehicles for companies committing to at least $500 million (roughly Rs. 4,142 crore) in investment and manufacturing facilities within three years, potentially bolstering Tesla’s plans to enter the market. The policy is a big win for Tesla as…
Apple has reportedly modified its plans to build an electric vehicle (EV) as the company scales back its ambitions for its first car. While the iPhone maker was previously expected to develop and launch a ‘driverless’ car similar to Tesla’s vehicles, it will now focus on launching an EV with…
Indian automaker Mahindra & Mahindra has told the government there must be a level playing field between domestic and foreign players and local manufacturing must be promoted, a top executive said, as New Delhi seeks to lure carmakers such as Tesla. Mahindra and Tata Motors have pressed Indian officials privately…
Chinese smartphone maker Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world’s top five automakers. The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system…
The angular, polarizing design of the Cybertruck will help boost the Tesla brand, the electric vehicle maker’s chief designer said on Thursday, adding that the pickup was no experiment. “Love it or hate it, it’s a conversation starter, and it gets people talking about the brand,” Tesla Chief Designer Franz…
Xiaomi has confirmed that the company will soon unveil its EV or electric vehicle technology. The Beijing-based firm is currently known to be one of the world’s leading smartphone manufacturers. The company said in 2021 that it would enter the electric vehicle market, with the debut of its first such…
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