Vietnam EV maker VinFast Auto plans to invest $2 billion in India

Vietnam EV maker VinFast Auto plans to invest  billion in India

Vietnamese electric-vehicle maker VinFast Auto Ltd. signed an agreement with an Indian state to invest as much as $2 billion as it seeks to break into the world’s third-largest automobile market. The agreement will pave the way for VinFast to set up an integrated electric-vehicle facility in the southern state of Tamil Nadu, the company …

Read more

Tata Punch EV breaks cover, to get at least 300-km range, bookings open

Tata Punch EV breaks cover, to get at least 300-km range, bookings open

Tata Motors announced that the upcoming Punch EV will be armed with the carmaker’s new Gen-2 Pure EV platform which promises better efficiency and fas … Tata Motors announced that the upcoming Punch EV will be armed with the carmaker’s new Gen-2 Pure EV platform which promises better efficiency and faster charging among other things. …

Read more

Automakers Are Pumping The Brakes On The EV Transition

Automakers Are Pumping The Brakes On The EV Transition

Image: Cadilliac The transition to electric vehicles is supposed to be a matter of when not if. However, automakers are starting to seem a little hesitant about what resources they should pour into EV production. Manufacturers have had supply issues building electric vehicles as well as trouble actually selling the ones they have made. Now, …

Read more

5 Reasons Why Electric Vehicle Sales Have Slowed

5 Reasons Why Electric Vehicle Sales Have Slowed

The wedge-shaped Tesla Cybertruck enters the marketplace as EV sales fall off ©2023 Michael Harley There’s been a lot of recent news about automakers cutting back or delaying production of electric vehicles (EV) due to slowing consumer demand. The headlines include Ford announcing it was postponing $12 billion in planned electric vehicle production, GM abandoning …

Read more

Ford again warns on EV results, withdraws 2023 forecast

Ford again warns on EV results, withdraws 2023 forecast

Ford Motor (F.N) on Thursday withdrew its full-year results forecast due to “uncertainty” over the pending ratification of its deal with the United Auto Workers (UAW) union, and warned of continued pressure on electric vehicles, sending shares of the company down more than 4% after-hours. The union and Ford on Wednesday reached a tentative agreement …

Read more

Betting on hybrid models in India till first BEV hits market in 2026: Lexus

Betting on hybrid models in India till first BEV hits market in 2026: Lexus

Luxury automaker Lexus is betting on hybrid vehicles for sustainable growth in the Indian market till it rolls out its first battery-electric vehicle in the country in 2026, a top company executive said on Wednesday. In an interaction on the sidelines of the Japan Mobility Show here, Lexus International President Takashi Watanabe said the automaker …

Read more

EV components maker files two patents as India’s renewable energy boom

EV components maker files two patents as India’s renewable energy boom

Image Source : PEXELS White and orange gasoline nozzle connected with electric vehicle. India’s renewable sector is booming. It is now a global leader in the renewable energy market. The government’s policies and initiatives, coupled with foreign investments have pushed New Delhi among the top three largest producers of renewable energy in the world. Recently, …

Read more

EV charger maker Servotech files two patents for energy management technologies

EV charger maker Servotech files two patents for energy management technologies

Servotech Power Systems, a leading manufacturer of EV chargers and solar solutions, has filed two patents for innovative energy management technologies. The patents are aimed at facilitating grid service optimisation through a battery energy storage system and effectively channel renewable energy into BESS for maximum value, enabling the transition to sustainable energy. “These innovations will transform …

Read more