A brand-new Honda Pilot is displayed on the sales lot at Honda Marin in San Rafael, California, on Feb. 6, 2024. Justin Sullivan | Getty Images DEROIT — Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a “comprehensive EV value chain,” the Japanese automaker announced Thursday. … Read more
Sokudo Electric Motor and Controller Plant in UP. (Photo: Sokudo Electric) As per the details shared by the firm, the under process facility is worth Rs 10 crore, which is expected to enhance the battery-powered two-wheeler segment in the country. The homegrown electric two-wheeler manufacturer Sokudo Electric is in the process of establishing a 20,000-square-foot … Read more
India’s rapidly growing auto market is poised to hit a milestone, with projections indicating it will reach USD 300 billion by 2026. This growth is fueled by various factors, including rising income levels, urbanization, and a burgeoning middle class with increasing purchasing power.In March 2024, the Indian auto industry produced a total of 2,325,959 units, … Read more
By Tom Krisher | The Associated Press The U.S. government’s auto safety agency is investigating whether last year’s recall of Tesla’s Autopilot driving system did enough to make sure drivers pay attention to the road. The National Highway Traffic Safety Administration says in documents posted on its website Friday that Tesla has reported 20 more … Read more
Can Wireless & Fast Charging Transform India’s EV Landscape? (Representational Image) (Photo: Linkedin) Despite subsidy cuts, India’s EV industry grew by 41% in FY24 with 1.6 million registrations, thanks to advanced charging tech like wireless & fast charging. The Indian EV industry witnessed a sharp 41 percent growth in EV sales in FY24, despite the … Read more
Tesla shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the company’s first-quarter earnings report Tuesday. The stock dropped 3.4% on Monday to close at $142.05, bringing its decline for the year to 43%, second worst among members … Read more
Concluding what Ontario Premier Doug Ford is calling the “largest deal in Canadian history,” Honda is expected to announce later this week a multi-billion dollar commitment to build electric vehicles and their parts in Ontario, government sources have told CBC News. The senior government sources, who spoke to CBC News on condition of confidentiality because they weren’t authorized … Read more
Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty Images German carmakers do not have to fear competition from China and are still considered the best in the world, … Read more
Last Updated: April 19, 2024, 17:20 IST MG Motor India Partners With Epsilon Group For Green Mobility Revolution. (Photo: MG Motor) This strategic alliance, announced through a memorandum of understanding (MoU), involves two subsidiaries of the Epsilon Group – Power EV and LICO. MG Motor India has joined forces with the Epsilon Group, stepping up … Read more
Alef Aeronautics wants to start delivering its $300,000 Model A flying car to customers by 2025. Source: Alef Aeronautics What if flying around in an electric vehicle is a key part of the way you travel in the future? That’s what dozens of companies around the world are betting on. EVTOLs, or electric vertical take-off … Read more
