Chinese electric vehicle manufacturer Nio has entered into a partnership with competitor BYD to acquire batteries for its new electric vehicle brand, according to sources. The move marks a strategic shift for BYD to expand its revenue sources beyond its existing EV brand. The collaboration underscores the fierce competition in China’s electric vehicle market, particularly in pricing where batteries are a significant cost component. Nio’s strategy change to prioritize cost reduction and the upcoming launch of its new brand, Onvo, are also highlighted. The involvement of battery manufacturers CATL and CALB is mentioned, along with insights on BYD’s battery subsidiary and production lines.
Rakesh Sharma, Executive Director of Bajaj Auto, shares insights on the current and future state of the EV two-wheeler industry in India. He emphasizes the customer’s positive response towards electric vehicles and the potential growth of the industry despite the reduction in FAME subsidy. Sharma also discusses the coexistence of EVs and traditional ICE engines, the potential future decline in battery costs, and Bajaj Auto’s strategic approach to positioning itself for market changes.
India needs to transition its automotive sector towards electric mobility and become a global leader in EV manufacturing, according to Amitabh Kant, the former CEO of NITI Aayog. Kant emphasised the urgency of this transition, declaring the era of fossil fuel-based combustion engines as ‘dead’. Currently the third-largest auto market globally, India recognises the need to adapt to the evolving global landscape and achieve 100% electrification in two and three-wheelers by 2030.
Leading Indian automaker Mahindra & Mahindra announces the launch of its new SUV, XUV 3XO. The vehicle promises a combination of thrilling performance, cutting-edge technology, unmissable design, and unparalleled safety. Mahindra & Mahindra aims to cater to the aspirations of urban drivers and surpass expectations in all facets of SUV ownership. With SUVs gaining popularity in India, the company expects a positive response to its new offering.
Chinese smartphone maker Xiaomi has revealed that it will start delivering its first electric vehicle (EV) model, SU7, on March 28. Xiaomi has established 59 stores in 29 cities throughout China to accept orders for its EV.
JSW Group plans to invest 400 billion rupees in electric vehicle (EV) manufacturing projects in India’s Odisha state. Government targets 30% EV market share by 2023. JSW Group will invest 250 billion rupees in an EV battery manufacturing plant and an EV components plant in the first two phases of its plan. Tata Motors dominates the 2% EV market in India. JSW Group and SAIC Motor formed a joint venture in India to focus on green mobility and developing the electric vehicle ecosystem.
Cold weather can have a significant impact on the range of electric vehicles, making charging more challenging. This article explains the effects of cold weather on EV range and provides key information for EV owners.
The competition for talent in the EV industry is heating up on college campuses in India.
Mercedes-Benz has introduced the EQE SUV, a new luxury electric vehicle equipped with advanced technology features. It has a range of 465 to 550 km and can be charged up to 80% in just over 30 minutes. The car’s design is aerodynamic and futuristic, with a digital headlight system and illuminated running boards. The EQE SUV offers smooth handling and a top speed of 210 kmph. Overall, it is a strong addition to Mercedes-Benz’s expanding luxury EV fleet.
