The company is still getting $135 million in grants from the South Carolina Department of Commerce and $121 million in bonds and the agency said a construction pause won’t prompt them to claw back that offer. A Japanese company has halted construction on a $1.6 billion factory in South Carolina to help make batteries for… Continue reading Billion-dollar battery plant pauses construction amid electric vehicle and tariff uncertainty
Author: Economic Times of India Online News
Tata Motors launches monsoon vehicle check-up camp across 500 cities
Customers visiting the service camp will also have access to exchange offers on new Tata vehicles, including a free evaluation of their current vehicles. Tata Motors has announced the start of a nationwide Monsoon Check-Up Camp for its customers, which will be held from June 6 to June 20, 2025. The service initiative will be… Continue reading Tata Motors launches monsoon vehicle check-up camp across 500 cities
Batteries, EVs under threat? India fires on all cylinders for rare earths amid China’s tightening grip
While the US, Europe, and Japan scramble to find alternative supply lines, India sees an opening — and it’s moving to capitalise. As China tightens its stranglehold on the global supply of rare earth elements, India is shifting gears — fast. From forging new partnerships in Central Asia to finalising an ambitious incentive scheme for… Continue reading Batteries, EVs under threat? India fires on all cylinders for rare earths amid China’s tightening grip
Stellantis’ new CEO Filosa set to earn up to $23 million a year
Filosa officially becomes CEO of the owner of brands such as Chrysler, Peugeot and Jeep at the end of this month, tasked with turning around the carmaker’s performance and recovering lost U.S. market share MILAN: Stellantis’ new CEO Antonio Filosa will earn at least $4 million annually in his first two years at the helm,… Continue reading Stellantis’ new CEO Filosa set to earn up to $23 million a year
Tesla’s China shipments extend slump, bucking broader sales boom
The slump contrasts with robust nationwide sales of new-energy vehicles, including both EVs and hybrids, which are estimated to have risen 38% to 1.24 million units, the data show. Tesla Inc.’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as Chief Executive Officer Elon Musk pledges… Continue reading Tesla’s China shipments extend slump, bucking broader sales boom
Gravton inks landmark EV supply deal with Hypr Electric
Hypr Electric, which has standing order agreements with leading platforms like Swiggy, Zomato, Porter, and Rapido, will integrate Gravton’s vehicles into its growing national fleet. Founder Gravton Motors and Talluri Sai Rahul, CEO Hypr Electric Hyderabad, 6th June 2025: Gravton Motors, India’s first full-stack electric mobility company, has signed a landmark agreement with Hypr Electric… Continue reading Gravton inks landmark EV supply deal with Hypr Electric
‘Electric cars that nobody else wanted…’: Donald Trump’s shocking words on Elon Musk; says Biden should have terminated Musk’s subsidies
The fallout is notable given their history. Musk once praised Trump for efforts to reduce bureaucratic red tape and briefly served on the president’s business advisory council in early 2017. However, he stepped down that same year over differences regarding climate policy. US President Donald Trump and Tesla CEO Elon Musk, once allies, are now… Continue reading ‘Electric cars that nobody else wanted…’: Donald Trump’s shocking words on Elon Musk; says Biden should have terminated Musk’s subsidies
India, Italy get into a huddle over critical mineral squeeze
The concerns assume significance as China possesses around 90% of rare earth magnet supplies. India and Italy Thursday cautioned against some countries’ dominance on critical minerals and how the over-dependence on these key components of semiconductor, aerospace industry and EV batteries can be reduced. Commerce and industry minister Piyush Goyal said the concentration of critical… Continue reading India, Italy get into a huddle over critical mineral squeeze
China silent about lifting export curbs on rare earth metals amid growing concerns in India, world
The request was made during a meeting between the sides’ top commerce officials in Paris on Tuesday. China, which holds the global monopoly over the precious rare earth metals needed for manufacturing of phones, automobiles and missiles, continues to play hardball over lifting export restrictions of the precious metals warding off pressures from a host… Continue reading China silent about lifting export curbs on rare earth metals amid growing concerns in India, world
US auto suppliers say immediate action needed on China rare earths restrictions
Rare-earth magnet exports from China halved in April as companies grappled with an opaque application process for permits that sometimes require hundreds of pages of documents. A group representing auto suppliers in the United States called on Wednesday for immediate action to address China’s restricted exports of rare earths, minerals and magnets, warning the issue… Continue reading US auto suppliers say immediate action needed on China rare earths restrictions