Sales of new-energy vehicles, which include purely electric, plug-in hybrid and hydrogen fuel-cell vehicles, were 72.3% higher in November than a year before. China’s automobile sales in November tumbled by almost 8% from a year before, as an expected buying rush before government incentives expired failed to appear, putting the world’s largest vehicle market on… Continue reading China’s November vehicle sales fall 7.9% – industry body
Author: Economic Times of India Online News
China’s Li Auto sees higher deliveries in Q4; third-quarter loss widens
Rivals Xpeng Inc and Nio Inc also reported wider losses owing to soaring inflation. China’s Li Auto Inc on Friday forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management. The electric vehicle maker saw net loss widen to 1.65 billion yuan… Continue reading China’s Li Auto sees higher deliveries in Q4; third-quarter loss widens
FADA cautiously optimistic on near term outlook for auto sales
FADA remains cautiously optimistic in the near term. The hike in vehicle prices by the manufacturers, the fallout of the 35 basis points (bps) increase in the repo rate by the Reserve Bank of India (RBI), may dent the confidence of two-wheeler and entry level car buyers, said the Federation of Automobile Dealers Associations (FADA).… Continue reading FADA cautiously optimistic on near term outlook for auto sales
India’s retail vehicle sales jumps 26% in November
Sales of commercial vehicles rose 32.8%, while the smallest gains were in two-wheelers and passenger vehicles, at 23.6% and 21.3%, respectively. The festive and wedding season in India helped boost the country’s total retail vehicles sales by 26% in November from a year ago, according to data from industry body Federation of Automobile Dealers Associations… Continue reading India’s retail vehicle sales jumps 26% in November
State to get India’s 1st hydrogen-powered vehicle project: CM
Triton EV is working in the field of electric vehicles as well as hydrogen vehicles. Chief minister Eknath Shinde on Thursday said there will be a huge investment in the state for making hydrogen-powered vehicles, and positive discussions have been held with the America-based Triton Electric Vehicles (EV) company to start this project. Himanshu Patel,… Continue reading State to get India’s 1st hydrogen-powered vehicle project: CM
China’s CATL to provide EV batteries for Honda starting in 2024
Honda Motor Co said on Thursday that Chinese battery giant CATL would supply batteries for seven years for its electric vehicles (EV) in China. The Japanese automaker said the Chinese firm would provide 123 GWh worth of batteries starting in 2024 through 2030 for the Honda’s e:N Series. The announcement is part of the two… Continue reading China’s CATL to provide EV batteries for Honda starting in 2024
Nio to install 20 battery-swapping stations in EnBW charging parks
The carmaker, which is aiming for 120 swapping stations in Europe by the end of 2023. Chinese electric vehicle maker Nio will install swapping stations, where drivers can switch their car battery for a fully-charged one, at 20 charging parks in Germany owned by utility EnBW, the utility provider said on Thursday. Nio launched in… Continue reading Nio to install 20 battery-swapping stations in EnBW charging parks
Korean firms plan $4 billion-plus battery plant in Georgia
Hyundai broke ground in October on a $5.5 billion electric vehicle plant near Savannah in coastal Georgia, with plans to produce 300,000 vehicles a year and hire 8,100 workers. Hyundai Motor Group and a South Korean battery maker say they will jointly invest $4 billion to $5 billion in Georgia to build a new plant… Continue reading Korean firms plan $4 billion-plus battery plant in Georgia
Give NOCs for EV chargers within a week, housing societies told in Maharashtra
Maharashtra State Housing Societies Cooperative Federation vice-president Suhas Patwardhan told TOI they were yet to receive the circular from the cooperation department. Cooperative housing societies and residents’ welfare associations in the state have now been directed to grant no-objection certificates to install electric vehicle charging points within seven days of the date of application, provided… Continue reading Give NOCs for EV chargers within a week, housing societies told in Maharashtra
Rockwell Automation expands to 3,000 people in India; aims to maintain growth trajectory
By Ashish Agashe Chicago: Rockwell Automation has grown to a 3,000-people strong organisation in India from having 800 people a decade ago, and aims to maintain its growth trajectory, a senior company official has said. The Milwaukee, US-headquartered Fortune-500 company looks at India both as a market given the rapid strides in manufacturing in the… Continue reading Rockwell Automation expands to 3,000 people in India; aims to maintain growth trajectory