Jaguar Land Rover joins Tesla’s ‘pool’ for EU emissions targets

Jaguar Land Rover has joined Tesla’s manufacturer pool for European Union CO2 emissions, a move that’s likely designed to help the firm avoid paying fines for missing its targets. Under EU rules, car firms are required to achieve increasingly tough average CO2 emissions targets for their car fleets. Any that misses its target faces a heavy fine of €95 (£77)… Continue reading Jaguar Land Rover joins Tesla’s ‘pool’ for EU emissions targets

Continental supplies engine mounts for EV makers in Europe, USA and China

Special elastomer compounds for electric vehicles absorb vibrations in the high-frequency range. As the shift from ICE vehicle to electric vehicle takes firmer shape, particularly in developed markets, component suppliers are also getting future-ready. According to industry experts, 150 million electric cars, plug-in hybrids and fuel-cell vehicles will be on the road worldwide by 2030.… Continue reading Continental supplies engine mounts for EV makers in Europe, USA and China

Apollo Tyres launches premium Vredestein brand in India

Strengthening its product offering in India, Apollo Tyres has launched the premium European brand, Vredestein, which it acquired in 2009, in the country. Vredestein tyres will be manufactured at Apollo’s state-of-the-art facilities in India, and will cater to the premium and luxury segment in passenger cars, while the two-wheeler tyres from the brand would cater… Continue reading Apollo Tyres launches premium Vredestein brand in India

Lamborghini sells record 6,902 units in first nine months of 2021

Automobili Lamborghini has announced record sales for the first nine months of 2021. The period between January and September has seen the Italian supercar  manufacturer deliver a record 6,902 units to customers, up 23% compared to the same period in 2020, which in turn was an increase of nearly 6% compared to the first three… Continue reading Lamborghini sells record 6,902 units in first nine months of 2021

Sun Mobility gets $50 million from Vitol to accelerate global EV infra network

Sun Mobility’s Chetan Maini: “As part of Sun Mobility’s long-term strategy to build affordable EV technologies in India, we will be deploying the funds into capacity expansion.” Bangalore-based Sun Mobility, the fast-growing provider of energy infrastructure and services for electric vehicles, has closed a $50 million (Rs 370 crore) funding round by Dutch energy and… Continue reading Sun Mobility gets $50 million from Vitol to accelerate global EV infra network

Taiwan’s Foxconn reveals two new electric cars

Taiwanese electronics giant Foxconn has revealed two new electric cars, underlining the firm’s intentions to become a “global automotive manufacturer”. Foxconn, known for contract-manufacturing devices such as the Apple iPhone, revealed the ‘Model C’ SUV and the ‘Model E’ sedan, alongside the ‘Model T’ bus in a livestream event on Monday. The two cars are based on a newly introduced… Continue reading Taiwan’s Foxconn reveals two new electric cars

Honda unveils first electric SUVs and three bold concepts

Honda has revealed its first electric SUV for the Chinese market – along with three bold new concept vehicles that will all lead to production cars within the next five years. The Japanese firm has plans to launch 10 electric cars in China, which will all use the new e:N Series branding, in the next five years. It also says… Continue reading Honda unveils first electric SUVs and three bold concepts

Williams Racing vows to go climate positive by 2030

Williams Racing, one of the most successful teams in Formula One commits to go climate positive by 2030. To achieve this ambitious goal, Williams Racing has developed a series of robust technological and data-driven initiatives, as part of a comprehensive purpose-driven sustainability strategy, aiming to address some of the most important environmental and societal challenges facing… Continue reading Williams Racing vows to go climate positive by 2030

Tata Motors’ EV biz gets a $1 billion boost with TPG Rise Climate investment

Tata Motors and TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, are to invest in a newly incorporated subsidiary of Tata Motors. TPG Rise Climate along with co-investors will invest Rs 7,500 crore in compulsory convertible instruments to secure between 11 % to 15 %… Continue reading Tata Motors’ EV biz gets a $1 billion boost with TPG Rise Climate investment