Category: News Site

Mahindra & Mahindra celebrates 75th anniversary by launching new Thar 

Mahindra & Mahindra today launched the new second-generation Thar on the occasion of its 75th anniversary. On October 2, 1945, ‘Mahindra & Mohammed’ was set up by brothers, JC and KC Mahindra along with Ghulam Mohammed. JC and KC Mahindra, the founders of Mahindra & Mahindra (Image: M&M). Mahindra Jeeps roll ouf the factory, ready… Continue reading Mahindra & Mahindra celebrates 75th anniversary by launching new Thar 

Stockholm-based Einride raises €8.5 million to expand its freight service using driverless e-vehicles

Einride, a Swedish startup that develops and provides freight transport solutions using on electric and autonomous vehicles, today announced around €8.5 million Ericsson Venturesin new funding from existing investors led by impact fund, Norrsken VC. EQT Ventures, Nordic Ninja VC, Ericsson Ventures, and other investors also participated in the round. This new round will be used to fast track the official launch of its Einride Pods and meet the overwhelming demand from existing clients including Oatly, Lidl, and more.

Einride was founded in 2016 by Robert Falck, Linnéa Kornehed and Filip Lilja, and became one of the world’s first companies to operate a truly driverless, autonomous, all-electric freight vehicle on a public road. Recently, the company launched the Einride Mobility Platform, a cloud-native transport execution system for autonomous, electric and traditional road transportation. With the platform, customers can use real-time information and actionable insights to implement s..

GM, Nikola renegotiate as Nikola makes more leadership changes

General Motors is seeking a higher equity stake in Nikola Corp. in return for sharing its fuel cell and battery technologies as well as building the Badger, a heavy-duty electric pickup, for Nikola. Two people familiar with the deal told the Detroit Free Press that lawyers for GM and Nikola have been meeting daily. GM originally agreed to an 11% equity stake in Nikola,… Continue reading GM, Nikola renegotiate as Nikola makes more leadership changes

Tesla drops China-made Model 3 price by up to 10% as it introduces cheaper batteries

Tesla cut prices for its Chinese-market Model 3 sedans by up to 10%, as reported by Reuters. The company will outfit future standard-range Chinese-made Model 3s with cheaper, cobalt-free battery packs, anonymous sources told Reuters recently. Tesla did not confirm which batteries the standard-range car with the updated price currently uses.  The basic Model 3… Continue reading Tesla drops China-made Model 3 price by up to 10% as it introduces cheaper batteries

Tesla (TSLA) increases Powerwall price as demand is through the roof

Tesla (TSLA) has increased the price of the Powerwall, its home battery pack, as demand is still through the roof. There are a lot of factors currently greatly increasing demand for home energy storage. Heatwaves are creating some instabilities on electric grids in the US, even forcing some rolling blackouts in California. Many people are… Continue reading Tesla (TSLA) increases Powerwall price as demand is through the roof

Tata Motors September 2020 domestic sales up 37% at 44,444 units

Shailesh Chandra, Tata Motors said, “PV industry witnessed recovery in Q2FY21, supported by festive sales in some regions and continued benefit from pent-up demand across the country.” Tata Motors announced on Thursday that its total domestic sales increased 37% at 44,444 units in September 2020, as against 32,376 units in the same month last year.… Continue reading Tata Motors September 2020 domestic sales up 37% at 44,444 units

Volvo starts production of fully electric XC40 Recharge

Volvo Cars has begun production of the full electric XC40 Recharge. This represents a significant step towards Volvo Cars’ ambition to reduce its CO2 footprint per car by 40 per cent by 2025. That same year, it expects 50 percent of its global sales to consist of fully electric cars, with the rest hybrids. The… Continue reading Volvo starts production of fully electric XC40 Recharge