JSW-MG Motors combine eyes top spot in NEVs, targets 1 million EV sales by 2030

JSW Group and MG Motors have officially joined hands to form a new company focused on new electric vehicles (NEVs) in India. The JV -- JSW MG Motor India Pvt Ltd -- will launch a n... Read More

TVS Motor increases stake in ION Mobility through Singapore subsidiary

India's TVS Motor Company announced it had increased its stake in Southeast Asian e-mobility player ION Mobility last week. In a stock exchange filing, the company said, "We would ... Read More

India unveils new EV policy to make country a global manufacturing hub

India has approved a scheme to promote the country as a manufacturing destination for electric vehicles, a release on the Press Information Bureau, the country's government news se... Read More

BYD Americas chief says Mexico plant by year end, but no plans for exports to USA

Chinese electric vehicle giant BYD has no plans of selling its passenger EVs in the US and finds the market "complicated" and "confusing", the CEO of its Americas operation said. S... Read More

US DoE announces $710 mn in loans to EV tech makers

The US Department of Energy announced it has issued preliminary approval for nearly $710 million in loans to companies manufacturing electric vehicle (EV) components. The lion's sh... Read More

BluSmart becomes zero-emissions company following deal for 30 MW green power

India's all-electric ride hailing company BluSmart has signed a multi-year power purchase agreement with Tata Power to source green power, in the process becoming India's first mob... Read More

Xpeng plans 30 new models to survive Chinese competition

Chinese EV company Xpeng will launch 30 new models in the coming three years to survive what its Chairman and CEO He Xiaopeng called a 'sea of blood' --- the competition between Ch... Read More

BYD goes upscale, plans to launch multiple luxury models this year

Chinese carmaker BYD plans to launch a number of "high-end luxury" models by the end of this year, the company told the Hong Kong stock market in an exchange filing. The move refle... Read More

Stellantis evaluates building Leapmotor EVs at Mirafiori complex in Italy

Carmaker Stellantis could build up to 150,000 low-cost electric vehicles (EVs) at the company's Mirafiori complex in Turin from 2026 or 2027, news reports say. The company is repor... Read More

M&M evaluates giga factory in India, signs supply agreement for Volkswagen EV platform

Indian auto maker Mahindra & Mahindra (M&M) is considering whether to open a battery plant in India, group CEO and MD Anish Shah told reporters. "We are going to look at… o... Read More
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