The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association
Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
BYD recorded a net profit of 30 billion yuan ($4.16 billion) last year, up 80.7 percent year-on-year from 16.6 billion yuan in 2022
Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles
The global sales of fully electric and plug-in hybrid vehicles (PHEVs) increased 31% in 2023, according to market research firm Rho Motion. The growth was reported to be 60% back in 2022.
Central to the recent rise of EVs is an ongoing competition between two battery technologies: solid-state batteries, which promise enhanced performance and safety, and traditional lithium-ion batteries, which have served as the workhorse of the EV industry.
India has recently unveiled a prototype of the BS-6 (Stage-II) electrified flex-fuel vehicle, which is said to run on 100% ethanol. The vehicle, a made-in-India Toyota Innova Hycross, is developed by Toyota Kirloskar Motor, and contains both a fuel flexible engine and an electric powertrain.
The Chinese market alone is crucial: it’s the world’s biggest with sales of 22 million vehicles last year, according to the China Passenger Car Association
Hopes of keeping the crown have rested on a long-promised $25,000 model. If the project gets scrapped, as Reuters reported on Friday, boss Elon Musk has one remaining advantage: using Tesla’s data trove to develop self-driving technology
Tesla has reportedly scrapped its plan to develop a lower-cost electric vehicle (EV) estimated to be priced around USD 25,000, according to a report by Reuters. Marking a significant shift in the company's strategy, this decision comes despite the perceived importance of such a low-cost vehicle for Tesla's broader growth trajectory.
Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources familiar with the matter and company messages seen by Reuters
BYD recorded a net profit of 30 billion yuan ($4.16 billion) last year, up 80.7 percent year-on-year from 16.6 billion yuan in 2022
Analysts said the move was aimed at catching up with Chinese competitors who have stolen a march in EVs while Japanese firms have lost ground by focusing more on hybrid vehicles
The global sales of fully electric and plug-in hybrid vehicles (PHEVs) increased 31% in 2023, according to market research firm Rho Motion. The growth was reported to be 60% back in 2022.
Central to the recent rise of EVs is an ongoing competition between two battery technologies: solid-state batteries, which promise enhanced performance and safety, and traditional lithium-ion batteries, which have served as the workhorse of the EV industry.
India has recently unveiled a prototype of the BS-6 (Stage-II) electrified flex-fuel vehicle, which is said to run on 100% ethanol. The vehicle, a made-in-India Toyota Innova Hycross, is developed by Toyota Kirloskar Motor, and contains both a fuel flexible engine and an electric powertrain.
Tesla Inc., the multinational electric vehicle company, is set to appear in court to defend against claims that the malfunction of their autopilot driver feature resulted in accidents that led to death.