BYD warns profit to plunge on electric car subsidy cuts, shares tumble
China’s BYD Co, backed by Warren Buffett’s Berkshire Hathaway, warned subsidy cuts for new-energy vehicles could slash its quarterly profit by as much as 90 … Read more
Electric Vehicles
Nissan, Sumitomo Corp. and 4R set up plant to recycle electric car batteries in Japan
Japan’s first plant specializing in the reuse and recycling of lithium-ion batteries from electric vehicles is set to open amid growing demand for electric cars. … Read more
Hyundai Nexo Fuel Cell Electric Vehicle goes on sale in Korea
Hyundai Motor started sales of its Hyundai NEXO fuel cell electric vehicle in Korea following very successful pre-orders. Prior to retail sales commencing, the Hyundai … Read more
Nissan spins up new plant to give second life to EV batteries
At a small plant intended to help revitalise a town ravaged by the 2011 earthquake, Nissan Motor Co is giving its costly electric vehicle (EV) … Read more
Government may extend financial support of Rs 8,730 crore for the second phase of FAME
The government is likely to extend financial support of Rs 8,730 crore for the second phase of the FAME India spanning five years but the … Read more
Kia Motors likely to bid for electric car tenders soon: report
Kia Motors India Pvt. Ltd. may bid to supply electric cars to the government once its manufacturing unit is commissioned in Andhra Pradesh claims a … Read more
Daimler launches new DENZA 500 electric vehicle for the Chinese market
Daimler and BYD Automotive Industry Co., Ltd. launched the new DENZA 500 battery electric vehicle from their joint venture, Shenzhen DENZA New Energy Automotive Co., … Read more
Infrastructure is a key prerequisite for Mercedes-Benz to enter the Indian EV space
India’s push for electric mobility by 2030 is something that has to be considered to decide the right Mercedes-Benz products for the market in future … Read more
Sustainable drive on the dream road: the MINI Countryman Panamericana Plug-In Hybrid
At the New York International Auto Show (March 30 through April 8, 2018), BMW’s MINI-style electro mobility will conquer new terrain with the presentation of … Read more
Mahindra, Ford sign MoUs to Co-Develop Compact Suv, Electric Vehicles
Mahindra Group and Ford Motor Company will jointly develop new SUVs, and a small electric vehicles as part of several initiatives announced today between the … Read more