Tesla skeptics are voicing their concerns following the company’s impressive $500 billion rally this year. The primary challenge for Tesla in the next two years will be a surge in competition from rival automakers who are capitalizing on the increasing demand for electric vehicles. This challenge comes at a time when Elon Musk, Tesla’s CEO, …
Ola Electric Mobility is poised for an early initial public offering (IPO), surpassing its founder’s expectations. The Indian startup has experienced rapid growth since it entered the electric scooter market in late 2021. In an interview, Founder and CEO Bhavish Aggarwal revealed that he initially anticipated it would take four to six years of revenue …
China’s BYD has submitted a $1 billion (nearly Rs. 8,200 crore) investment proposal to establish a joint venture for electric cars and batteries in India. The proposal was made in partnership with Hyderabad-based Megha Engineering and Infrastructures. The plan includes the production of a full range of BYD-brand electric cars in India, from hatchbacks to …
A consortium of electric vehicle (EV) charger manufacturers and operators has voiced its concerns regarding Texas’ proposal to mandate the incorporation of Tesla technology into charging stations. In a letter to the Texas Transportation Commission, the group, including companies such as ChargePoint Holdings and ABB, along with a clean energy association, requested more time to …
Foxconn, the world’s largest contract electronics assembler, is making significant investments in Vietnam’s burgeoning electric vehicle (EV) industry. The company is set to invest approximately $250 million in two new projects, solidifying its plans to diversify beyond its traditional focus on Apple and other major brands. Through its unit Foxconn Singapore, the Taiwanese giant will …
Ola, the electric vehicle company, announced the initiation of construction for its impressive 100GWh gigafactory at its manufacturing facility in Tamil Nadu. The company proudly revealed the installation of the first pillar of its cell factory in Krishnagiri, Tamil Nadu. For those unfamiliar, a gigafactory serves as a hub for the production of equipment and …
During his visit to Paris, CEO Elon Musk revealed that Tesla is on the cusp of achieving fully autonomous vehicles, emphasizing that autonomy is the primary factor driving the brand’s market value. This announcement caused Tesla’s shares to surge by up to 3%, reaching their highest level in over eight months. Despite being the world’s …