Electric Vehicle
- Business
LG to exit EV charger business amid global demand slowdown
Seoul: LG Electronics said on Tuesday it will exit the electric vehicle (EV) charger business, citing prolonged global demand stagnation in the EV market. The company’s EV charger-manufacturing subsidiary, HiEV Charger, will…
- Hyderabad
TGPWU seeks 50 pc subsidy on purchase of EVs for commercial purposes
Hyderabad: The Telangana Gig and Platform Workers Union (TGPWU) has urged the state government to provide 50 percent subsidy on purchase of electric vehicles (EVs) for commercial purposes. In a letter, TGPWU…
- Business
Tesla stock plummets 14% to $226.11, lowest since October
New York: Shares of Tesla are sliding again Monday as confidence in Elon Musk’s electric car company continues to disintegrate following a post-election “Trump bump”. In afternoon trading Monday, Tesla shares fell…
- Automobile
Hyundai, Kia post record sales in US in February
Seoul: Hyundai Motor, South Korea’s top automaker, saw its sales in the United States climb 3 per cent from a year ago in February, marking its biggest sales for the month, the…
- Automobile
Global brokerages give thumbs up to India’s evolving EV policy
New Delhi: Global brokerages and financial services majors have hailed India’s evolving electric vehicle (EV) policy which would help companies like Tesla to enter the country in a seamless way. According to…
- Technology
LG Chem shifts to Q4 loss as demand falls
Seoul: LG Chem Ltd., South Korea’s leading chemical firm, said on Monday that it shifted to a net loss in the fourth quarter from a year earlier due to lower demand for…
- Automobile
1 in every 2 cars to be a battery electric vehicle by 2035: Report
New Delhi: One out of every two cars sold globally is projected to be a battery electric vehicle (BEV) by 2035, a report said on Wednesday. Their sales are predicted to make…
- Automobile
Hyundai, Kia’s eco-friendly car exports rise 3 pc last year
Seoul: Hyundai Motor and its affiliate Kia said on Tuesday their combined exports of environmentally friendly vehicles climbed 3 per cent in 2024 from a year earlier despite an economic slowdown. Hyundai…
- Telangana
Telangana workers’ body demands special subsidy on commercial EVs
Hyderabad: The Telangana Gig and Platform Workers Union (TGPWU) has called for special subsidy on commercial electric vehicles operating in the state. The demand comes after the Telangana government issued a GO…
- Hyderabad
Video: EV battery explosion causes fire at house in Hyderabad
Hyderabad: A fire broke out at a house in Hyderabad’s Ramanthapur on Wednesday, November 27, in the Vivek Nagar area. The fire was reportedly caused by the explosion of an electric vehicle’s…
- Hyderabad
Hyderabad police bust electric vehicle scam, seize 28 scooters
Hyderabad: A group of cybercriminals was arrested by the Hyderabad Police for purchasing electric two-wheelers using hacked personal information and bank credentials of unsuspecting victims. The Commissioner’s Task Force, South-East Zone Team,…
- India
Indian EV Market projected to grow at over 40 pc CAGR till 2027: Report
Mumbai: The Indian Electric Vehicle (EV) market is expected to grow in the range of 35-40 per cent CAGR till the year 2027, according to a report on Wednesday. The report by…
- News
Homegrown EV firm BluSmart raises Rs 200 cr
New Delhi: Homegrown Electric Vehicle (EV) company BluSmart on Monday said it has raised $24 million (about Rs 200 crore) in its pre-series B round. The new funding will help BluSmart expand…
- Business
EV startup Battery Smart raises $65 million led by LeapFrog Investments
New Delhi: Electric vehicle (EV) startup Battery Smart on Tuesday said it has secured $65 million in a Series B funding round led by LeapFrog Investments. The startup said it will use…
- Middle East
Lucid to set up high-speed charging points in Saudi Arabia
In a significant step, United States (US) based electric car maker Lucid Group and and Electric Vehicle Infrastructure Company (EVIQ) has announced a strategic Memorandum of Understanding (MoU) to set up high-speed…
