Auto News - Page 5

Tesla’s Big Emergency: Elon Musk’s EV company slashes prices for EVs, FSD, as sales tank

Tesla is slashing prices of its EV portfolio as well as its software services in the US, and key markets such as China, EU. Tesla is holding a lot of inventory and is looking for ways to get rid of the EVs at its stock yards and factories

Tesla already sources parts worth $1bn from India annually, Musk’s visit, EV factory to give major boost

Tesla is working with at least 30 automotive part makers based out in India. Of these, at least 8 are Indian while several others are companies with factories in India. The Tata Group too is set to become a key component provider

EVs not eco-friendly after all? Repair costs atrociously high, even minor accidents send cars to junkyards

The US and UK are facing acute shortages of qualified and trained mechanics who can repair accidental EVs, especially if the battery or the battery compartment gets damaged even slightly. Less than 10% of the UK's auto mechanics are qualified to work directly on EV batteries

Tata Meets Tesla: Indian business giant to make chips for Elon Musk’s EV company

Tesla may have signed a major partnership with India's Tata Electronics, under which it will source some critical semiconductor chips from the company for its Global EV operations

China seething about Tesla's India debut, claims EV maker will fail in 'underprepared, immature' market

China is apparently not pleased with Tesla setting up a factory in India and is seething at Elon Musk is expanding Tesla's operations in China. A Chinese newspaper article, claimed that India's "immature an underprepared markets" and "lack of adequate infrastructure" would fail Tesla

Tesla lays off 14,000 or 10% of its workforce, reveals leaked email from Elon Musk

Tesla has laid off at least 10 per cent or about 14,000 people from teams across the world, citing slowing EV sales and an attempt to improve efficiency. The news came to light after an internal memo from Elon Musk, leaked online

Officials urge President Biden to ban China-made cars, label them 'existential threat’ to US auto industry

Major politicians and officials in the current US administration have strongly urging President Biden to ban vehicles made in China. Even the White House has publicly stated that they are worried about the kind of equipment these Chinese cars and what kind of data they collect

China’s EVs actually good, Volkswagen can’t keep up with fierce EV competition, says VW CEO

CEO of Volkswagen Group, Oliver Blume believes VW is in no position to keep up with the fierce competition that China's EV makers pose. Up until last year, VW was the top selling carmaker in China, before it lost its crown to BYD

Tesla to unveil robotaxi on August 8, budget EV not cancelled, says Elon Musk

Amid reports that Tesla would cancel their $25,000 budget programme, Elon Musk has come out and announced that not only are they not cancelling the budget EV, they are also planning to launch a robot taxi by 2025

Ford to push back and reconsider EVs again because of slowdown, renew focus on hybrids

Ford said that they will take this opportunity to keep an eye out for emerging battery tech and see how it evolves. Meanwhile, Ford will go back to the drawing board and have a rethink on its hybrid car solutions

BYD Shows US Up: Chinese EV maker to launch fully electric pickup truck later this year

Despite not being a part of the US, a market where pickup trucks are ubiquitous, BYD has developed a one, which looks to be very promising. BYD will launch their EV pickup by the end of 2024

Tesla factory likely in Maharashtra, Gujarat or Tamil Nadu, to send team by April-end to finalise site

Tesla will be sending a team from the United States to look for a site in one of these three states. The factory needs to be in a coastal state that has a great automotive manufacturing hub

Tesla’s Unmitigated Disaster: Shipments fall to its lowest since 2022, BYD, Xiaomi to eat up market share

Tesla had on of its worst quarters, delivery wise, in Q1 of 2024. Experts and analysts believe that 2024 may be a rough year for Tesla market in terms of growth

Waiting for Xiaomi: Customers planning to buy SU7 EV are facing 7-month waiting lists

Xiaomi's SU7 electric vehicle sedan opened last Thursday, with prices starting at $29,870. Within the first 24 hours, pre-orders surged to 88,898, highlighting the significant interest among consumers

After Xiaomi, Huawei now eager to jump into EVs, starts manufacturing batteries for partner manufacturer

Just days after Xiaomi unveiled its first EV, Huawei has now started the mass delivery of its own luxury EV, which it makes in partnership with China's Chery Automobile. Called the Luxeed S7 starts at approximately $34,600

AI in Maruti Suzuki cars? Automaker buys stake in tech startup to use AI/ML for new models

Maruti Suzuki has acquired 6.44 per cent stake in an Indian AI startup, Amlgo Labs for Rs 1.99 crore. Maruti Suzuki hopes Amlgo's AI and ML models will help it take crucial decisions in enhancing the quality of new vehicle models

JSW signs joint venture with MG Motor, to launch new cars every 3-6 months, sell 1 million EVs by 2030

India's JSW Group and MG Motor have entered into a joint venture and plan to sell about 1 million electric vehicles in India by 2030. The new automotive JV also plans on launching a new product every 3-6 months

NVIDIA to collaborate with more Chinese EV makers despite US sanctions, growing markets a major force

Despite sanctions from the US, NVIDIA has announced that they will be working closely with several Chinese EV makers, including Tesla-rival BYD, in order to develop self-driving technology and AI-driven infotainment systems

Beds, army of drones, in-built kitchens: Chinese EV makers are offering bizarre extras to customers

In-car beds, kitchen sets with cooktops, an army of drones, camping equipment for your car — Chinese EV makers are offering all sorts of optional extras to their potential customers, in order to sweeten the deal

Arson at Tesla's German factory cost them $1 billion in damages, to lose more as production suspended

The fire at Tesla's German factory has already cost Elon Musk $1 billion in damages. This figure is only set to grow as the factory will remain shut for a number of days. Tesla makes at least a thousand cars every day at the factory

Not just Chinese, ALL big carmakers record & sell more data than most smartphone brands

It's not just Chinese-manufactured vehicles that are under scrutiny for their surveillance capabilities. A few months ago, a Mozilla study titled 'Privacy Not Included,' revealed that almost all major carmakers collect data from their users and sell it to advertisers

Chinese carmakers 'collect large amounts of data on occupants,' to face scrutiny in the US

Modern cars come with a lot of connected technology for features like drivers' assist, GPS, or even security measures. Given China's tendency to harvest data that Chinese companies collect, the US fears that connected technology in cars is a massive security risk

Apple pulls the plug on their electric smart car, to reassign 2,000 workers to AI projects

After investing billions and developing an EV for over a decade, Apple will finally be killing its plan for the Apple Car. The project currently employs over 2000 people. Most of these people will be reassigned to various AI projects, while some may be let go

MWC 2024: Xiaomi unveils SU7 EV, claims a range of 800KM, top speed of 265 kmph

After unveiling its first Ev in China last year, Xiaomi has unveiled its first EV to the world at the ongoing Mobile World Congress in Barcelona. With styling elements from a typical modern day McLaren hypercar and a Tesla, Xiaomi claims it has a range of 800kms and a top speed of 265 kmph

Why Elon Musk Fears BYD: Chinese EV maker launches $200,000+ hyper EV and $14,000 EV in same week

BYD has beaten Tesla in one of Elon Musk's halo project — of making hyper EV that would take on the best of the best from Lamborghini, Ferrari and other legacy hypercar makers. The new BYD Yangwang U9 costs $233,450, does 0-100 kmph in 2.36 seconds and has a top speed of 309.19 kmph

Tesla soon in India, government close to finalising concession on import duties for EVs

The Government of India is about to finalise a policy on the concessions on import duties on EVs in India, that cost over Rs 30 lakhs. Elon Musk was willing to to invest up to $2 billion in a Tesla factory in India, if the Indian government reduced the import duty it levies

Tata, MG cut EV prices in India, following Tesla, BYD globally. Is this the perfect time to buy EVs?

Tata EV became the first Indian automaker to offer massive discounts on EV, following Tesla and BYD's announcements of massive discounts on their products. Globally, the demand for EVs has cooled down, and so has the price. This is partly because of improvements in battery tech

Flying taxis by Maruti Suzuki? Indian auto giant to develop electric air copters with Japan’s Suzuki

Maruti Suzuki's SkyDrive is slated for being unveiled at the 2025 Osaka Expo in Japan, with plans for subsequent introduction in India as part of the 'Make in India' initiative. Market research is currently underway in India to gauge potential customer interest

Tesla sold only one car in South Korea last month, issues with EVs made in China to blame

Tesla has encountered a massive setback in South Korea's electric vehicle market as it managed to sell just one vehicle in January. This marked Tesla's worst month since July 2022, when the company recorded zero sales in the country

People using Apple's Vision Pro while driving has left US states scrambling to amend driving laws

People are using Apple's new spatial computer, the Vision Pro in some bizarre ways, including when driving. This is causing some major concerns over how people are endangering roads. Because the laws dealing with this are very vague, most states are scrambling to amend them