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 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
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
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 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 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
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
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
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 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
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 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 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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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 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 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