Churchill Capital Corp IV’s stock has more than tripled on report it is in talks with Lucid Motor When news emerged in December that Churchill Capital Corp IV, a blank-check company with no assets beyond its $2 billion in cash, had made an offer to acquire DirecTV, its stock barely moved. After a report in […]
Explainer Future Power How is Australia travelling with the switch to electric cars?
Electric cars will become a part of the power grid one day – and many countries are speeding ahead with uptake. So why is Australia stuck in the slow lane? Powering up his local government’s car fleet with electric vehicles is one way for Canterbury Bankstown mayor Khal Asfour to deliver on his council’s climate […]
Apple to invest $3.6 billion in Kia to make EVs
The iPhone maker plans to set up production with Kia and build Apple cars at the automaker’s facility in Georgia, U.S., the newspaper said. The companies may sign a deal on Feb. 17 and aim to introduce Apple cars in 2024, according to the report, which said they have an initial target to produce […]
China’s Geely, Baidu announce electric car ventures
Beijing: Chinese automaker Geely says it will form an electric car venture with tech giant Baidu, adding to a flurry of corporate tie-ups in the industry to share soaring technology development costs. Geely Holding Group, which also has separate electric car brands, said Monday the venture with Baidu.com Inc. would focus on intelligent and connected […]
GM to build electric delivery vans under new BrightDrop brand
The move comes with GM and other automakers racing to keep pace with electric carmaker Tesla’s dizzying growth, and as Amazon is set to launch its own electric delivery vans from the startup Rivian Washington: General Motors unveiled plans Tuesday to build electric vans under the new BrightDrop brand, in a move aimed at creating […]
BMW aims for 20% of its vehicles to be electric by 2023: Paper
“We are significantly increasing the number of electric vehicles. Between 2021 and 2023, we will build a quarter of a million more electric cars than originally planned” Zipse told the newspaper’s Monday edition FRANKFURT : German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German […]
Bounce to add 4,000 EVs to its fleet by February, aims to go fully electric by Q3-FY22
In the last few months, Bounce has seen a steady rise in the number of daily rides and now has reached 35% of its pre-Covid numbers. Shared mobility platform Bounce on Friday said it plans to add 4,000 e-scooters on its platform by February and transition to a 100% electric vehicle fleet by the third […]
China’s Great Wall plans new electric, smart vehicle brand: Sources
Baoding-based Great Wall will launch a new standalone brand, internally coded as “SL project”, for electric and smart vehicles, which will be priced higher than existing products, two people, who declined to be named, said. BEIJING/SHANGHAI: China’s Great Wall Motor plans to launch a new standalone brand for electric and smart vehicles, sources familiar with […]
Ather Energy launches its electric scooter 450X in 16 additional Indian cities
The company said it has launched the electric scooter in Mysore, Hubli, Jaipur, Indore, Panaji, Bhubaneshwar, Nasik, Surat, Chandigarh, Vijayawada, Visakhapatnam, Guwahati, Nagpur, Noida, Lucknow and Siliguri. NEW DELHI: Electric two-wheeler startup Ather Energy on Monday said it has launched its 450X scooter in 16 additional cities in the country. The company said it has […]
Electric vehicle makers see huge opportunity post Covid-19
Post Covid-19, the global electric vehicle and electric vehicle infrastructure market is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1 per cent. India is expected to be a significant contributor to this growth CHENNAI: With more and more Indians adopting the social […]