With cities reopening and travel booming, consumers are shifting their budgets to services, Chief Executive Dara Khosrowshahi said, compared to the two years of COVID-led lockdowns when they had limited spending to basic needs.
Zeekr joins a growing list of Chinese automakers looking to launch or expand sales of electric vehicles in Europe next year, including BYD, Xpeng and Great Wall Motors.
Verkor, which is based in Grenoble, said investors in the funding round included French bank Societe Generale, German industrial company Siemens and the European Investment Bank, which put in 49 million euros.
The partnership with Google will also help Renault accelerate its "end-to-end digital transformation, from the design of the car to its market launch through its production," Renault Chief Executive Luca de Meo said in a statement.
In a new action plan, the Chinese government said it would build a "green technology innovation system" over the 2021-2025 period to tackle air, soil and groundwater pollution, reduce waste and protect ecosystems, noting that current technologies were not mature enough to serve the country's long-term needs.
Mazda plans to invest 1.5 trillion yen ($10.6 billion) by 2030 to procure electric vehicle (EV) batteries and cooperate with battery supplier Envision AESC.
The Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026.
Decades-high inflation, rising energy bills in Europe and signs of a weakening China market have raised doubts among some analysts about whether Tesla can buck an economic slowdown and continue to raise prices without hurting its sales.
Brent crude futures settled down 1.7%, to $90.03 per barrel, while U.S. West Texas Intermediate (WTI) crude settled down 3.1%, to $82.82 per barrel on Tuesday
As per federal data, Tesla topped registrations of battery-electric vehicles in Germany in the first nine months of this year at nearly 38,500 beating the Volkswagen brand by around 6,000 vehicles.
VinFast, which began operations in 2019, is a unit of Vietnam's biggest conglomerate Vingroup and has sold 2,208 EVs in total since its launch late last year.
The police department believes that the Tesla Model Y will save them $8,525 towards fuel in 5 years which is one of the major motivators for this move.
Hero Electric has announced a partnership with eBikeGo, a last mile mobility solutions provider under which Hero will supply 1,000 electric two-wheelers to eBikeGo over FY-2022. The idea is to deploy these EVs for last mile logistics and monthly rentals to customers.
Mobile Drive will focus on developing infotainment and telematics solutions as well as a cloud service platform, which will aim to deliver a comprehensive smart cockpit solution.
The continued human presence in what are supposed to be software-driven, automated vehicles underscores the challenges facing the automated vehicle industry, which has consumed billions of dollars in investor capital over the past decade.
Ayukawa went on to say that, "If the government starts a special centre, such a centre will not be commercially viable and may take a long time to set up across India."
These mobile charging stations follows an innovative EV 'Charging-on-Demand' approach and is managed as an Internet of Things (IoT) device, allowing for remote condition monitoring and organization of operations.
The Eicher Motors' board came to a conclusion with Siddhartha Lal's remuneration, re-appointing him as the Managing Director with effect from May 1, 2021, for a period of five years.
As per the notification by the Indian Oil Corporation, domestic petrol rates have been cut by up to 15 paise whereas diesel prices were reduced by up to 16 paise.
Delhi-based electric vehicle startup, Euler Motors has announced bagging an order for 2500 electric three-wheelers, ahead of its maiden launch. The company, which focuses on electric commercial vehicles, has received orders from several eCommerce giants, including BigBasket, Flipkart, Udaan, Hyperlocal and few B2B delivery players.
