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Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant

Dec 31, 2022 05:40 PM

1 mins read

Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.

China's Li Auto Sees Higher Deliveries In Q4; Third-Quarter Loss Widens

By Reuters

Dec 31, 2022 05:40 PM

Li Auto Inc forecast higher delivery of vehicles and a rise in revenue in the fourth quarter, banking on a production ramp-up and better cost management.

China's CATL To Provide EV Batteries For Honda Starting In 2024

By Reuters

Dec 31, 2022 05:40 PM

CATL would supply batteries for seven years for Honda's electric vehicles in China.

Swedish Self-Driving Truck Start-Up Einride Raises More Cash

By Reuters

Dec 31, 2022 05:40 PM

Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.

Toyota Launches Second Hybrid Vehicle In India Amid Green Car Push

By Reuters

Dec 31, 2022 05:40 PM

Toyota launched its second hybrid car in India, a seven-seat people-carrier, as part of a broader strategy to double-down on the sale of electrified vehicles in emerging markets.

Japan Lawmaker Says TSMC Is Considering Second Plant In Japan

By Reuters

Dec 31, 2022 05:40 PM

A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.

Tesla To Run Reduced Output In Shanghai In January, Plan Shows

By Reuters

Dec 31, 2022 05:40 PM

Tesla will run production for 17 days in January between Jan. 3 to Jan. 19 and will stop electric vehicle output from Jan. 20 to Jan. 31 for an extended break for Chinese New Year

Uber, Motional Launch Robotaxi Service In Las Vegas

By Reuters

Dec 31, 2022 05:36 PM

The launch is part of a non-exclusive 10-year agreement between both the companies for driverless vehicles, with a rollout in Los Angeles expected to follow.