Auto Industry News

Chinese electric vehicle maker Xpeng Inc will raise $1.8 billion by pricing its shares at HK$165 ($21.25) each as part of its Hong Kong dual primary listing, two people with direct knowledge of the matter said.

Reiterating the company's confidence in going petrol-only with the TSI engines, Skoda Auto India's Brand Directed, Zac Hollis told carandbike that the company sells more units of the TSI version of the Rapid compared to the older petrol and diesel models combined.

German driveline and chassis maker, ZF, has announced its plan to invest around 200 million Euros, which is nearly Rs. 1800 crore, in its India business, over the next few years.

The investment comes as Wejo prepares to go public later this year through a reverse merger with blank-check company Virtuoso Acquisition Corp.

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungarian plant in 2018, making batteries for 50,000 EVs a year.

The 1972 IGM F750 was the first race car that Gordon Murray designed after he arrived in the UK from South Africa in 1969.

Talking the example of a Tesla Model 3, the analysis says that a new EV owner will have to drive 13,500 miles (21,725 km) before their car does any less harm to the environment than a gas-guzzling saloon.

To achieve this massive growth, Skoda also plans to launch a sedan as well which will be previewed by the end of this year and deliveries will start early next year.