Electric Mobility News

India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).

The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.

Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.

Shailesh Chandra, President – Passenger Vehicle Business Unit handed over the electric SUV to Lalitha Chandrasekaran, the wife of N Chandrasekaran, Chairman of Tata Group.

Tesla Chief Executive Elon Musk said it was "generally wise" to avoid using margin loans on any company when there are macroeconomic risks involved, in response to a question on Twitter about the electric-vehicle maker's stock performance.

Tesla CEO Musk delivered the company's first heavy-duty Semi to PepsiCo without offering updated forecasts for the truck's pricing, production plans or how much cargo it could haul.

The company's automotive efforts, known as Project Titan, have proceeded unevenly since 2014, when it first started to design a vehicle from scratch.

This comes in addition to a previously announced 4,000 yuan insurance subsidy, but is only applicable for customers buying a current car model and completing delivery by the end of December.