The automaker who is traditionally knows for fuel guzzling SUVs and CVs has announced it’s intention to diversify towards the Electric Vehicles (EV). Key point to note – The Company targets to launch 8 new Electric SUVs and 8 new Electric Light Commercial Vehicles by 2026. It is targeting to invest Rs 3,000 crore towards … Read more
Apple supplier and the world’s biggest contract electronics manufacturer Foxconn, the world’s largest contract electronics producer is reportedly planning to unveil its first electric vehicle ‘FOXTRON’ in a few days’ time – precisely on October 18. According to couple of teasers released by Original Device Manufacturer (ODM), the front view of the new car has … Read more
Tata Motors (TML) does a start-up kind of fund raising and announces $1 bn of investments from TPG and ADQ (of Abu Dhabi) in it’s EV business. Key points to note – The investment values the EV business at $9.1 bn post money. Funds will come in two tranches – 50% by March 2022 and … Read more
Tesla reported Saturday record quarterly deliveries despite the surrounding turbulence. An analyst at Wedbush Securities sees the performance as “massive.” The Tesla Analyst: Daniel Ives maintained an Outperform rating and $1,000 price target for Tesla shares. The Tesla Thesis: Tesla’s third-quarter deliveries of 241,000 beat even the bull-case whisper number on the Street, analyst Ives … Read more
China’s Contemporary Amperex Technology Co., or CATL, the world’s largest battery manufacturer, unveiled its latest product in July — a sodium-ion battery. Done right, this technology could lead to widespread adoption in a market largely dependent on subsidies and where EV sales are still a fraction of all cars. Key points in this regard – … Read more
There’s no shortage of excitement for electric vehicle battery startups or multibillion dollar investments in the industry, as companies, backers and scientists look for the winning play. China, though, is already moving on to the next leg in the race — one that isn’t dependent on a big, bold breakthrough — with sodium-ion batteries. Done … Read more
Some key points for easy reference – Kinetic Engineering (KE) founded in 1972 is the same Company that had launched Luna Moped in 1975. It also had partnered (JV) with Honda and launched the famous Kinetic Honda Scooter in 1980s (was subsequently sold to Mahindra in 2008 who later wound it up). A company with … Read more
Jeff Bezos and Bill Gates are backers of the mineral exploration startup KoBold Metals. KoBold’s CEO told Insider that a new partnership with BHP would hunt for metals used in EVs. The partnership could eventually source metals for Tesla vehicles, House said. See more stories on Insider’s business page. An artificial intelligence startup backed by … Read more