Die-hard Tesla Inc. investors might be forgiven for wondering why the thrill of owning the iconic carmaker’s stock has seemingly disappeared. After all, since catapulting over 700% last year, the shares have barely eked out a 3.4% advance in 2021. Meme stocks like GameStop have pushed Tesla out of the limelight, while Bitcoin has attracted … Read more
While it has already opened its electric technologies plant in Bengaluru that produces battery packs, power electronics and motors, it has also invested in a new manufacturing unit at its chakan plant to produce EVs. Mahindra & Mahindra Ltd will put in fresh investments to the tune of ₹ 3,000 crore on its electric vehicles … Read more
What Happened: U.S. President Joe Biden is pushing to add more than 500,000 charging stations over the next four years. Many investors believe this will favor traditional automakers, but Loup says that’s not necessarily the case. “We see it as a positive for both, given EV adoption is still nascent at about 2% of new vehicle sales … Read more
Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is “no dialogue” with the Elon Musk-owned car company for a partnership in India, while adding, “We will do it on our own.” “There is no dialogue with Tesla. With us, there is nothing,” Chandrasekaran … Read more
Nearly every major automaker has some kind of electrification plan in the works, following the EV lead set by Tesla. But pure EVs still have limited range and nationwide charging infrastructure isn’t where it needs to be in the US just yet. Plug-in hybrids with good EV-only range are the solution. Much of the talk … Read more
Alternet Systems, Inc. (USOTC: ALYI), like all electric (EV) vehicle industry participants, recognizes that battery cost and driving range are key factors in clearing the way to the widespread adoption of electric vehicles. Recent battery technology advances are now bringing the EV industry close to a wide spread adoption “tipping point”. The Great Battery … Read more