An electric vehicle control systems researcher, Xu Fuguo, has left a high-profile 4.5 billion yen (US$30 million) Japanese government-funded project and joined Dalian University of Technology in northeastern China amid intensifying global competition in the EV sector. Xu, whose decade-long career in Japan included pioneering research for Toyota and leadership roles in landmark automotive projects,…
Cheap vehicles, growing market share, a new super-fast charger — Chinese electric vehicle company BYD is taking the fight to Tesla, as the American EV maker’s global sales slump. The company made $170 billion in revenue in 2024, which beat market analysts’ predictions and soared past Tesla’s annual revenue of $155.5 billion. BYD reported a…
Transparency Market Research The Car Leasing Market is set for growth from 2024 to 2034, driven by rising demand for flexible and cost-effective vehicle ownership. Offering various lease types like closed-end, open-end, and high-mileage leases, the market caters to both individuals and businesses. Finance and operating leases, including subscription-based models, are gaining traction. Increasing EV…
The new Model Y variant will be 20 per cent cheaper than the existing editions, which are priced from 263,500 yuan (US$36,406) to 303,500 yuan, according to two people with knowledge of the matter. The US carmaker plans to start producing the car next year at its Shanghai factory. The company has also sent engineers…
Kolkata Hosts UK EV Delegation On Clean Transport Mission A UK electric vehicles delegation, comprising six innovative SMEs specialising in fleet telematics, battery energy storage systems, AI, IoT-based cybersecurity and modular decentralized generators, visited Kolkata on Tuesday to explore opportunities in India. The delegation, facilitated by Connected Places Catapult and supported by Global Business Inroads…
We recently compiled a list of the 8 Most Undervalued EV Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Ford Motor Company (NYSE:F) stands against the other undervalued EV stocks. In 2024, the worldwide EV (electric vehicle) market value was roughly $1.32 trillion, as reported…
Customs officers have detained a 53-year-old driver at the Hong Kong-Zhuhai-Macau Bridge checkpoint after discovering more than HK$5 million (US$643,290) worth of dried seafood delicacies, such as bird’s nests and fish maw, concealed in his mainland China-bound Tesla. Officers said on Thursday that the electric vehicle had been modified to create additional storage space. They…
China’s largest electric vehicle (EV) maker BYD plans to raise up to HK$40.7 billion (US$5.05 billion) in a primary share placement to support its research and development efforts and overseas expansion, according to a term sheet seen by the Post. The company will issue 118 million shares at between HK$333.00 and HK$345.00 per share to…
Havells India Ltd. will enter the electric vehicle charging market in the next six months as the company eyes to tap into the lucrative sunrise sector set to buzz after the entry of Elon Musk’s Tesla.The company will tap automakers, charging infrastructure, consumers and real estate developers, said Vivek Yadav, executive vice president, Havells India.”The…
The electric vehicle (EV) ecosystem in the country faces many challenges, and Elon Musk’s Tesla investment (or not) in India is the least of the worries. Yes, Tesla is a big EV player, and its presence in the domestic market can have a positive rub-off effect. However, excessive focus on its entry into India is…