As a result, SungEel HiTech — one of only two battery recycling companies listed on Korea’s tech-heavy Kosdaq — has faced falling profitability and declining free cash flow for two consecutive years. South Korea’s leading industrial players are ramping up their efforts in the electric vehicle (EV) battery recycling sector, reflecting growing expectations that the…
Chinese automaker BYD has officially dethroned Tesla as the world’s leading EV seller. In 2024, BYD reported staggering revenues of $107 billion, selling 4.27 million vehicles worldwide—more than double Tesla’s 1.79 million deliveries. Tesla, in contrast, generated $97.7 billion in revenue, experiencing its first annual sales decline of 1.1%. The numbers don’t lie—BYD is rewriting…
Hyundai Creta EV on display at the Auto Expo 2025 (Image: Keshav Rajput/Times Now) The Indian electric vehicle market is entering a new phase with the influx of global brands. While domestic players like Tata Motors and Mahindra have historically dominated the sales of new energy vehicles, the landscape is rapidly evolving. Global manufacturers such…
Tesla CEO Elon Musk attends the groundbreaking ceremony of Tesla Shanghai gigafactory on Jan. 7, 2019. Xinhua News Agency via Getty Images Earlier this week, reports emerged that China’s rulers viewed the world’s richest person and Donald Trump’s informal adviser Elon Musk as a suitable buyer of TikTok, which will be banned in the U.S….
NEW DELHI: The global electric vehicle (EV) market is set to grow significantly in coming years, with projections indicating it could reach $ 2,108 billion by 2033, according to a Axis Securities report.The market currently valued at $255 billion grew at a compound annual growth rate (CAGR) of 23 per cent from 2024 to 2033.The…
Share Tweet Share Share Email In the small city of Bad Dürkheim, nestled in the picturesque Palatinate region of Germany, an unexpected revolution is brewing. At the helm of this revolution is Lars Stevenson, a man whose life story reads like a modern-day odyssey; a tale of eclectic…