30 April 2024

Would Leapmotor be a disruptor in India’s budget EV space?

After MG and BYD, Chinese electric vehicle (EV) maker Leapmotor is gearing up to enter India with its budget vehicles, and would it be a disruptor in the Indian EV space?

The Chinese company, which has previously been holding parleys with Sajjan Jindal’s JSW, will be unveiling investments and India entry plans in a tie-up with the Stellantis group, which recently picked a stake in its global operations.

Tesla sells more electric cars in US than all other automakers combined

We may be hearing news that Tesla has lost market share to BYD in China and had to slash prices, but Elon Musk’s company still sells more electric cars in the US than all other automakers combined.
 
Tesla’s, others share in US market
 
Despite the challenges Tesla faces in China, it continues to lead the US market with an overwhelming 55.2 per cent share.

29 April 2024

Mercedes-Benz G 580 with EQ technology: A game-changer in electric SUVs

The wait is over for the Mercedes-Benz G 580 with EQ technology, which is supposed to be a game-changer in electric SUVs. Mercedes-Benz’s latest innovation, from its all-electric G-Class, made its global debut, exciting enthusiasts worldwide.
 
Billed the G 580 — with EQ technology — this electric SUV combines the iconic G-Class aesthetics with cutting-edge electric power.

28 April 2024

Capex in India’s EV components business to grow substantially in 3 years

With government support via subsidies and higher awareness, the electric vehicle (EV) industry in India has flourished in the past couple of years and this is set to spur the components industry capital expenditure (capex) in the next three years.
 
The EV industry growth is boosted by factors like better product offerings, improved charging infrastructure and a galore of financing options as well as government support.