India Govt May Reduce GST On Retrofitted EVs From 18% To 5% - Reuters

SAIC and Audi partner to accelerate EV advancement

Chinese automaker SAIC on Thursday officially announced a partnership with German luxury car company Audi to fast-track the advancement of electric vehicles through collaborative efforts.

"All stakeholders agree that the Chinese auto market is in the midst of the biggest transformation in its history, therefore we will... More

Nio (NIO) launches updated battery leasing program, expands charging network

Emerging Chinese electric vehicle maker, Nio Inc. (NYSE: NIO) announced Thursday the launch of their updated battery leasing program. Under the new terms, drivers leasing a battery from Nio are allowed to replace their battery packs with a higher energy density one daily rather than after months or years, as was previously the case.

Nio EV owners with the... More

Tesla (TSLA) begins sales of EVs in Malaysia

Tesla (NASDAQ: TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

Over the years, the EV giant has dedicated itself to expanding its sales to new markets,... More

Tesla (TSLA) in 'early discussions with a major OEM' to license full self-driving software

Electric vehicle giant, Tesla (NASDAQ: TSLA) held their 2Q earnings call on Wednesday where CEO Elon Musk spoke about the direction of the company, and confirmed that the Electric automaker is in early discussions to license its Full Self-Driving software to a major automaker.

Were not... More

Li Auto (LI) CEO confirms no imminent overseas market plans

Li Xiang, the CEO of Chinese electric automaker Li Auto (NASDAQ: LI), recently announced on Weibo, a Chinese Twitter-like platform, that the company currently has no intentions of expanding overseas. Instead, their primary focus lies in dedicating all resources and efforts towards accomplishing their... More

Tesla (TSLA) recalls 15K Model S and X EVs for seatbelt issues

Over 15,000 Model S sedans and Model X SUVs from the 2021 through 2023 model years are being recalled by Tesla (NASDAQ: TSLA) due to a potential issue with their front seat belts, which may lead to detachment. This poses a significant safety concern as occupants could be exposed to an increased risk of injury in the event of a crash.

The National Highway Traffic Safety... More

Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call

Tesla (NASDAQ: TSLA) held its Q2 earnings call after market closed Wednesday. According to the release, the electric vehicle makers profits grew 20% in the quarter to $0.91 per share, coming in ahead of the streets estimate of $0.79. Revenue for the quarter increased 47% to $24.93 billion, versus the consensus estimate of $24.29 billion.

Tesla CEO Elon Musk joined the call to announce the companys record vehicle production and deliveries and record revenue during Q2. These results come after the companys Model Y became the best-selling vehicle of any kind globally in Q1,... More

JPMorgan Stays Underweight on Tesla (TSLA), PT $120, 'lowering our earnings estimates for Tesla shares today and suspect the Street will as well'

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We are lowering our earnings estimates for Tesla shares todayand suspect the Street will as wellafter the companys fourth straight operating profit miss vs. Bloomberg consensus, brought about again by the continued trading of profits for sales. Automotive adjusted gross margin excluding the sale of regulatory credits remains at the front and center of investor attention after this key performance metric shocked investors last quarter by plummeting -1,100 bps y/y from a then... More

Tesla (TSLA) to expand German EV plant near Berlin, aims for Europe’s largest vehicle factory

Tesla (NASDAQ: TSLA) aims to boost the production capacity of its assembly plant located outside Berlin to an impressive one million electric vehicles annually. This strategic move positions the company to become the largest car plant in Europe, coinciding with a period in which German automakers are facing challenges in keeping up with the transition to electric vehicles.

On Wednesday, thousands of pages of Tesla's expansion plans were made public, and if these plans receive approval from local officials, the production output of the plant will surpass that of Volkswagen's... More

Sales of EVs in India to reach 376k units by 2030, says P&S Intelligence

Market research company, P&S Intelligence released a report Wednesday predicting the sales volume of Electric vehicles in India to be on track to hit 376,000 units by 2030, rising from 37,792 units in 2022 at a 33.3% CAGR.

The rise is mainly attributed to the expanding construction of manufacturing facilities, a boost in foreign direct investment, and a robust effort to enhance the charging infrastructure.

Uttar... More