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India invites bids for $960M battery production initiative

India is launching a bidding process for an 80 billion rupees ($960 million) incentive initiative aimed at fostering the production of electric vehicle batteries, according to insiders familiar with the matter.

The initiative mandates successful bidders to establish cutting-edge chemistry battery plants capable of generating a combined output of 20 gigawatt hours.

The government will... More

India considers 5yr tax cuts for imported EVs

India is contemplating a reduction in taxes for imported fully assembled electric vehicles for a duration of up to five years. This move is aimed at attracting companies like Tesla Inc. (NASDAQ: TSLA) to market and, in the future, manufacture their electric cars within the country.

According to a Bloomberg report, citing unnamed sources, the Indian government is actively formulating an EV policy that... More

Britain's EG Group to acquire 20K Tesla chargers

EG Group announced Monday that the British gas station operator will acquire Tesla (NASDAQ: TSLA) ultra-fast charging units in a move aimed at enhancing electric vehicle charging throughout Europe, and aligning with Tesla's efforts to broaden its charging business.

EG Group, under the ownership of... More

SAIC-GM partner with Tesla (TSLA) for supercharger access in China

SAIC-GM, a joint venture between SAIC Motor and General Motors (NYSE: GM), announced its plans to join forces with Tesla (NASDAQ: TSLA) for access to the EV automakers Supercharger Network by the close of 2023.

This groundbreaking collaboration positions SAIC-GM as the first... More

Tesla (TSLA) 'can't possibly be matched' billionaire investor Ron Baron tells CNBC

Billionaire investor Ron Baron told CNBC on Friday that he is sticking with his long-time position in electric car giant Tesla (NASDAQ: TSLA), alongside CEO Elon Musk's leadership, due to his cost-consciousness.

Baron said in an interview with CNBC's "Squawk Box" that... More