Electric Cars News

Nio Inc, one of China's high-profile electric car startups, disclosed a fresh money-raising push this week, saying it had issued $200 million worth of bonds and was accelerating cost-cutting programs to slow cash burn as the company seeks to attract more investors in a slumping market.

Volvo claims that the XC40 Electric will be as safe as a regular Volvo and engineers have completely redesigned the front and rear along with developing a new battery pack cage.

U.S.-listed shares of Tesla rival Nio Inc tumbled 25% on Tuesday after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand.

Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday pledged to make the largest U.S. e-commerce company net carbon neutral by 2040 and to buy 100,000 electric delivery vans from a start-up, as employees and consumers around the world plan protests to address climate change. Cutting emissions is a challenging goal for Amazon, which delivers 10 billion items a year and has a massive transportation and data centre footprint. "We know we can do it and we know we have to do it," Bezos said.

Tata Motors has confirmed that it will launch the Tigor EV with extended range next week and it could be available for private buyers as well. There are no details available on pricing as yet.

Tata Motors is all-set to take its EV game ahead with its latest EV powertrain technology. The Ziptron will power a range of Tata's future EVs and carandbike can confirm that the first two models will be the electric iteration of the Altroz and Nexon. The Company will launch its first EV based on the Ziptron EV tech in 2020 and the next will follow in 2021. The Ziptron tech uses lithium-ion cells which provide a minimum drive range of 250 kms on a single charge.

Tata Electric Vehicle:The company has christened the new powertrain Ziptron and it will power the company's future electric vehicles. The first electric car to get this new powertrain technology will be launched in India in the fourth quarter (Q4) of the 2020 financial year.

Encouraging the adoption of electric vehicles (EVs) in the state, the government of Tamil Nadu has announced the Electric Vehicle Policy draft with a number of recommendations and changes for the EV sector. The big takeaway from the announcement will be the 100 per cent exemption on registration fees for EVs until the end of 2022. According to the policy draft, the state government plans to become a centre for the EV ecosystem, not just in demand but manufacturing as well. The draft proposes a number of incentives to industries and buyers in a bid as it plans to attract Rs. 50,000 crore of investment in EV manufacturing and creation of over 1.5 lakh new jobs. Here's a detailed look at the Tamil Nadu EV Policy.