Electric Mobility News
Israeli Startup Makes Inroads With Personal Flying Vehicle
The test-phase voyage may not look out of the ordinary at first given the huge progress made in drone technology. Another propellered aircraft rising vertically off the ground and then thrusting forward high in the sky.
TuSimple Plans To Layoff Half Its Workforce Next Week - Report
Dec 25, 2022 11:48 PM
Self driving trucking company TuSimple Holdings Inc plans to potentially cut half of its workforce next week.
Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant
Dec 25, 2022 08:39 PM
Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.
China's CATL To Provide EV Batteries For Honda Starting In 2024
Dec 25, 2022 08:33 PM
CATL would supply batteries for seven years for Honda's electric vehicles in China.
Swedish Self-Driving Truck Start-Up Einride Raises More Cash
Dec 25, 2022 08:30 PM
Einride had agreed to raise capital of $500 million from debt, equity and the conversion of earlier loans, speeding up the company's ability to pursue new markets and customers.
U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use
Dec 25, 2022 03:09 PM
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.
India Probes Possible Misappropriation Of Incentives By EV Makers
Dec 25, 2022 02:56 PM
India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.
South Korea's Yoon Ready To Offer 'Tailored' Benefits To Attract Tesla Gigafactory: Report
Dec 24, 2022 11:49 PM
Yoon held a video call with Tesla Chief Executive Elon Musk last week and Yoon's office cited Musk as saying South Korea is among the top candidate locations for a new Tesla factory.
Automakers, South Korea Urge U.S. To Tap Commercial EV Tax Credit
Dec 24, 2022 11:48 PM
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, sparking anger from South Korea, the European Union, Japan and others.
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