Electric Mobility News

The company is one of the many EV startups struggling to launch its products as a bleak global growth outlook and a funding squeeze dented production schedules and compounded losses.

As part of the agreement, Tata Motors' subsidiary, TML Smart City Mobility Solutions, will supply, operate, and maintain 921 units of 12-metre low-floor electric buses in Bengaluru, for a period 12 years.

Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited pickup truck.

Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.

The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023

India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).