New Cars News

The Brihanmumbai Electricity Supply and Transport (BEST) Committee has approved the induction of 900 air-conditioned double decker electric buses on wet lease on Tuesday.

Panasonic unveiled the 4680 format (46 millimetres wide and 80 millimetres tall) battery in October.

In a filing in Manhattan federal court, Tesla accused JPMorgan of "bad faith and avarice" for demanding $162.2 million after the bank had unilaterally changed the terms of warrants it received when Tesla sold convertible bonds in 2014.

Moody's affirmed in a note that Tesla's outlook remains positive and the company will continue to increase its scale rapidly and improve its profitability notably.

There were no external investors participating in the round. The company did not provide any details on its valuation.

Maruti Suzuki which sells every second car in India, also said it sees the chip-shortage crisis improving in the current quarter which it hopes will help ramp up production to close the gap on pending orders.

Chief Executive Officer Elon Musk promises an updated product roadmap on Wednesday, with eyes on the time frames for the launch of Cybertruck and a hoped-for $25,000 electric car.

Hitting that production target would depend on a stable supply of chips