China’s EV makers target drivers who can’t afford a Tesla

China buys more electric vehicles than any other country, and most sales occur in big cities such as Beijing and Shanghai. EV buyers there can afford to spend 300,000 yuan ($43,000) on a sedan like the Tesla Model 3. Fang Yunzhou, chairman of one of Tesla Inc.’s local rivals, has a different customer in mind: a consumer who lives in a less affluent small city or even a farmer in the countryside. “Our goal is to provide a real product affordable for the whole market, rather than a rich kid’s…

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Electric vehicle: EV market likely to be Rs 50,000-cr opportunity in India by 2025: Report

MUMBAI: The electric vehicle (EV) market is likely to be a Rs 50,000-crore opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles in the medium term in the wake of COVID-19, according to a report. The report by Avendus Capital, which is an investment banking arm of financial services provider Avendus Group, also said the total cost of ownership (TCO) in case of low- and medium-speed electric two-wheelers is already lower than internal combustion engine vehicles. “With the present and projected level…

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electric vehicle charging: First public EV charging station in Delhi inaugurated

NEW DELHI: The first public e-vehicle charging station in Delhi was inaugurated on Saturday. The e-vehicle charging-station is set-up under a partnership between power discom BYPL and EV Motors India Private Limited. The station can charge four vehicles at a time, in 45 to 90 minutes, depending on the vehicle type, a Delhi government statement said. “Electric vehicles are the future that will make Delhi pollution-free. In coming days, these stations will be ubiquitous like petrol pumps,” Delhi deputy CM Manish Sisodia said. The e-vehicle charging-station is set-up under a…

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byton: Chinese EV startup Byton to suspend production from July 1 for reorganisation

SHANGHAI: China-based electric car startup Byton said on Tuesday it will suspend production from July 1 to conduct a reorganization of the firm after being hit by the coronavirus pandemic. The company, which is backed by state-owned automaker FAW Group and battery supplier Contemporary Amperex Technology Co Ltd, said it was also actively raising funds to address issues relating to unpaid staff salaries and that it hoped to start paying employees from July. “The new coronavirus epidemic has brought great challenges to Byton’s financing and production operations,” it said in…

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Tesla wants to start building a new US vehicle plant this summer

DETROIT: Electric vehicle maker Tesla Inc wants to start building a new and large vehicle assembly plant in the southwestern United States as early as the third quarter of this year, the company told Texas officials in documents made public this week. But the company is still pitting Texas and Oklahoma against each other in an effort to secure tax breaks, the documents show. Tesla told officials in Travis County, Texas, that the automaker wants to invest about $1 billion to build a four million to five million square foot…

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Electric Vehicle market likely to register 2.5 million unit sales in 2020, analysis finds

CHENNAI: Frost & Sullivan’s recent analysis, Global Electric Vehicle Market Outlook 2020, finds the Covid-19 uncertainty will globally dent electric vehicle (EV) sales, which are estimated to stand somewhere between ±9% in 2020 compared to 2019 under three different scenarios—gradual containment, severe pandemic, and global emergency. But as the market recovers, which is probably after June in the best-case prospect, it is predicted to experience healthy growth. In an optimistic scenario, EVs are estimated to grow by 8.6% year-on-year (YoY), registering 2.5 million unit sales (battery electric vehicles plus plug-in…

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RR Globbal – BGAUSS: RR Global to launch two EVs, plans to manufacture 80,000 units in FY21

MUMBAI: RR Global will launch its two-wheeler EV products, under the brand name – BGAUSS, the company announced on Thursday. BGAUSS will be a range of premium electric automobiles, designed especially for urban and developing areas, with an objective to elevate lifestyles and conserve the environment. With a fluid design, ease, comfort, low maintenance, great power, quick charging, IOT and more features that make everyday life easier and more convenient, the $800-million-corporation informed. Manufacturing and assembly of the electric scooters has already begun at company’s plant in Chakan, Pune. In…

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Volkswagen Motors China: Volkswagen in final talks to seal biggest M&A deals in China EV sector: Report

HONG KONG/FRANKFURT: Volkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars. The firm is poised to buy 50% of Anhui Jianghuai Automobile Group Holding, the parent of EV partner JAC Motors, for at least 3.5 billion yuan ($491 million), the people said on condition of anonymity as the matter was private. It is also set to become the biggest shareholder of EV…

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Ford Mustang electric: 2021 Ford Mustang Mach-E tested in snow, extremely cold

DEARBORN: Ford has tested its all-electric Mustang Mach-E in extremely cold and hazardous conditions at Smithers Winter Test Center, an 800-acre facility in the Upper Peninsula of Michigan. The Northeast United States is bracing for record cold and accumulating snow, according to forecasts, a surprise given we’re almost two months into spring. Fortunately, the newest Mustang – the all-electric Mustang Mach-E SUV – will soon arrive to tackle the most challenging road conditions with available all-wheel drive, a key feature that is helping to attract new customers to the brand,…

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Electric vehicle: EV companies tweak product strategy, defer capex to meet post-Covid scenario

CHENNAI: The electric vehicle industry is preparing for life after lockdown by deferring capex and tweaking its product strategy to focus on new and emerging segments. EV manufacturers including Hero Electric, Kinetic, Mahindra Electric and others have indicated deferral of capex and programmes deemed non-critical in an effort to conserve cash. “We will invest only in the most critical programmes which we have already started and all other capex programmes will be postponed by 2-3 quarters. Some programmes like half tonne delivery fleet vehicle will continue,” said Sulajja Firodia, founder…

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Electric motorboat features a sleek Danish design

Copenhagen-based Rand Boats has earned an international reputation for developing modern, affordable motorboats that are designed to be respectful to nature. Now, the company has unveiled the Leisure 28, a sleek motorboat built out of recycled plastic that runs on an all-electric motor. For many people enjoying a bit of fun in the sun, putting up with the hostile sounds and polluting smoke generated by motorboats is just a regular inconvenience when it comes to spending time on the water. Whether small lakes or large seas, these whirring beasts have…

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Zero Labs handcrafts electric Ford Bronco

Sometimes what’s old is new again — only better. According to those who have personally ridden in and driven the world’s first 100% Electric Classic Ford Bronco, this seems to be the case. Reimagined by Adam Roe, CEO and founder of Zero Labs, the electric Ford Bronco appears to be art, luxury and performance all wrapped up into one green package. Combining the spirit of the past with a focus on a cleaner future, there will be a limited initial run of around 150 vehicles produced. Related: Goodyear reCharge tire…

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