The EV maker has filed to list in Hong Kong, targeting customers at home and abroad with its affordably priced vehicles Key Takeaways: Hong Kong IPO candidate Hozon is rapidly burning through its cash, which fell to 2.8 billion yuan at the end of last year from 6.8 billion yuan in 2022 The EV maker’s
British International Investment, UK’s development finance institution, is betting big on the Indian electric vehicles ecosystem and expects to invest another $300 million in the next three years, according to its Managing Director and Head of Technology & Telecoms, Abhinav Sinha. The company, which has backed Mahindra group’s electric vehicles arm besides other startups like
Ford (F) is having a strong sales year in the US, with deliveries up 11% in the month of May, driven by a nearly 65% boost in hybrid sales from a year ago. Even electric vehicle sales are strong. The sales success comes after a big transformation in the company last year. New vice chair
Photograph: Shutterstock The National Electric Vehicle Infrastructure (NEVI) Program granted Wisconsin $78.65 million in federal funds for electric vehicle (EV) charging stations at convenience stores including 24 Kwik Trip locations and two bp locations. Other fuel retail locations include CITGO, Exxon Holiday Inn Express, Shell, Road Ranger, Edgerton Truck Stop, Pine Cone Travel Plaza, KornerStores Inc. and Express Mart.
TVS Holdings board has approved the acquisition of a nearly 81% stake in Home Credit India Finance for ₹554 crore. The company said that this acquisition aligns with the strategy of TVS Holdings to expand in the consumer finance sector and further strengthen its portfolio. Speaking to CNBC-TV18, Sudarshan Venu, MD of TVS Holdings and
XPeng Inc. – Earnings Call Scheduled for 8:00 a.m. ET on May 21, 2024 – GUANGZHOU, China, May 07, 2024 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company,” NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (“Smart EV”) company, today announced that it will report its first quarter 2024 unaudited financial
Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric
Happy Thursday! It’s January 11, 2024, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, all in one place. Here are the important stories you need to know. Jalopinions | The Best Type is Jaguar’s E-Type 1st Gear: Student Loans Are Getting In The Way