Tesla founder Elon Musk told tech investors in Paris on Thursday he opposed U.S. tariffs on Chinese electric vehicles (EVs), an about-face from his January warning that trade barriers were needed or China would “demolish most other car companies in the world.” On Thursday, Musk said he did not favour measures that distorted the market. … Read more
Elon Musk appeared to be in a defiant mood Wednesday when he stood before employees at Tesla’s factory near Berlin a week after an arsonist set fire to a high-voltage power pylon and brought production to a standstill. “They can’t stop us,” Musk, the company’s CEO, told workers in a giant tent beside the plant. … Read more
Lumax Industries Limited is a company that is engaged in the business of manufacturing, trading and supply of auto components, mainly automotive lighting systems for four-wheeler and two-wheeler vehicles. Synopsis While it might surprise many, the fact is that the majority of sales in the auto industry are financed through an auto loan. That is … Read more
.jpg?fit=%2C&ssl=1 "Tata Motors rolls out its 50,000th EV 22")
Tata Motors celebrates production milestone of EVs in India. Tata Motors celebrates production milestone of EVs in India. Tata Motors touched the 50,000-unit production milestone with their electric vehicle range in India. The carmaker currently has four EVs in its line-up —Nexon EV, Tigor EV, the fleet-only XPres-T EV and the recently launched Tiago EV. … Read more
Taiwan’s Foxconn said on Wednesday it has partnered with chipmaker NXP Semiconductors to develop platforms for electric vehicles, adding to a string of such deals by the iPhone assembler as it moves into the auto market. Foxconn, best known for assembling Apple’s iPhone, has expanded into areas including electric vehicles (EVs) and semiconductors in recent … Read more
Telangana IT and Industries Minister KT Rama Rao on Thursday met Taiwanese electronics giant Foxconn chairman Young Liu in the national capital and invited him to explore investment opportunities in the state. Foxconn, one of the leading electronic manufacturing services providers, has production units in Tamil Nadu and Andhra Pradesh. During the interaction, the Telangana … Read more
The Biden administration said senior officials held a meeting Wednesday with major automotive leaders including Tesla Chief Executive Elon Musk and General Motors Chief Executive Mary Barra to discuss electric vehicles and charging. The administration said in a statement “there was broad consensus that charging stations and vehicles need to be interoperable and provide a … Read more
Taiwan’s Foxconn said on Monday it had partnered with Indian conglomerate Vedanta to make semiconductors in the South Asian country, as the electronics giant looks to diversify its business amid a global chip shortage. Foxconn, the world’s largest contract electronics manufacturer and a major Apple supplier, has expanded into areas including electric vehicles (EVs) and … Read more
Taiwan’s Foxconn said on Monday it had partnered with Indian conglomerate Vedanta to make semiconductors in the South Asian country, as the electronics giant looks to diversify its business amid a global chip shortage. Foxconn, the world’s largest contract electronics manufacturer and a major Apple supplier, has expanded into areas including electric vehicles (EVs) and … Read more
The investment surge by both new and established automakers in the electric vehicle market is a bonanza for factory equipment manufacturers that supply the highly automated picks and shovels for the prospectors in the EV gold rush. The good times for the makers of robots and other factory equipment reflect the broader recovery in U.S. … Read more