Shares of VinFast Auto Ltd., the Vietnamese electric vehicle (EV) start-up, made a strong debut on the US stock exchange one week ago. On 22nd August, at the time of writing, the stock is up by more than ~100%, with its market cap soaring past $70 billion as investors continue to build long positions in the stock.
Due to increased demand for batteries and electric vehicles (EVs), the sustainable global battery value chains industry is undergoing a transformation. As per the recent forecasts, more than 18% of all car sales could be electric this year, up from 13% in 2022 and more than double their 9% penetration in 2021. After worldwide sales
It seems like Tesla has already hit the milestone as Elon-Musk led company now has the best-selling car model globally. However, some experts believe that this categorisation will hardly help the stock price to reach new highs. Tesla’s Model Y was categorised as Europe’s best-selling car in June. The reports came after the EV maker
Are you considering an EV car as your next vehicle? The insurance is more expensive for EV cars than an ICE vehicle. Automobiles are headed in an electric direction. While they may cost a bit more initially, EV can also save money over a longer period of time compared to vehicles that run on petrol
SAIC Motor Corporation Limited’s subsidiary MG Motor entered the Indian market in 2019 with its first SUV, the MG Hector. With a total of 5 cars in India – Hector, Hector Plus, Gloster, Astor, and ZS EV – MG Motor has made significant strides in establishing itself as a popular brand. Next month, the Comet
Even as the overall passenger vehicle segment crossed the 20 lakh unit sales mark for the first time in the first half of this year, Maruti Suzuki India (MSI) and Hyundai posted single-digit growth in domestic sales in June. The dispatches of Toyota Kirloskar Motor to dealers rose by double digits last month, while wholesales
Electric scooters have become extremely effective, efficient, and popular among short trip enthusiasts and commuters alike. The phosphorus urban environments now require something unique, environment-friendly, compact, and fast. Electric scooters meet all these expectations. They offer a plethora of advantages, including cost efficiency, increased convenience, and environmental benefits. In the course of this article, we
Hyundai Motor Group, led by billionaire Euisun Chung, announced on Tuesday that it will plan to spend $18 billion on its domestic EV manufacturing business. Hyundai will plan to expand domestic EV production to 1.51 million units by 2030, and global EV production to 3.64 million units by 2030, including Hyundai Motor, sister company Kia
As the new fiscal year approaches, the auto industry is gearing up for another price hike due to stricter emissions standards. Typically, automakers increase vehicle prices starting on April 1. This time, high inflation and regulatory requirements are driving up prices. Several automakers have raised their vehicle prices to comply with new environmental regulations, including
On Wednesday, IFC announced that it will invest Rs 600 crore in a new last-mile mobility (LMM) company, a subsidiary of Mahindra & Mahindra that will be newly incorporated (NewCo). As IFC’s first investment in an EV manufacturer, and the first in electric three-wheelers globally, it will be in the form of compulsory convertible instruments
