The European Union (EU) and China have agreed to hold talks regarding tariffs on Chinese electric vehicles (EVs). This comes after the EU imposed tariffs of up to 38% on Chinese EVs, citing concerns about unfair trade practices and subsidized competition. The talks, announced following virtual meetings between EU Trade Commissioner Valdis Dombrovskis and Chinese Commerce Minister Wang Wentao, aim to prevent a potential tariff war.
Electric vehicles (EVs) are gaining popularity, but concerns linger about their environmental footprint. This article examines the manufacturing emissions of EVs compared to traditional gasoline-powered vehicles, exploring the factors that contribute to the overall impact and dispelling common myths.
Tesla is expanding its lineup with three new models in the pipeline, adding to its existing five. These new vehicles could include a budget-friendly EV, the much-anticipated Tesla Cybercab, and potentially a rugged SUV or the long-awaited Tesla Roadster. While details are scarce, speculation and rumors abound, leaving fans eager for the company’s next move.
Ola Electric, led by Bhavish Aggarwal, has secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This marks a significant milestone as it represents the first IPO by an electric vehicle startup in India. The public issue will involve a fresh issuance of Rs 5,500 crore and an offer-for-sale (OFS) of 9.51 crore equity shares.
Four Seasons Hotel The Westcliff Johannesburg continues its commitment to sustainability by introducing EV charging stations and adding Mercedes-Benz electric vehicles to its limousine fleet, offering guests a luxurious and eco-friendly experience while exploring the city.
Sigenergy, a leading energy innovator, will be showcasing a comprehensive portfolio of residential and commercial energy storage solutions at Intersolar 2024. This includes the SigenStor solution, launched last year, which offers a 5-in-1 energy storage system integrating solar energy, storage, and electric vehicle charging. For commercial applications, Sigenergy introduces SigenStack, a modular energy storage system for large-scale projects.
Tesla has filed a lawsuit against Matthews International, alleging that the former supplier stole trade secrets related to its dry electrode battery production process and shared them with other electric vehicle manufacturers. Tesla claims the damages could exceed $1 billion.
The Labour Party has announced its intention to reinstate the ban on the sale of new petrol and diesel cars from 2030. The move is part of the party’s 2024 General Election manifesto and aims to accelerate the transition towards electric vehicles. However, concerns remain over the cost of electric vehicles and the lack of charging infrastructure, factors that may limit the adoption of electric vehicles among UK motorists.
Electric vehicle startup Battery Smart has secured $65 million in Series B funding led by LeapFrog Investments. The capital will be used to scale the company’s dense battery-swapping network nationwide and promote electric vehicle adoption. With over 1,000 battery-swapping stations in 30 cities, Battery Smart has completed over 35 million swaps for 45,000 active customers. The funding round includes participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment.
Major European automakers, including Volvo, are contemplating relocating their electric vehicle (EV) production facilities from China to neighboring countries like Indonesia, India, and even Europe. This strategic shift is primarily driven by the anticipation of tariffs imposed by the European Union on vehicles imported from China. Volvo’s decision to move the production of its Chinese-made EVs to Belgium underscores the potential impact of these tariffs and the broader challenges facing the global automotive industry.
