Auto Sector

NIO reports 95% y-o-y jump in EV sales in May 2021

NIO reports 95% y-o-y jump in EV sales in May 2021

China-based multinational automobile manufacturer NIO has announced that sales of its electric vehicles (EVs) grew more than 95 per cent year-over-year (y-o-y) to settle at 6,711 units in May 2021.

Greaves Cotton-owned Ampere launches ‘Green Restart’ to accelerate EV adoption

Greaves Cotton-owned Ampere launches ‘Green Restart’ to accelerate EV adoption

Ampere Vehicles, the electric mobility (e-mobility) division of Greaves Cotton Limited, has announced the launch of a new program called ‘Green Restart’ that has specifically been designed the acce

Hyundai’s A-Segment electric cars to use BorgWarner’s integrated Drive Modules

Hyundai’s A-Segment electric cars to use BorgWarner’s integrated Drive Modules

South Korean automobile giant Hyundai Motor’s A-segment electric cars will come equipped with BorgWarner's integrated Drive Module (iDM), the American multinational automotive supplier has announce

India’s EV segment has seen significant progress in past few years: IESA founder says

India’s EV segment has seen significant progress in past few years: IESA founder says

The fast-growing auto market in India has made significant progress in the field of battery technology and infrastructure for electric vehicles (EVs) in the last few years, the India Energy Storage

Tesla Model S Plaid breaks Bugatti’s 1/4-mile world record with 9.2 seconds run

Tesla Model S Plaid breaks Bugatti’s 1/4-mile world record with 9.2 seconds run

The new Tesla Model S Plaid, the best performing electric sedan ever built by the Palo Alto, California-headquartered EV giant, has achieved a new quarter-mile (1/4-mile) world record with a 9.2-se

Rivian reportedly targeting $70 billion valuation through public listing

Rivian reportedly targeting $70 billion valuation through public listing

Rivian, an American electric vehicle (EV) maker and automotive technology firm founded in 2009, is said to be targeting a valuation of more than $70 billion in its potential initial public offering

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