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Why are Chinese automakers like BYD launching fast-charging EV systems?
China's BYD has launched a megawatt charging system, claiming it can power an EV as quickly as fueling a gasoline car, and intends to build a network of over 4,000 charging stations. This development intensifies the fast-charging competition in the EV market.
China EV giant BYD soars after 5-minute charging platform unveiled
Shares in Chinese EV giant BYD surged to a record high Tuesday after it unveiled new battery technology it says can charge a vehicle in the same time it takes to fill up a petrol car. Separately, on Tuesday, Chinese EV maker Nio said it had signed a deal with battery giant CATL involving cooperation on a passenger car battery swap network.
BYD unveils new super-charging EV tech, to build charging network in China
BYD unveiled a new "super e-platform" for EVs with peak charging speeds of 1,000 kW, allowing cars to travel 249 miles on a 5-minute charge. This is twice as fast as Tesla's superchargers. The platform will debut in Han L sedan and Tang L SUV. BYD also plans to build over 4,000 ultra-fast charging units across China.
Coming soon: A cheaper Tesla Model Y made in China to take on Xiaomi's SU7 sedan
Tesla plans to produce a more affordable version of its Model Y in Shanghai. The new model will be built using existing production lines and is set for mass production by 2026. This initiative aims to regain lost market share in China. Xiaomi's upcoming YU7 crossover could be a strong competitor.
Car sales see marginal growth, but dealers warn of high inventory
Wholesales of passenger vehicles in February 2025 increased by 1.9% despite a dip in retail sales due to rising inventory. The highest-ever February sales in the segment were recorded, driven by utility vehicle demand, while small cars and vans saw a decline. Two-wheeler sales dropped sharply by 9%.
Tesla owners jumping ship amid Elon Musk backlash are learning the hard way; resale prices aren’t what they hoped, here are more details if you own a Tesla
Tesla owners are currently in the middle of a major crisis as Elon Musk is facing some big backlash from them as far as sales are concerned.
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Skoda Auto VW in talks with JSW & Tata Motors for e-car deal
Skoda Auto Volkswagen India is negotiating with JSW Group and Tata Motors for licensing agreements to manufacture electric cars. Talks with Mahindra & Mahindra remain unresolved. The company seeks cost savings and compliance with India's fuel efficiency norms. A deal could help Skoda VW locally produce EVs sooner, avoiding substantial self-funding investments.
Volvo Cars may move some production to US over Trump tariffs
Volvo may relocate some production to the U.S. depending on tariff changes but will continue plans to export the EX30 SUV made in Europe. CEO Jim Rowan indicated strategies are adaptable, with potential capacity shifts to the Charleston plant based on future tariff impacts.
Why SUVs have begun to resemble trucks again
Sport utility vehicles are making a comeback with rugged designs, as seen in models like the Mercedes-Benz G-Class, Ford Bronco, and Jeep Wrangler. Nostalgia and outdoor lifestyles have driven this trend, with modern SUVs blending heritage and off-road capabilities. The pandemic spurred interest in these vehicles, which now offer a blend of classic design and modern features.
Why do SUVs look like trucks again?
A resurgence in rugged SUVs is transforming the market, with models like the Mercedes G-Class, Ford Bronco, and redesigned Toyota Land Cruiser leading the trend. These vehicles blend nostalgic design with modern technology, appealing to consumers' desire for both heritage style and contemporary functionality.
Why a Chinese gadget company can make an electric car and Apple can't
Xiaomi's ability to succeed where Apple could not shows how thoroughly China has come to dominate the supply chain for electric vehicles. Chinese companies have mastered electric vehicle manufacturing. By tapping that infrastructure, Xiaomi was able to get components quickly and cheaply.
Tesla sets sights on Waymo, Uber in California ride-hail bid
The electric vehicle maker Tesla applied late last year for a transportation charter-party carrier permit from the California Public Utilities Commission. This would mean that the company would own and control the vehicle fleet.
Trump tariffs pose challenge for Europe's carmakers
The new 25 percent customs duties, set to be imposed soon, could either force manufacturers to absorb costs or raise prices, impacting their profits and market dynamics.
Xiaomi reveals price of its luxury electric sedan car, SU7 Ultra, and it's much lower than initial sticker price
The final price of the car announced by founder Lei Jun at is much lower than the initial sticker price of 814,900 yuan for pre-orders when the car made its debut at the end of October.
Tesla feels the wrath of anti-Elon Musk backlash
Tesla is facing a decline in sales and brand loyalty due to Elon Musk's controversial political actions. Customers are increasingly dissatisfied with Musk's behavior, leading to decreased sales in Europe and the US. Alternative electric vehicle brands are gaining market share as consumers move away from Tesla.
Tesla updates autopilot software in China, owners say move falls short of hopes
Tesla's new autopilot software update in China introduces city navigation features but falls short of expectations, frustrating Chinese owners. The features, part of the Full Self-Driving suite, are limited due to data training issues and technological restrictions. Chinese rivals like Xiaomi and BYD offer similar or superior capabilities at lower prices, putting Tesla at a competitive disadvantage.
Wives found dead, husbands crash at 100kmph: Kolkata family mystery deepens as police reject 'suicide pact'
A high-speed car crash in Kolkata reveals a tragic discovery of three women dead in their home, suggesting a possible suicide pact due to financial troubles. Despite a confession from a surviving family member, police remain unsure if the case involves foul play.
Tesla recalls 380,000 vehicles in US over power steering issue
Tesla said some 2023 Model 3 sedans and Model Y crossovers which run on older software may experience an overvoltage breakdown, potentially overstressing motor drive components on the printed circuit board.
Tesla recalls 380,000 vehicles in US over power steering issue
Tesla is recalling nearly 380,000 U.S. vehicles due to a power steering assist failure that could increase crash risk. The issue affects some 2023 Model 3 and Model Y vehicles with older software, potentially causing component stress.
IT sector still a safe bet amid global uncertainty: Dinshaw Irani
Coming to the biggest uncertainty, you named it in the very beginning, you said that nothing came from US today, Donald Trump did not announce any new tariffs or policies and stuff like that, so that is the biggest caveat in the whole story.
Skoda Auto India names Ranveer Singh as brand superstar to drive expansion
Skoda Auto Volkswagen India has signed Bollywood star Ranveer Singh for a one-year endorsement, marking its first celebrity partnership globally. This move aims to boost its image in India, focusing on the launch of the competitively priced Kylaq. The comprehensive marketing campaign includes various media outlets and aims to expand Skoda's market presence significantly.
Voler Car shares to list on NSE SME platform today. Check GMP ahead of listing
Voler Car shares are set to list on the NSE SME platform with a grey market premium of Rs 4-5. The IPO was priced at Rs 85-90 per share and saw a subscription rate of 13.73 times. Voler Car provides employee transportation services to major corporates and reported revenues of Rs 21 crore for the period ended September 2024.
700-mile revenge arson: Michigan man faces attempted homicide charges after setting fire to ex-girlfriend’s Pennsylvania home
Harrison Jones, a man from Michigan, was arrested for setting fire to a Pennsylvania home, an act that nearly claimed the lives of six people. Authorities believe the crime stemmed from a dispute involving his ex-girlfriend. Investigators used Automatic Licence Plate Recognition technology to track Jones’ vehicle, leading to his arrest. He now faces charges of attempted homicide, arson and risking catastrophe.
Octavia, Kodiaq: Do not miss out on checking these SUVs launches this year before you pick your next car
ET Wealth, in collaboration with Cardekho.com, brings an exciting lineup of cars expected to launch in 2025, priced above Rs 40 lakh. New car models from Skoda, Volkswagen, and MG are set to launch in 2025, featuring advanced designs and premium features. The upcoming releases include the Skoda Superb, Volkswagen Golf GTI, MG Majestor, Skoda Octavia RS, and Skoda Kodiaq, offering various engine options and modern amenities.
Why Porsche is no longer a 'premium' sports car in China
German automakers are losing ground in China's high-performance car market to Chinese rivals like Xiaomi, which offers electric, smart, and affordable vehicles. Xiaomi's SU7 mimics Porsche's Taycan, but with added features and a lower price, leading to declining sales for German manufacturers in China.
Karan Johar’s quirky Hermes shark bag might be costlier than your car
Karan Johar recently made waves with his latest airport look, but it was his rare Hermès Gold Togo Shark Bolide 45 PHW bag, worth a whopping Rs 18 lakh, that stole the spotlight. The limited-edition luxury bag, featuring a quirky shark motif, costs more than some high-end cars. Karan paired the statement accessory with a distressed green co-ord set, a matching cap, oversized yellow-rimmed sunglasses, and white-red color-blocked sneakers.
Shift from manual ain't automatic for most Indians as high prices keep buyers in first gear
Indian car buyers are increasingly interested in automatic transmissions due to ease of driving, but premium pricing and additional luxury features are deterring many from opting for automatic variants. Despite a price gap, demand for automatic options, especially in congested metros, is on the rise, pushing automakers to consider more varied transmission options.
Voler Car IPO subscribed over 4 times so far on Day 3: Check GMP, price band and other details
Voler Car's SME IPO was subscribed 4.98 times on the final bidding day, with strong demand from retail and institutional investors. The company, providing employee transportation services, follows an asset-light model. Shares trade at a Rs 9 GMP, with listing set for February 19 on NSE SME. The price band is Rs 85-90 per share.
Ola Consumer’s FY24 revenue falls 21% to Rs 2,368 crore
Ola's full-year Ebitda, excluding discontinued operations, grew more than threefold to Rs 271 crore, from Rs 87 crore in the previous year, the company said in a statement on Thursday
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