PRODUCTION OF MG CYBERSTER EV SPORTS CAR TO START SOON

HIGHLIGHTS

• The production of MG Cyberster EV Sports Car is expected to start soon
• MG plans to put the Cyberster in production after 5,000 registrations.
• Production-spec MG Cyberster maybe be toned down but expected to remain true to concept...

SK INNOVATION’S SUBSIDIARY SKIET RECEIVED $73.1 BILLION AS IPO

Highlights –

• SK Innovation’s subsidiary SKIET received $73.1 billion as IPO.
• SKIET has set the IPO price at US$94.60 per share.
• SKIET supplies battery separators to major EV makers, including Tesla and Volkswagen.
• It ...

GEELY AUTOMOBILE HOLDINGS TO FORM JV WITH ZEEKR FOR ELECTRIC VEHICLES

Highlights –

• Geely Automobile Holdings to form JV with Zeekr for electric vehicles.
• Geely Automobile Holdings Ltd.'s profit fell 32% in 2020.
• Geely Automobile will invest 2 billion yuan jointly with parent Zhejiang Geely Holding G...

TESLA REGISTERS OFFICE IN BENGALURU

HIGHLIGHTS

• Tesla is set to start their operations in Bengaluru and is scouting for more locations in India.
• Tesla has also appointed three directors for India operations.

With the launch of Tesla's electric vehicle (EV) expected ...

HYUNDAI ANNOUNCES TO START PILOT PROJECT TO REUSE BATTERIES FOR ELECTRIC VEHICLE

Highlights –

• Hyundai announces to start pilot project to reuse batteries for electric vehicle.
• S. Korea has decided to give regulatory exemptions for business models on the reuse of EV batteries.
• Hyundai has also decided to provide a ...

TESLA TARGETS JAPAN AS HUB OF CLEAN ENERGY PRODUCTION

Highlights:

• Tokyo hosted the International Smart Grid Expo, Tesla participated in the event too
• The Virtual Power Plant capacity was displayed by Tesla at the expo

The Virtual Power Plant space activities were displayed at the Intern...

Singapore to Push for Electric Vehicles in the 2020 Budget:

Singapore: Heng Swee Keat, The Deputy Prime Minister of Singapore, in his 2020 budget speech has announced that the country plans to phase out all the vehicles running on fossil fuels [internal combustion engine] by 2040. He has in his speech also outlined a slew of measures aimed at promoting th...

US market and the electric manufacturers

The market which has been captured by Tesla is very large, and the CEO of Tesla Elon Musk is on its mission to have a capture and a market leader over the electric goods whereas when it comes to the other seven United States automaker which is expecting to build a new strategy and reputation and ...

US market to see autonomous driving vehicles rise

The markets of the United States have always seen new tech rising almost every given day but this trend has slowed down with the Nation’s trade war with China. A new ray of hope to the markets is the electronic vehicles which are a growing trend and helping markets to grow with the newfound...