Shibuya, June 25: China’s BYD has reportedly launched its most expensive Seal EV model in Japan. The new 2024 Seal EV will be the third electric vehicle from BYD in Japanese market. China’s BYD is the largest electric vehicle maker in the world and reportedly holds around 19.4% market share. Tesla, the second-biggest EV marker in the world, has around 12% of the…
Mumbai, June 25: Classic Legends is ready to bring back another legendary brand in the Indian market. After reviving the Jawa and Yezdi brands, the company will resurrect the legendary Birmingham Small Arms (BSA) motorcycle brand in the country on the 78th Independence Day. The company has started sending out block your date for the…
Seoul, June 24: Unionised workers of South Korea’s leading automaker Hyundai Motor on Monday overwhelmingly voted in favour of staging a strike following the collapse of annual wage negotiations between management and the union. Earlier this month, the union decided to call off further negotiations after holding the eighth round of wage talks at the company’s…
New Delhi, June 22: In a bid to boost the safety and quality of electric vehicles (EVs), the Bureau of Indian Standards (BIS) on Saturday introduced two new standards. The two new standards — ‘IS 18590: 2024’ and ‘IS 18606: 2024’ — will aim to enhance the safety of EVs in the L, M, and…
Seoul, June 23: Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed on Sunday. The country’s top 1,000 companies made investments of 72.5 trillion won ($52.12 billion) combined in 2023, up 8.7 per cent from a year earlier,…
Chattanooga, June 21: Volkswagen plans to lay off an unspecified numbers of employees from its Chattanooga city in Tennessee in the United States to drive efficiency and save costs. The German automobile maker said reducing the workforce would be part of implementing a global performance programme. A report said the Volkswagen layoffs would affect some administrative…
Every year, World Motorcycle Day is celebrated annually on June 21 in several countries around the globe. This day honours the passion and thrill associated with motorcycles and riders. It provides an opportunity for motorcycle enthusiasts around the world to come together, share their love for riding, and raise awareness about motorcycle safety. People use…
New Delhi, June 20: Bhavish Aggarwal-led Ola Electric has received the go-ahead from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This move marks the first IPO by an electric vehicle (EV) startup in the country. Ola Electric’s public issue consists of a fresh issue of Rs 5,500 crore…
New Delhi, June 20: Italian luxury sports car brand Ferrari has yet to announce its first electric car to the world. Other luxury brands, such as BMW and Audi, have already introduced their EVs to the market. However, the sports car segment has yet to see some new models. According to a report, the Ferrari’s first EV would cost over €5,00,000. According to a report by Reuters,…
Seoul, June 19: LG Electronics said on Wednesday it has partnered with ChargePoint, the leading supplier of charging solutions for electric vehicles in North America, to expand its EV charging business on a global basis. Under the memorandum of understanding, LG Electronics will supply its advanced EV charging equipment to ChargePoint, while the US company…
