Elon Musk Sells 7.92 Million Tesla Shares Valued At $6.88 Billion: SEC Filing
Elon Musk, the CEO of electric vehicle manufacturer Tesla, sold 7.92 million shares of the business for around $6.88 billion. After Tesla's 2022 annual shareholder conference on August 4 in Austin, Texas, Musk's transactions took place between August 5 and August 9, according to US Securities and Exchange… read-more
Tags: Elon Musk, Tesla, Shares, Tesla CEO, Electric Vehicles
Courtesy: Free Press Journal
Anand Mahindra Shares Clip Of Man Driving Mahindra Treo Electric Auto Rickshaw To Khardung La Pass
Anand Mahindra, Chairman of Mahindra Group, has shared a new clip of Bengaluru-based travel content creator Jothi Viknesh driving his Mahindra Treo electric autorickshaw to Khardung La, one of the world's highest motorable roads. Viknesh became the world's first person to drive an electric auto at this altitude. Anand Mahindra… read-more
Tags: Mahindra Treo Electric Auto, Electric Vehicles, Autorickshaw, Khardung La Pass, Anand Mahindra
Courtesy: DNA INDIA
Ola Electric To Establish World's Largest R&D Facility In Bengaluru
Bhavish Aggarwal, CEO of Ola Electric, said on Twitter that the EV startup is developing one of the world's largest state-of-the-art Battery Innovation Center (BIC) in Bengaluru. With a $500 million investment, the company's R&D facility will employ over 500 engineers and PhDs and will be operational by next month. It will contain Physical Characteristics Lab and X-Ray Photoelectron Spectroscopy Machine (XPS) to perform checks on raw… read-more
Tags: Ola, Electric Vehicles, bengaluru, Twitter, R&D Facility
Courtesy: Hindustan Times Auto
ARAI Grants EKA, Electric Commercial Vehicle Maker, CMVR Certification For E9 Electric Bus
Automotive Research Association of India certified EKA's E9 electric bus under the Central Motor Vehicle Rules on July 11. The accreditation is an important milestone for the firm as it prepares to begin trials and sales of the 9-meter electric bus in the coming months. Pune-based EKA, part of the automotive seats, interiors, and specialty vehicle producer Pinnacle Industries, debuted its first 200 kW motor-powered e-bus in April this year… read-more
Tags: Electric Vehicles, Electric buses, EKA, Central Motor Vehicle Rules certification, Automotive Research Association of India
Courtesy: Free Press Journal
Global Chip Shortages, Supply Chain Issues Impact EV Quality; Tesla Ranks 7th From Bottom: Report
Worldwide chip shortages and supply chain concerns have harmed EV quality across the industry. JD Power, a consumer research and analytics firm, ranks Polestar lowest, while Elon Musk's Tesla ranks seventh from the bottom. General Motors defies the trend by improving initial quality, bringing the company to the top of the automotive industry. Buick's quality improves, driving it to first position overall in 2022, while Genesis leads the… read-more
Tags: Tesla, Electric Vehicles, JD Power, Chip Shortage, Supply chain
Courtesy: Zee News
Government Seeks Independent Investigation Into Tata Nexon EV Fire: Mumbai
Indian government has demanded an independent investigation into the Tata Nexon EV fire in Mumbai. A video showed an electric version of Tata Motors' Nexon SUV exploding into flames and firefighters attempting to put out the fire outside Mumbai's Panchvati hotel on June 22. Tata Motors also released a statement in reaction to the Tata Nexon EV fire incident, indicating… read-more
Tags: Tata Nexon EV, Fire, government probe, Mumbai, Electric Vehicles
Courtesy: DNA India
Maharashtra To Have 2,375 EV Charging Stations By 2025
In Maharashtra, there will be 2,375 electric vehicles (EV) charging stations on state highways, bus stops and prominent regions by 2025. The Uddhav Thackeray-led Maharashtra Government appointed the Mahavitaran, Maharashtra State Electricity Distribution Company (MSEB) as Nodal Agency, working towards the target of EV station setup. Of the total proposed, 1,500 stations will be in Mumbai, 500 in Pune,150 in Nagpur, Nashik 100, Aurangabad 75,… read-more
Tags: Electric Vehicles, electric vehicle charging station, Maharashtra Government, Maharashtra(95) Highways
Courtesy: The Free Press Journal
US EV Manufacturer Electric Last Mile Solutions Intends To File For Bankruptcy
Electric Last Mile Solutions Inc (ELMS), commercial electric vehicle manufacturer in United States on June 12 stated it intends to file for Chapter 7 bankruptcy after reviewing its products and commercialization plans. Securities and Exchange Commission was probing issues raised in previous filings of ELMS. Earlier, it laid off around 24% of its employees. In June 2021, the company became public after merging with blank-check provider Forum… read-more
Tags: Electric Vehicles, Electric Last Mile Solutions Inc, United States, BANKRUPTCY, Securities and Exchange Commission
Courtesy: DNA India
Tesla Proposes Three-To-One Stock Split; Investor Approval Awaited
Tesla suggested a three-to-one stock split on June 10 to make its shares more accessible after previous sell-offs of the world's most expensive automaker. Tesla's stock increased more than 1% in extended trading on June 10. On August 4, shareholders will vote on Tesla's suggested stock split. The split would provide Tesla employees "have more flexibility in managing their equity" and make its shares "more accessible to our retail shareholders… read-more
Tags: Tesla, Stocks, Elon Musk, Electric Vehicles, investors
Courtesy: Zee News
Mahindra & Mahindra Likely To Enter Electric Vehicle Market With XUV300 SUV
The automobile company Mahindra & Mahindra is all set to enter the EV market, with the latest XUV300 SUV's electric version. Likely to be released in mid-2023, the vehicle will be the first one of Mahindra's electric vehicle business strategy, 'Born Electric Vision' of EV concept. The Mumbai-headquartered company has recently partnered with Volkswagen to explore the use of the latter's modular electric drive matrix (MEB) components for… read-more
Tags: Electric Vehicles, SUV, Mahindra and Mahindra, Vehicles, Mid 2023
Courtesy: Zee News