Electric Vehicles

Commercial EV startup Arrival is being removed from the Nasdaq stock exchange as it speeds toward dissolution. The company, which went public after merging with a special purpose acquisition company, announced Monday morning that the Nasdaq will suspend trading of Arrival shares January 30, followed by a formal delisting. Nasdaq is taking the action after Arrival was late in posting financial results and failed to file a remediation plan with the exchange. The delisting notice comes just two…

Last Updated: January 29, 2024, 19:02 ISTAuto Industry's Wishlist for Budget 2024, Hopes High for Economic Boost. (Representational Image) (Photo: HT)Auto industry anticipates growth-oriented measures in upcoming budget. Hopes for infrastructure support and incentives for electric vehicles.As the interim budget approaches, people in the automobile industry have different hopes for Finance Minister, Nirmala Sitharaman.While they don’t expect major changes in this temporary budget, most think some steps could be taken to…

Tesla CEO Elon Musk said Wednesday that Chinese electric vehicle companies will “demolish” their competitors elsewhere in the world without trade barriers. “Our observation is generally that the Chinese car companies are the most competitive car companies in the world, so I think they will have significant success outside of China, depending on what kind of tariffs or trade barriers are established,” Musk said on Tesla’s fourth-quarter earnings call. “Frankly, I think if there are not trade barriers…

One of the biggest hurdles in getting more people to adopt electric vehicles is how slowly they recharge. While EV chargers have come a long way, they still take some time to recharge, which is why we see them at places like movie theaters and supermarkets. But what if a fast-charging EV battery could change all of that?A group of researchers working at Cornell University have made an interesting breakthrough. According to a new paper the researchers published in Joule, their charger could make it possible to…

Elon Musk speaks onstage during The New York Times Dealbook Summit 2023 at Jazz at Lincoln Center on November 29, 2023 in New York City. Slaven Vlasic | Getty ImagesElon Musk said Chinese electric auto makers will find "significant" success outside of China, even as his firm, Tesla, faces intense competition from these same companies."The Chinese car companies are the most competitive car companies in the world. So, I think they will have significant success outside of China depending on what kind of tariffs or trade…

Tesla and SpaceX's CEO Elon Musk reacts during an in-conversation event with British Prime Minister Rishi Sunak in London on Nov. 2, 2023.Kirsty Wigglesworth | ReutersTesla shares closed down 12% Thursday, their biggest drop in over a year, a day after the company reported earnings that missed expectations and warned of a slowdown in 2024.For most of the day, the stock was headed for its steepest decline since 2020, but narrowly averted that distinction at the close.Tesla reported revenue and earnings on Wednesday that…

Hyundai To Invest Over Rs 6,000 Crore In Tamil Nadu.The Memorandum of Understanding (MoU) was formally signed during the inaugural ceremony of the Tamil Nadu Global Investors Meet 2024.Hyundai Motor India Limited (HMIL) has unveiled plans for a massive investment of Rs 6,180 crore in the state of Tamil Nadu.This announcement, made during the Tamil Nadu Global Investors Meet 2024, includes a dedicated Hydrogen Valley Innovation Hub in collaboration with IIT-Madras, according to the Economic Times.This move aligns with…

Tesla is recalling nearly 200,000 vehicles in the U.S. because the backup camera may not function while the car is in reverse.The recall covers certain Models Y, S and X from the 2023 model year. All are equipped with “Full Self-Driving” computer 4.0 and run software version 2023.44.30 through 2023.44.30.6 or 2023.44.100.The company says in documents posted by the U.S. National Highway Traffic Safety Administration that software instability may prevent the camera image from showing images while the Teslas are in reverse.…

Published By: Samreen PallLast Updated: January 11, 2024, 12:22 ISTElon Musk's Gujarat Summit Absence Sparks Speculation, State Eager for Tesla Investment.Gujarat govt denies Elon Musk's attendance at Global Summit but welcomes Tesla's potential investment in the state's thriving electric vehicle sector.Amid speculation that Elon Musk will visit Gujarat, a senior government official on Wednesday said the billionaire-founder of Tesla is not coming for the ongoing Vibrant Gujarat Global Summit, but they are welcome to…

RMI, a nonprofit research group focused on clean energy, projects that all the EV provisions within the IRA, which also include subsidies for new charging stations, will spur the sales of an additional 37 million electric cars and trucks by 2032. That would propel EV sales to around 80% of new passenger-automobile purchases. Those vehicles, in turn, could eliminate 2.4 billion tons of transportation emissions by 2040.  In a preliminary economic analysis, Talon said it hoped to dig up more than 140,000 tons of nickel.…