ev startups

US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.Tesla has told suppliers it wants to start production of a new cheaper, mass-market product in mid-2025, Reuters reported in January, as it looks to compete with cheaper gasoline-powered cars and inexpensive EVs from China.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Manish Kumar, CEO, Solidworks.Q: Electric vehicle technology is disrupting the mobility space which is also enabling different shapes and sizes of companies/startups to develop new products. How do you see the development?In my view, this is something that is inevitable, depending on who you talk to and where in the world you are. In December, the European Union implemented a policy where if you want to export anything to the Union, based on the carbon consumption of your product, you will have to pay an extra penalty,…

There will be space for stand alone auto component makers in the electric vehicle (EV) manufacturing space even though some manufacturers are vertically integrated, said a top official of Automotive Component Manufacturers Association of India (ACMA)."Vertical integration will be a cycle. EV startups will begin doing everything in house. When they grow big they will farm out. There will be space for component players," Sunjay Kapur, President of ACMA and Chairman of Sona Comstar told the media on Monday."The industry…

In the ongoing wave of EV startups, new models are being introduced at a pace that can easily be compared to the smartphone industry. The growing demand and ease of entry into the industry mean proper research and development of each component needs to be done with the help of specialised processes. The recent cases of EV scooters catching fire, are a stark example of the risks involved in products that are assembled with third-party parts from different, sometimes unvetted manufacturers and sold to consumers. This new…