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(Reuters) -- Fisker said on Monday it would pause production of its electric vehicles for six weeks and raise up to $150 million in funding by selling convertible notes after missing an interest payment, as the startup tries to navigate a cash crunch.
Audi on Monday revealed its new all-electric Q6 e-tron SUV, the first production vehicle on its next-generation electric vehicle architecture.
TAIPEI -- U.S. chipmaker Nvidia is expanding its partnership with Chinese EV maker BYD to include AI training, auto manufacturing and in-car computing, even as the company is barred from selling some of its most powerful chips to China.
BEIJING/GUANGZHOU -- The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on research and development.
HO CHI MINH CITY -- VinFast has enlisted a company in Ghana to distribute its electric vehicles, offering the Vietnamese manufacturer a potential early-mover advantage as it looks to enter a fourth continent.
SINGAPORE -- Major Indian automaker Tata Motors has seen its stock price boom this year on a strong recovery by subsidiary Jaguar Land Rover, as the company looks to bolster its already commanding lead in the domestic electric vehicle market.
Chinese electric-vehicle maker Xpeng announced plans to launch a cheaper brand, entering a highly competitive segment amid an intense price competition in the EV industry.
Companies that meet these requirements will be allowed to import a limited number of EVs at a lower tax of 15 per cent on cars costing US$35,000 and above. India currently levies a tax of 70 per cent or 100 per cent on imported cars and EVs, depending on their value.