With a starting price of USD 60,990, exceeding the initial 2019 estimate, the Cybertruck is garnering interest from a broader audience.
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Author: Biplab Das
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INDUSTRY NEWSLatest News
UK car production hits 2020 levels in November amid export surge and EV demand
by Biplab Dasby Biplab DasExport volumes experienced a significant 15.2% rise, primarily driven by strong demand from key markets such as the European Union, China, and Turkey.
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INDUSTRY NEWSLatest News
GM’s Cadillac Lyriq and Chevrolet Blazer lose EV tax credit
by Biplab Dasby Biplab DasStarting January 1, GM anticipates that only its Chevrolet Bolt EV will retain eligibility for the consumer EV tax credit.
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INDUSTRY NEWSLatest News
Tesla requests pause in federal lawsuit alleging racial harassment
by Biplab Dasby Biplab DasThe EEOC lawsuit contends that Black workers at Tesla’s Fremont plant endured racist slurs, graffiti, and faced retaliation for complaints from 2015 to the present.
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INDUSTRY NEWSLatest News
Controversy surrounds proposed recall of 52 mn air bag inflators by U.S. regulator
by Biplab Dasby Biplab DasThe move comes after NHTSA officials argued that inflators from the two manufacturers could rupture, posing safety risks.
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INDUSTRY NEWSLatest News
Panasonic Energy withdraws Oklahoma candidacy for new EV battery plant
by Biplab Dasby Biplab DasThis decision follows Panasonic’s earlier consideration in April to establish its third U.S. plant in Oklahoma.
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INDUSTRY NEWSLatest News
Toyota’s Daihatsu unit suspends vehicle shipments amid safety scandal
by Biplab Dasby Biplab DasThe affected models include those sold by Mazda and Subaru in Japan, as well as Toyota and Daihatsu models internationally.
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INDUSTRY NEWSLatest News
Tesla scraps yearly merit-based stock awards for employees
by Biplab Dasby Biplab DasThis move by Tesla aligns with broader developments in the auto industry, where unions are gaining traction and pushing for better working conditions and benefits.
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INDUSTRY NEWSLatest News
Ford abandons Chennai plant sale amid market speculation
by Biplab Dasby Biplab DasThis development follows Ford’s recent deal with JSW Group, led by Sajjan Jindal, prompting speculation about a potential re-entry into the Indian market.
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INDUSTRY NEWSLatest News
Alibaba Group further reduces its stake in Xpeng amidst growing EV market competition
by Biplab Dasby Biplab DasThe recent regulatory filing reveals Alibaba’s current stake at 9.2%, down from 12.5% just over a week ago, demonstrating a notable adjustment in its holdings.