Tesla, led by Elon Musk, experienced a 4% decline in shares to USD 180.46, reaching its lowest point since May 2023.
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INDUSTRY NEWSLatest News
UK urged to accelerate EV transition: House of Lords report
by Biplab Dasby Biplab DasThe House of Lords report advocates for targeted subsidies to make EVs more accessible, particularly for lower-income car owners.
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INDUSTRY NEWSLatest News
SK Innovation forecasts slowing growth in global EV demand amid market concerns
by Biplab Dasby Biplab DasThe company attributed its underperformance to challenges in its petrochemical business, which experienced a loss due to weaker refining margins and declining prices.
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INDUSTRY NEWSLatest News
River secures USD 40 mn Series B funding led by Yamaha Motor
by Biplab Dasby Biplab DasOther participants in the round include existing investors such as Al-Futtaim Automotive, Lowercarbon Capital, Toyota Ventures, and Maniv Mobility.
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Since its inception in 2007, Mini has manufactured over 1.1 million Clubman crossovers, reflecting its significance within the brand’s lineup.
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Both the parties had signed a cooperative agreement last year on November 30 with an aim to establish a 50:50 joint venture in China.
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In Europe, which is the Volvo Group’s biggest market, sales grew 8% when compared to January of 2023, reaching 23,141 sold cars.
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The speculation of merger intensified after an EV market slowdown forced Renault last week to cancel IPO plans for its EV and software unit Ampere.
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INDUSTRY NEWSLatest News
Vanguard trims Ola’s valuation again amidst market challenges
by Biplab Dasby Biplab DasVanguard’s latest valuation cut represents a significant 74% reduction from Ola’s peak valuation of approximately USD 7.3 billion.
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INDUSTRY NEWSLatest News
Hyundai Motor eyes landmark IPO for Indian unit amid EV surge
by Biplab Dasby Biplab DasHyundai Motor India is currently in preliminary discussions regarding the IPO, having engaged with various banks for consultations.