This marks the first electric vehicle (EV) model launched under the Acer brand for India, developed and manufactured by eBikeGo.

It is available in three personas, Empowered, Fearless, and Creative, designed to cater to the diverse lifestyles and preferences of its audience.

The innovative technology is expected to enhance the adoption of robotaxis and Tesla’s software services.

The company has been embroiled in a dispute over governance with one of its major shareholders, FF Top Holding.

In addition to the anticipated benefits from falling battery material prices, Rivian is also focusing on ramping up the production of its in-house drive unit.

Production of the Emeya is slated to commence in 2024 at a factory located in Wuhan, China.

To kickstart this initiative, Siemens Foundation will launch fast-track training programs in Michigan and North Carolina.

This collaboration aims to accelerate the adoption of electric vehicles in India, particularly among micro, small, and medium enterprises (MSMEs).

The project, known as Volta Energy Solutions, is valued at C$700 million ($514.37 million) and is anticipated to reach full production capacity by 2026.

The Ohio-based Lordstown Motors, which filed for Chapter 11 bankruptcy, has presented a plan to repay its debts and shareholders, including Foxconn.