EV market News

Ashok Leyland's EV Subsidiary Switch Plans UK Manufacturing Halt Amid Sales Slump

Ashok Leyland's EV subsidiary Switch Mobility UK may stop manufacturing in the UK due to slow sales, shifting focus to India and the UAE for future operations. The Indian EV market...

Xiaomi Unveils the SU7 Ultra: A Game-Changer in the Electric Sedan Market at MWC

Xiaomi Corporation President William Lu announced the SU7 Ultra, a high-performance electric sedan, at the Mobile World Congress in Barcelona. With over 15,000 orders within a day ...

Tesla's Stock Plummets 6% as BYD Unveils Revolutionary Driving Capabilities

Tesla's stock fell 6% to its lowest since late November after BYD announced expanding its intelligence driving system to most models, including the BYD Seagull. This move has inten...

Electric Scooters to Dominate Half the Market by 2030: Hero Moto's Bold Prediction

Hero Moto predicts electric scooters will dominate 50% of the market by 2030, investing Rs 1,000 crore in EV business. Despite slow expansion, partnerships and innovations aim to o...

Hero Moto's Bold Prediction: Electric Scooters to Dominate Half the Market by 2030

Hero MotoCorp forecasts that electric scooters will make up 50% of the market by 2030, amidst a competitive and rapidly evolving electric two-wheeler landscape. The company is inve...

Malaysia's Electric Vehicle Market Set for Significant Growth by 2025

Malaysia's electric vehicle market is poised for growth by 2025, with EV adoption expected to reach 3% of the total industry volume. The government's focus on affordable EV product...

Proton Unveils its First Electric Vehicle in Malaysia

Proton launches its first electric vehicle, the e.MAS 7, in Malaysia, aiming to boost EV and hybrid adoption. The e.MAS 7 is priced competitively and supported by government goals ...