Auto Sector

Tesla to recall nearly 300K units of Model 3 & Model Y in China

Tesla to recall nearly 300K units of Model 3 & Model Y in China

American electric car maker Tesla Motors has reportedly been ordered by Chinese regulators to recall a large number of Made-in-China (MIC) as well as imported Model 3 and Model Y EVs to fix a software issue.

CATL refutes reports that Tesla sold discounted defective electric cars to its employees

CATL refutes reports that Tesla sold discounted defective electric cars to its employees

Contemporary Amperex Technology Company, Limited (CATL), a China-based global leader in lithium-ion battery manufacturing and one of Tesla Motors’ suppliers, has refuted the rumor that Tesla is selling defective electric cars at a discount to the battery giant’s employees.

U.S. hybrid sales outperform electric vehicles in April 2021: HIS Markit

U.S. hybrid sales outperform electric vehicles in April 2021: HIS Markit

Sales of battery-powered electric vehicles (BEVs) have seen a significant growth in the United States over the recent past; however, it is not the only growing segment of the automobiles as conventional hybrids are also growing at a fast rate.

German automaker Volkswagen invests $620 million in Northvolt to secure EV battery supply

German automaker Volkswagen invests $620 million in Northvolt to secure EV battery supply

German automobile manufacturer Volkswagen has invested additional $620 million in Northvolt, a Swedish battery manufacturer having specialization in electric vehicle (EV) lithium-ion technology, to secure adequate cell capacity for its EV push.

Xpeng enjoys 483% year-over-year jump in May 2021 deliveries; thanks to robust sale of P7

Xpeng enjoys 483% year-over-year jump in May 2021 deliveries; thanks to robust sale of P7

Chinese electric vehicle manufacturer Xpeng scored an impressive year-over-year growth in deliveries of electric cars in May this year, thanks mainly to robust sales of the flagship P7 mid-sized battery-powered sedan.

Tesla offering new discounts & perks in China amid negative press

Tesla offering new discounts & perks in China amid negative press

Elon Musk-led American electric vehicle maker Tesla Motors is offering new discounts and perks in China, apparently to protect the popularity of its EVs in wake of recent negative press.

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