San Francisco, July 3 (Reuters) – Kentucky is requiring that electric vehicle charging companies include Tesla’s plug if they want to be part of a state program to electrify highways using federal dollars, according to documents reviewed by Reuters.

Kentucky’s plan went into effect on Friday, making it the first state to mandate Tesla’s charging technology, although Texas and Washington states previously shared such plans with Reuters. Continue reading “Kentucky mandates Tesla’s charging plug for state-backed charging stations”

MEXICO CITY, July 3 (Reuters) – The U.S. wants Mexico’s government to build strong institutions to protect worker rights as companies aiming to avoid supply chain disruptions in far-off production spots bring more jobs to the country, a top U.S. labor official told Reuters.

Mexico has begun to benefit from “nearshoring” in which companies seek to move production closer to the U.S. market while maintaining competitive costs. Continue reading “As companies bring more jobs to Mexico, US wants labor rights safeguards”

July 3 (Reuters) – Rivian Automotive (RIVN.O) beat market estimates for second-quarter deliveries on higher production and stable demand for its electric vehicles, sending the company’s shares up more than 14% on Monday.

The quarterly delivery numbers are a positive sign for the EV startup that has for months struggled to raise output in the face of supply-chain disruptions and stiff competition from market leader Tesla (TSLA.O). Continue reading “Rivian beats estimates for second-quarter EV deliveries, shares jump”

July 3 (Reuters) – Arrival SA will terminate plans to merge with a blank-check firm and Nikola Corp will offload its newly acquired battery unit, the companies said on Monday, amplifying concerns over the struggles electric vehicle (EV) startups face in building scale.

British electric vehicle company Arrival , whose shares fell more than 2% in extended trading, had said in April it would merge with Kensington Capital Acquisition Corp V (KCGI.N) to bolster its depleting cash pile.

Continue reading “Arrival, Nikola signal more pain for EV startups”

Source : PTI – The Indian government is constructing 10,000 km of greenfield expressways as part of the Bharatmala Pariyojana project, at a cost of INR 4.5 lakh crore. The National Highways Authority of India (NHAI) has raised over INR 70,000 crore through various financing models, which will be used for highway projects. The total National Highway network in India has increased from 91,000 km in 2014 to nearly 1.45 lakh km currently. Continue reading “Govt constructing 10,000 km greenfield expressway projects at INR 4.5 lakh cr investment: Gadkari”

July 3 (Reuters) – Tesla (TSLA.O) shares jumped 6% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk’s plan of boosting volumes through discounts was working.

The leading U.S. manufacturer of electric vehicles was set to increase its market capitalization by around $50 billion to $900 billion, based on early trading in its shares. Continue reading “Tesla’s blistering rally continues after quarterly deliveries beat”

OSAKA, Japan, July 3 (Reuters) – The battery arm of Japan’s Panasonic (6752.T) will need to build four more factories to reach its target for a sharp boost in annual capacity of batteries for electric vehicles by 2031, its technology chief told Reuters.

The comments by Shoichiro Watanabe of Panasonic Energy are the Tesla (TSLA.O) supplier’s first clear indication of the number of additional factories it will need. Continue reading “Panasonic needs four more EV battery plants, executive says”

Summary

• The launch aims to showcase Tresa Motors’ commitment to transition India into a global force commercial vehicle industry
• The brand strives to establish itself as a key contributor to fundamental EV component manufacturing reducing current reliance on imports.

Bangalore 3rd July 2023: Tresa Motors has unveiled its first electric Truck, the Model V0.1, built on its groundbreaking Axial Flux Motor Platform: FLUX350. Designed for the global market, the unveil showcases Tresa Motors’ revolutionary take on the industrial design, axial flux powertrain and safe battery packs for the medium and heavy electric truck. This development stands as a testament to Tresa’s unwavering commitment to innovation and its vision for a future driven by sustainable transportation solutions. Continue reading “Tresa Motors introduces India’s first Electric Truck for the Global Market”

Source PTI : Indian automakers Tata Motors, Mahindra & Mahindra, Ashok Leyland, and Hero MotoCorp are increasing the employment of women on their shop floors. Tata Motors has 4,500 women working in its manufacturing plants, including an all-women line producing popular SUVs. Mahindra & Mahindra has seen the number of women employees at its manufacturing plants triple in the past year.

Homegrown automakers Tata Motors, Mahindra & Mahindra, Ashok Leyland and Hero MotoCorp are accelerating the drive to employ more women in shop floors as they press hard on the pedal to enhance diversity. Once outsiders but no longer, thousands of women are now rolling out from two-wheelers to popular SUVs and heavy commercial vehicles across different factories of these companies. Continue reading “Domestic automakers accelerate employment of women in shop floors”

July 3 (Reuters) – Australia’s Kuniko (KNI.AX) said on Monday it had signed an offtake and equity investment agreement with automaker Stellantis (STLAM.MI) to support the development of its Norwegian battery metals projects.

Stellantis would invest 5 million euros ($5.45 million) at an issue price of A$0.467 per share in the battery metals miner in return for a near 20% stake, Kuniko said. Continue reading “Automaker Stellantis signs battery metals offtake deal with Australia’s Kuniko”

July 2 (Reuters) – Tesla Inc (TSLA.O) on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable.

The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10% from the preceding quarter, and 83% higher from a year earlier. Continue reading “Tesla beats second-quarter delivery estimates as price cuts pay off”

SAN FRANCISCO, June 30 (Reuters) – A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying it is “premature,” according to a document seen by Reuters and a source aware of the matter.

Reuters reported last week that Texas would require charging companies to include both Tesla’s North American Charging Standard (NACS) as well as the nationally recognized rival Combined Charging Standard (CCS) technology to be eligible for a state program to electrify highways using federal dollars. Continue reading “Exclusive: EV charging firms oppose Texas’ ‘premature’ plan to mandate Tesla standard”

SAN FRANCISCO, June 30 (Reuters) – A group of EV charger makers and operators is pushing back against Texas’ plan to mandate the inclusion of Tesla technology in charging stations, saying it is “premature,” according to a document seen by Reuters and a source aware of the matter.

Reuters reported last week that Texas would require charging companies to include both Tesla’s North American Charging Standard (NACS) as well as the nationally recognized rival Combined Charging Standard (CCS) technology to be eligible for a state program to electrify highways using federal dollars. Continue reading “Exclusive: EV charging firms oppose Texas’ ‘premature’ plan to mandate Tesla standard, letter shows”

Summary

• Car parts makers say auto manufacturers use design patents to stifle competition
• Court to consider if Supreme Court overruled design patent validity test

June 30 (Reuters) – Auto parts maker LKQ (LKQ.O) on Friday persuaded a U.S. appeals court to reconsider a decision to uphold a General Motors (GM.N) design patent for a car fender, imperiling an earlier win for GM in a case that has been closely watched by the auto and insurance industries. Continue reading “GM fender design victory in limbo after US appeals court grants rare review”

BENGALURU, June 30 (Reuters) – Indian two-wheeler maker Hero MotoCorp (HROM.NS) on Friday said it would increase prices of specific models of motorcycles and scooters by around 1.5% from July 3, as it combats price positioning, input costs and business imperatives.

The exact quantum of increase will vary by specific models and markets, the company said in an exchange filing. Continue reading “India’s Hero MotoCorp to increase prices of specific two-wheeler models”