As Tesla’s profits and prices made headlines last week, a potentially significant development for the global car industry largely flew under the radar. US Electric Pioneer revealed that nearly half of the vehicles produced in the first quarter were equipped with lithium iron phosphate (LFP) batteries — a cheaper rival to the nickel and cobalt-based […]
Mahindra Finance’s vehicle leasing and subscription arm QuickLease has said that it will offer a wide range of Electric Vehicles (EVs) for leasing and subscription to potential customers. Launched in November last year, the Quiklyz digital platform offers a membership program for both retail and corporate customers. This allows customers to access new cars without […]
Volkswagen said it is likely to double sales of its ID battery electric vehicles in China this year and aims to do even better, but the automaker may be hampered by semiconductor shortages. The ID series that Volkswagen produces in its Chinese joint ventures with SAIC Motor and the FAW Group is the backbone of […]
Audi said its price hike will be up to 3 percent across its model range from January 1, 2022 Car market leader Maruti Suzuki India along with luxury carmakers Mercedes-Benz and Audi on Thursday said they will increase prices from January to offset rising input and feature enhancement costs. While Maruti said that the price […]