Tesla – A Game Changer for India’s EV Industry?
Stagnating electric vehicle (EV) sales in the US have led Tesla to explore overseas markets in Europe and China. But the increasing competition in…
Will Foxconn Shake EV Industry?
Apple supplier Foxconn, with an aim to diversify its business and reduce overdependency on Apple for revenue generation, is betting big on electric…
Top 10 Automotive Announcements in CES 2021
Like the past few years, automotive players used the 2021 edition of the Consumer Electronics Show (CES), organized from January 11 to 14, to…
NIO’s Battery-as-a-Service (BaaS) Strategy: A Smart Move
Nio has launched battery as a service (BaaS) under Nio-Power, offering charging and swapping of batteries for EV owners. BaaS users can buy a Nio car…
Tesla Q2 2020: Strong Performance, Positive Outlook
Highlights Tesla ended Q2 2020 with $5.2 billion in automotive revenues, a decline of 3.7% from last year. The performance is impressive considering…
Tesla’s Chinese Foray: Why, What and How
In 2018, Tesla CEO Elon Musk signed an agreement with the Shanghai regional government to set up the first Gigafactory in China. Here we discuss why…
Tesla Q1 2020: Manages to Stay Profitable
Key Highlights Tesla ended Q1 2020 with US$5.1 billion in revenues, up 37.8% from last year. The company earned a small profit of US$16 million,…
Regulatory Gridlocks Slowing Down EV Growth in US
Summary The US remains an important market for automakers, accounting for 20% of vehicles and about 15% of EV sales globally. However, regulatory…
COVID-19 Leading Global Automotive Industry to Recession
Overview While China is recovering from the worst impact of the coronavirus, the focus has shifted to Europe and the USA. Factories in Hubei…
COVID-19 Impact Scenarios on China’s Automotive Industry
The COVID-19 outbreak continues to develop fast. There are signs of successful containment in some areas in China, while fears grow accelerating…
Why is Toyota Partnering with Panasonic to Make EV Batteries?
Background In January 2019, Toyota and Panasonic announced they were forming a joint venture (JV), to manufacture prismatic batteries for electric…
Tesla Q4 2019: Remains Profitable; Focuses on Fast Growth
Tesla posted its Q4 2019 results, increasing its total automotive revenues in 2019 over 2018. Even though the company managed profitability for two…
Global Passenger Electric Vehicle Sales Fall 8% in Q3 2019
The top three brands, Tesla, BAIC Group and BYD Auto accounted for 40% of total EV sales during Q3 2019. Subsidy reductions in China continued to…
Top Five EV Models Account for One-Third of Total Sales
Overview: The automotive industry is transitioning towards e-mobility. The USA and China are the leading countries in the global electric vehicle…
Are Electric Vehicles Safe?
Technological improvements and falling prices of battery technology will see more electric vehicles (EV) on the road in the coming years. Many…
Tesla Q3 2019: Profits and Progress to Autonomy
Tesla beat Wall Street’s expectations in 3Q 2019, and by some margin. After losing over US$1 billion during 1H 2019, it registered a profit of US$143…
Record Sales But Losses Still Haunts Tesla
Tesla surpassed analyst expectations showing a significant increase in car deliveries when compared to Q1 2019. However, despite increasing…
How Competition is Driving Innovation in the EV Battery Market
Electric vehicle (EVs) have emerged as a focal point of realizing eco-friendly policies across the world. Increasingly, automobile OEMs recognize…