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Fisker expects to produce between 13,000 and 17,000 electric vehicles in 2023, down from its prior projection of 20,000 to 23,000 vehicles, the company said after the closing bell on Monday as it released its third quarter results. Fiskers shares fell to as low as USD 3.11, on track for the biggest daily percentage decline since the company went public in 2020.

Policy & Industry News: Tesla has reportedly approached the Indian government seeking initial tax concessions on customs duties for electric vehicles (EVs).

On several occasions, Tesla CEO Elon Musk has openly expressed his interest in entering the Indian market

The Swedish EV maker, backed by Volvo and Geely, is already one of about 15 automakers and others including BP, Daimler and Volvo Cars who are strategic partners with StoreDot. Under the terms of the deal the two companies will collaborate on incorporating the fast-charging technology into Polestar vehicles.

"We have two cars that are almost ready. We can bring them to market fast - we just need the capacity," Fisker said, speaking to Reuters in Berlin. The CEO told Reuters in May he was exploring partnerships with everyone from suppliers to tech companies to scale up production. On Thursday, he said he was in negotiations with five "traditional car companies" and hoped to pick a partner in the coming months.

Tesla Chile was registered and published in the Official Gazette on Sept. 28 and includes "the import, export, manufacturing, marketing, distribution and sale of vehicles, especially electric vehicles." The registration also included other commercial activities like the generation and supply of energy and electricity.

Polestar, which operates in 27 markets globally, said it would now deliver about 60,000 vehicles this year, down from between 60,000-70,000. It had reiterated that forecast just last month after slashing the target in May from the 80,000 it had estimated earlier.

Having pioneered the market for first-generation electric vehicles with its long-time ally Nissan in the early 2010s, Renault has recently fallen behind pure players like Tesla and Chinese manufacturers as global competition for greener vehicles has picked up. Heres what you need to know about Ampere, a major plank of Renaults turnaround strategy, which is poised for a market listing next year.

Us Ev Plans: US President Joe Biden governments ambitious programme under climate change bill to phase out fossil fuel cars with electric vehicles (EVs) under the Inflation Reduction Act (IRA) could hit a road bump unless a USD 10 trillion shortfall in metals such as Lithium, critical to run the batteries for the EVs is resolved by the automobile industry.

The Prime Ministers Office Monday held a meeting with top officials to take stock of the next phase of electric vehicle (EV) manufacturing in the country, including Teslas investment proposal, people with knowledge of the matter told ET.