Vietnam's VinFast to set up global EV manufacturing hub in Tamil Nadu
VinFast's plant in India will entail an investment outlay of Rs 200-250 crore and will have a capacity of 1.5 lakh units per annum
Source: moneycontrol.com
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Tata Motors to focus more on expanding EV category than on retaining market share, says top official
The company expects to sell about 100,000 electric cars in the current financial year, about double the sales of 50,443 units in the previous year.
Source: moneycontrol.com
MC Exclusive I Vietnam-based VinFast to enter Indian e-car market by H2 CY2024 amid govt's duty slash plan
Starting by importing completely built units, the company plans to set up a manufacturing unit in India in 2025, where it will assemble models initially and later build them with a higher level of localisation
Source: moneycontrol.com
Mercedes opens Alabama battery plant, adding up to 600 jobs
TUSCALOOSA, Ala. (AP) — Mercedes-Benz has opened a new electric vehicle battery factory...
Source: ctpost.com