Page 4 - Rev Startups News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As sustainability takes center stage, EV companies attract talents and investment for growth

EV Truck China EV Market: A viable cold storage electric vehicle could be a lucrative niche for Singauto inside the Chinese EV market, the world's largest. The cold-chain logistics market is dominated by internal combustion vehicles, partly because refrigerating the cargo consumes so much of the power from the battery that the range of electric versions could be limited.

The surge in sales happened despite a 25 percent cut in subsidies in May, which resulted in a massive decline in volumes in June. However, the August numbers are lower than the figures prior to the cut in subsidies

Tesla's Price War: Even market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing money on EVs. The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors, which filed for bankruptcy in June.

Even market leader Tesla has warned of "turbulent times" and traditional automakers with deeper pockets including Ford Motor are losing money on EVs. The squeeze has already claimed its first casualty in electric truck maker Lordstown Motors, which filed for bankruptcy in June.