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BYD, known for its cheaper models and a more varied lineup, recently overtook its biggest rival Tesla Inc to become the world's top EV maker in terms of sales. According to the Nikkei report, BYD has launched a feasibility study for the Mexican plant and is currently negotiating with officials over terms, including the factory's location.
Ola Electric: The company posted a year-on-year (Y-o-Y) growth of over 70% compared to the same month last year.
Renault said on Tuesday it had enough cash to do without the stockmarket listing and would continue to fund the development of Ampere until it reaches break-even in 2025.
Tata Motors shares hit a fresh 52-week high on the BSE, surpassing Maruti Suzuki's market capitalisation. Tata Motors' market cap reached INR 2.94 lakh crore. The stock has delivered over 90% returns in the last year, outperforming Nifty Auto and broader Nifty. Tata Motors reported a 27% uptick in JLR wholesales for the quarter ended December 30, 2023.
More than 100 dealers in the United States, Canada, and Europe have expressed interest in becoming a Fisker dealer, the electric vehicle (EV) company said. While the EV startup made more than 10,000 vehicles in 2023, it delivered only about 4,700 units of Ocean sport utility vehicles due to logistics constraints.