The global partnership between Stellantis and Leapmotor is also a recent one, and it is this deal that perhaps gives confidence to the Chinese company to make a bid for the Indian market, despite strict checks on investments from companies that emanate from countries, which share land border with India.
China has amassed a ferocious pack of EV-makers, led by the world's top producer BYD, that are not only forcing price cuts but are also pushing the envelope on autonomous vehicles. This is helped by the fact that some of its EV-makers such as Huawei started out as smartphone manufacturers and have been quite adept at making cars smarter.
Your car has a smart screen that could rival a cockpit — sensors, intuitive interfaces, phone integration and infotainment. Fasten your seatbelts
Chinese consumers, especially younger ones, rank "technology luxury" as an important consideration, and Chinese automakers are taking the lead on such features, said Raymond Tsang, a Shanghai-based Bain & Company partner.
Luxury electric car sales surge in India, driven by young buyers. Uncertainties loom over market impact of new policies and Tesla's entry. Car manufacturers plan expansions to cater to evolving consumer demands and preferences.
German carmaking giant Volkswagen Group said Thursday it would invest 2.5 billion euros (USD 2.7 billion) to expand its operations in China as it tries to prevent a sales slide in its most important market. The new multi-billion-euro investment will be used to further expand Volkswagen's production and innovation hub in Hefei, in the eastern province of Anhui, the group said in a news release.
Telangana struggles with EV adoption due to high costs, safety fears, and limited charging infrastructure. Incentives, awareness programs, and improved loan availability are vital for enhancing EV sales in the state.
I believe both these present extraordinary opportunities for not only growth for auto industry and technology companies like us, but I think it promises a very-very good future for a country like India because it can bring in energy security, it can bring in better air and all that. So, we are really very-very excited about this shift.
Early EV adopters like Saumya Prasad and Sanjay Gupta show dedication to sustainability. Their experiences with old electric cars demonstrate the longevity and value of EV ownership, contributing to the mainstreaming of electric vehicles in India. Industry watchers say electric vehicles are beginning to make economic sense. Now there is price parity between electric and ICE vehicles which will fuel the purchase of electric PVs and increase their penetration, which is now a mere 2%.
If these Evs are to be green, the generation of solar energy has to increase to more than 7,000 GW from the present 220 GW. The battery capacity that is rechargeable has to increase many folds. It is estimated that EV and storage battery capacity required by the committed period will be more than 12,000 GWh against present capacity of 0.75 GWh.
Nissan and MC recognize the need to construct new technologies and service models to solve the region-specific challenges and revitalize communities.
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