Tata Motors EVs: In an analyst call, Tata Motors Passenger Vehicles Managing Director Shailesh Chandra noted that EV adoption is now growing beyond the top 20 cities in the country. Tata Motors is looking to expand sales outlets in Tier II and Tier III cities in order to cater to the increased demand for its electric model range from such locations.
Ev Policy: With the second edition of the Electric Vehicle Policy still in the making, the transport department of Delhi government is likely to extend the existing one for a couple of months.
SPEAR Investments I, a SPAC, is in advanced talks to acquire Spanish EV firm QEV Technologies for 209 million euros. The merger will enable QEV to trade on the Amsterdam stock exchange, providing a boost to the SPAC market amid challenges faced by other vehicles.
Ev & Future Mobility: U.S. Government aims to buy 9,500 electric vehicles in 2023 despite supply challenges, facing higher costs, reports federal agency. Estimated spending over USD 470 million for EV purchases and infrastructure installation.
Vietnamese automaker VinFast plans to construct a USD 4 billion electric vehicle factory in North Carolina to expand in the US market, aiming for production to begin in 2025. The factory will serve as VinFast s primary supplier for North America, with an initial investment of USD 2 billion to produce 150,000 vehicles annually.