Tesla CEO Elon Musk has previously urged the Government of India to bring the taxes down. The Government is now asking Tesla to source auto components worth at least $500 million from India.
Tag: Tesla
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Tesla’s arrival in India may take time: Elon Musk
Getting a foothold in India for his Tesla is not going to be easy for Elon Musk. He stated that, he is still working through a lot of challenges with the government, in a Twitter post.
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Volkswagen supports Tesla’s push for a tax cut on importing EVs to India
Volkswagen India said that a duty cut on EVs to 25% from the current levels wouldn’t threaten the domestic players. It would help drive investment and speed up the creation of an ecosystem.
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Grevol partners with CATL to launch cutting-edge lithium battery packs
The lithium battery packs and CATL cells will be used in the soon-to-be-launched cargo 3-wheeler light commercial vehicle. Grevol has successfully conducted pilot runs with major e-comm players.
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Auto sales in China dip by 12.4% due to chip shortage
As per industry data, auto sales in China fell 12.4% in June from the corresponding month a year earlier. The slowdown is due to a global shortage of semiconductors in the world’s biggest car market.
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Sumitomo Metal invests $424 mn to boost battery materials output
The company will build a new plant of nickel-based cathode materials in Besshi, Ehime prefecture in western Japan. It aims to boost its capacity of cathode materials to about 7,000 tonnes a month in 2025.
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Orders placed by Tesla with China have halved in May
As per an information released on Thursday, the government scrutiny on the United States electric car maker, Tesla has led to a reduction in the orders in China in May as compared with that of April.
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Taiwan to develop the next generation EV battery
As per sources, Taiwan-based battery suppliers have started assembling battery modules for Taiwan's ICT industry as the industry is not backed by enough natural resources and well-known brands.
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Nissan And Chinese Partner to Invest in New Electric-Vehicle Battery
According to a report, Nissan is planning investment of $1.8 billion for building new EV battery plants in Japan and the United Kingdom. The aim is to deliver batteries to power 700,000 EVs by 2024.
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US-China tensions cause Tesla to tread cautiously on capacity expansion
Tesla plans to restrict the proportion of its global production in China. This is evident as US has imposed 25% tariff on electric cars imported from China. Tesla has also put a halt on its plan to buy land in Shanghai.