Stay updated with the latest news and articles about Electric Vehicles.
EV Motors president Rafael Ruiz calls the joint venture with Chery a "win-win" collaboration, promising innovative, sustainable vehicles and reshaping Europe’s electric mobility landscape.
EV Dynamics Holdings leads gainers with a 169.66% rise, while Beijing Digital Telecom sees a 19.39% decline, marking significant volatility in Hong Kong’s stock market.
Dubai RTA reveals an extensive five-year internal roads plan (2025-2029) to enhance transport infrastructure, improve connectivity, and cater to the city’s rapid growth.
Hero MotoCorp’s revenue surpassed Rs 10,000 crore for the first time, driven by strong sales and new launches. Despite a 36% rise in net profit, the results missed analyst estimates, with shares closing 1.55% lower.
Ola Electric Mobility’s IPO saw a strong debut, with shares hitting the 20% upper circuit limit and closing at Rs 91.18, a significant rise from the issue price of Rs 76. The issue was oversubscribed 4.27 times, raising Rs 6,146 crore.
Ola Electric’s IPO, which drew $1.8 billion in bids, stands as India's first offering by an electric vehicle maker. The company, valued at around $4 billion, plans to use IPO proceeds to boost its battery cell manufacturing unit amid rising costs and profitability concerns.
Investors picked 198.15 crore equity shares against the offer size of 46.51 crore shares, with both Qualified Institutional Buyers (QIBs) and the retail category providing maximum support. The electric vehicle maker plans to spend Rs 1,227.64 crore on capacity expansion and another Rs 800 crore on debt repayment.
Ola Electric Mobility’s IPO was fully subscribed on the second day despite a weak market. The issue saw strong interest, particularly from employees and retail investors, while QIB participation was lower. Major institutions backed the IPO, with a positive outlook on the company’s growth and market position.
Nissan and Honda, along with Mitsubishi Motors, have signed an MOU to explore a joint framework for advancing automotive intelligence and electrification.
EuroGroup Laminations is expanding its global presence by acquiring a 40% stake in India's Kumar Precision Stampings and forming a joint venture with Hixih Rubber Industry Group in China.
Showing 10 of 26 articles