China Is Winning Big On Smaller EVs
by Zero Hedge
Zero Hedge— China Is Winning Big On Smaller EVs Smaller is betterat least in the world of building EVs for the Asian market. And while less scrupulous publications might take this opportunity to make stereotypical jokes about height, we'll do no such thing and instead will simply report that according to the IEA's Global Electric Vehicle Outlook 2024, released Tuesday, China dominated the EV market in 2023. In fact, it made up 60% of global sales, according to a new report from Reuters. The...
ETtech.com—Ola Cabs CEO quits; Elon Musk scores big win in China. Just three months after joining the ride-hailing firm, Ola Cabs CEO Hemant Bakshi has called it quits. Details on this and more in today’s ETtech Top 5.Also in the letter:■ Govt’s ONDC push on ecommerce sites■ HCLTech shares fall 6% post Q4 results■ ETtech Done DealsOla Cabs CEO Hemant Bakshi resigns; firm to lay off 200 employees 109697809Hemant Bakshi, outgoing CEO, Ola CabsOla Cabs’ chief executive Hemant Bakshi is quitting after just three months in the job, even as the ride-hailing...
International Business Times UK—China Wins Elon Musk's Favour, But India Eyes Global EV Market Share. China's dominance in EV and battery production is a pivotal factor in Tesla's ascent as the world's premier electric vehicle manufacturer. This is underscored by Tesla CEO Elon Musk, who recently emphasized the Super Power's increasing importance for his company. Despite this, India's potential for EV development remains a compelling prospect.Just a week after delaying his visit to India, Musk prioritised China, traveling to Beijing to advocate for Full Self-Driving technology. This trip...
CNBC—Pro-China party reportedly wins big in the Maldives, likely accelerating its shift away from India. The outcome is widely expected to accelerate the Indian Ocean archipelago's shift toward China and away from its traditional ally of India.