August 12, 2024 – Indian electric vehicle manufacturer Ola Electric achieved a remarkable debut on its first day of trading, with its stock price soaring by 20%. This milestone signifies a substantial breakthrough for the company in the global electric vehicle market. Ola Electric went public today on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), with its shares opening at ₹150 (approximately $1.80). By the end of the trading day, the stock had risen to ₹180 (about $2.20). This notable increase reflects strong market confidence and optimistic expectations for the company’s future growth potential. As a leading provider of electric mobility solutions in India, Ola […]
August 12, 2024 – Luxury automobile manufacturer Bentley has recently applied for a groundbreaking patent for an in-car drone system, marking a significant advancement in automotive technology. This patent aims to integrate drone technology to optimize driving route planning and parking space discovery, enhancing both driving experience and vehicle intelligence. According to Bentley’s patent application, this in-car drone system will be incorporated into their luxury vehicles, capable of providing real-time environmental data around the vehicle. The drone will deploy from above the car and utilize high-definition cameras and sensors to scan the surrounding area, assisting drivers in obtaining precise traffic conditions and parking space information. The core advantage […]
On August 9, China took the EU’s provisional countervailing measures on electric vehicles to the World Trade Organization (WTO) dispute settlement mechanism. In response, the European Commission said it believes that its countervailing investigations and measures against Chinese imports of electric vehicles are consistent with WTO rules. August 9, China’s Ministry of Commerce spokesman on the Chinese side in the WTO to sue the EU temporary countervailing measures for electric vehicles to answer reporters’ questions. A reporter asked: It is reported that China has filed a lawsuit in the WTO against the EU’s provisional countervailing measures on electric […]
Japanese automakers such as Honda and Nissan are building recycled plastic supply chains to make their cars more environmentally friendly and comply with new European regulations, Nikkei reported. Plastic is an essential material in automobile production and is used in bumpers, interior trim and other parts. Under a proposal by the European Commission for 2023, at least 25 percent of the plastic used in new cars must be recycled, and the rule will come into full effect as early as 2031, when non-compliant new cars may be banned from sale in the EU. According to the […]
August 10, 2024 – Tank Automobile Co. has officially filed documents for the new Tank 400 Diesel Edition, which will be equipped with a 2.4-liter turbocharged diesel engine. This marks a significant upgrade in the SUV’s powertrain. According to the filing, the Tank 400 Diesel Edition will feature a state-of-the-art 2.4T diesel engine, incorporating the latest turbocharging technology and high-pressure common rail injection system. This engine is expected to deliver robust power output and excellent fuel efficiency. The introduction of this powertrain not only enhances the Tank 400’s performance but also improves its adaptability in various driving conditions. The use of a diesel engine provides the Tank 400 […]
August 10, 2024 – Spy photos of the upcoming Porsche 911 GT3 RS have emerged, showcasing significant new aerodynamic upgrades for this highly anticipated sports car. The images reveal a range of improvements, particularly in the car’s aerodynamics, aimed at enhancing track performance and stability. The spy shots reveal notable design changes to the front and rear of the new 911 GT3 RS. The front features a larger front splitter and revised airflow components, which are expected to increase downforce and improve high-speed stability. At the rear, a more pronounced rear wing is visible, likely designed to significantly boost rear axle downforce and optimize airflow, thereby enhancing overall handling […]