EV FIRE NEWS
Elon Musk's Tesla Highlights: Self-driving tech, cybertruck & robotaxi plans
Tesla's annual shareholder meeting on June 13 was marked by shareholder approval of Elon Musk's $56 billion performance-based pay package, despite previous legal challenges. Additionally, shareholders agreed to relocate Tesla from Delaware to Texas. Elon Musk, in his characteristic style, outlined ambitious technological advancements at the meeting: he projected rapid progress in self-driving car technology, including the potential for Tesla owners to connect with a future "Robotaxi" fleet for passive income.
Will China become the cat among India's EV pigeons?
Chinese electric vehicles are causing concern in the US and Europe due to their affordability and efficiency. The US has responded by imposing tariffs on Chinese EVs and lithium-ion batteries. India may now become a target for Chinese EVs. Stellantis is considering manufacturing Leapmotor's electric vehicles in India to avoid tariffs.
Indian EV startup makes offer to interns spurned by Elon Musk
Pravaig Dynamics offers support to Tesla interns after Elon Musk's cost-cutting, inviting them to the Silicon Valley of India to recognize their talents amid concerns about job cuts and logistical challenges.
'The News is Fake!': Britney Spears reacts to reports of fight with boyfriend and topless exit from hotel. Here's what happened
Britney Spears made headlines after an incident at the Chateau Marmont hotel, where reports suggested she had an altercation with her rumored boyfriend, Paul Richard Soliz. Paramedics were called, raising concerns about her well-being and mental health. Despite rumors of her being topless, Spears denied these claims on Instagram, also mentioning a twisted ankle and feeling harassed by paramedics. The Los Angeles Fire Department confirmed the ambulance call but stated no transportation was needed.
JNK India IPO allotment: Check status, listing date, GMP and other details
JNK India IPO share allotment details available on BSE/registrar website. Shares trade at Rs 85 premium. IPO price 451, 20% gain. Valuation at P/E 49.38x, EV/EBITDA 33.13x, market cap Rs 2,308 crore. Expertise in thermal designing, 27% market share, FY23 revenue Rs 407 crore."
JNK India IPO sees steady response so far on Day 1. Check subscription, GMP and other details
JNK India received steady response so far on first day. The category reserved for institutional investors was booked the most at 67%, followed by retail investors at 34% and non-institutional investors at 9%.
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JNK India IPO opens for subscription. Should you bid?
JNK India IPO GMP, Price Band: JNK India IPO to open for Rs 650 crore with fresh equity and offer for sale. Reserved quotas. Anand Rathi advises subscription. Market cap post issue, price band set. Proceeds for working capital.
Ola IPO to be first by an Indian EV maker, also a first by an automaker in 20 years
Ola Electric IPO is expected to be valued at around Rs 8,500 crore (approximately $1 billion), making it one of the top 15 offerings in India in terms of size. What makes this IPO even more significant is that Ola Electric will be the first pure play EV manufacturer to list on the Indian stock exchanges. It will be also the first IPO by an auto maker in India in over 20 years.
Huawei and Xiaomi are paving the way for an Apple EV
Huawei Technologies Co. received orders for 80,000 units of its debut Aito M7 SUV in the first 50 days after its September launch, with the subsequent release of the Avatr 12 luxury coupe and Luxeed S7 sedan adding to momentum. That’s a solid start, but still trails the more than 300,000 EVs BYD sold in October, 90% within China, which puts the local leader neck-and-neck with Tesla.
Tesla launched its own car insurance. These drivers say it's a lemon.
Customer complaints against auto insurance companies aren’t uncommon. And there’s no way to know exactly how many have been made against Tesla Insurance and how its record compares with competitors’. That’s in part because regulators in some states where it does business – including California, Utah, Illinois and Virginia – consider details of complaints confidential.
Aftermarket parts used in the scooter led to a short circuit: Ola Electric on Pune fire incident
The company also confirmed that the battery of the vehicle is intact and functional. In addition, it informed that "the customer is safe and unharmed".
Oil on Fire: India must plan if Israel-Hamas conflict widens
As economic growth and climatic changes constantly push up the demand for power to new heights, the use of coal despite its "dirty" epithet, is set to rise inexorably in the foreseeable future. Despite a robust rise in India's renewable energy capacity, for several reasons, it is yet to make its full impact, forcing the economy to fall back to more reliable coal-based power.
Return subsidy or face legal action, govt tells EV makers; Bob Iger spell yet to work at Disney
The government sent recovery notices totalling Rs 469 crore earlier this fiscal year to seven companies — Hero Electric, Okinawa Autotech, Ampere EV, Revolt Motors, Benling India, Lohia Auto and Amo Mobility — for allegedly violating local sourcing norms.
EV scooter sales hit a bump in April, Ola grows marginally; What's plaguing Nykaa?
Electric two-wheeler sales took a beating in April, according to data from Vahan, a government database that tracks vehicle registrations, and compiled by Elara Capital.
Tata Nexon EV catches fire, company blames 'headlamp replacement' for incident
The EV car fire incident was reported from Vasai West (near Panchvati Hotel) in Mumbai, and the video of the Tata Nexon EV engulfed in fire went viral on social media. According to the video, the owner of the car charged his Nexon EV with a normal slow charger installed at his office.
New norms put brakes on EV firms, battery companies
The Ministry of Road Transport and Highways recently amended the AIS156 norms, a stringent testing and certification standard, to ensure better safety following a spate of fire-related incidents involving EVs.
India's EV revolution could bear fruit by 2030, survey shows
A private consumer expectation survey on Monday showed that around 66% of Indians said that electric vehicles will surpass petrol and diesel cars by 2030. The survey also showed that a majority of Indian consumers, around 57%, want to invest in EVs because of their practical benefits while 56% want to purchase an EV because it is good for the environment
Lithium-ion batteries in e-bikes and other devices pose fire risks
Lithium-ion batteries are rechargeable, last a long time and store a lot of energy in a small space. That has made them the most popular power source in electronic devices and vehicles, said Victoria Hutchison, a research project manager at the Fire Protection Research Foundation.
Govt gives Twitter ‘last chance’; probe finds EVs lack ‘basic safety systems’
The government has once again threatened to make Twitter liable for the content on its platform, saying the company has repeatedly failed to act on takedown requests.
Tesla lays off 200 Autopilot employees in latest jobs cut: Report
As recently as last week, Elon Musk had outlined plans to cut 10% of Tesla's salaried staff but said he would be increasing hourly jobs, the report said.
DRDO report finds serious battery defects in EVs that caught fire
According to sources in the know of the matter, these defects occur because the electric two-wheeler manufacturers like Okinawa Autotech, Pure EV, Jitendra Electric Vehicles, Ola Electric and Boom Motors may have used "lower-grade materials to cut costs".
EV recall may mean tweaking wires, not a battery change
Ola Electric, Okinawa and Pure EV have recalled electric two-wheelers to fix battery-related issues, but since the battery is a sealed unit, it cannot be opened or tampered with.
As EV demand soars, battery maker Nexcharge gets all its production lines running
The battery maker has also started a second shift at one of its production lines to meet demand, Stefan Louis, the CEO of Nexcharge told ET. In fact, the demand has been such that it has not been deterred by the surge in prices of cells, Louis said. The cost of lithium-ion cells used in these batteries has surged by over 40% in the last nine months, he said.
Tata Motors looks to drive in multiple EVs for buyers across segments
With first-generation products like Nexon EV and Tigor EV, the company has been able to bring in one set of customers, while the recently showcased SUV coupe concept CURVV is expected to bring in another set of buyers into the company's fold.
Government seeks safety, quality details from EV makers
Following a meeting on April 25-- attended by two and three-wheeler electric vehicle manufacturers—the ministry of Road Transport & Highways (MoRTH) has written to original equipment manufacturers asking for details of specific quality control measures.
Hero Electric clocks zero deliveries in April amid chip shortage; CEO Sohinder Gill apologises
Hero Electric’s inability to deliver in April could also cause Ola Electric to overtake it on EV sales for the first time.
EV fire: Gadkari urges cos to take advance action; says high seasonal temp a problem for batteries
The Road Transport and Highways Minister also acknowledged that the country's EV industry has "just started" and emphasised that the government does not want to put up a hurdle. "But safety is the highest priority for the government and there can be no compromise with human lives," Gadkari said at the Raisina Dialogue here.
EV battery explosion claims life in Nizamabad, two injured
Adding fuel to concerns around electric vehicle battery safety, a case of battery explosion has been reported. An 80-year-old man died while his wife and grandson suffered burn injuries when the battery of an electric scooter exploded in their house in Nizamabad town on Tuesday night, as per TOI.
DRDO arm to probe EV fires
"Any e-vehicles that use lithium-nickel-manganese-cobalt-oxide,, abbreviated as NMC technology, can eventually be investigated. The technology is being perceived as being notorious for catching fire if the cooling system is not optimised," said the official, who did not wish to be identified.
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