Competition
Ather Energy scouting for location to start a larger manufacturing unitedit
Hero MotoCorp-backed electric two-wheeler manufacturer Ather Energy is scouting for a location to start a larger manufacturing unit to meet the supply requirements as it expands to new cities in the next four years. The company is planning to set up around 6,500 charging stations with an investment of around Rs 130 crore in next four years to support the electric vehicle ecosystem.
International
China’s electric buses are killing oil demand as US production boomsedit
China’s rapidly growing fleet of electric buses could be the biggest existential threat to oil demand in the future as more and more vehicles shun fossil fuels. A new report from Bloomberg New Energy Finance suggests that China’s electric-bus revolution could kill off oil demand in the future with 6.4 million barrels a day displaced by electric vehicles by 2040.