TVS Divests Stake in Ion Mobility India-headquartered TVS Motor has informed through an exchange filing that it has divested its stake in Singapore-based ION Energy. At the same time, the company has acquired some assets from ION for a cash consideration of ION for a cash consideration of USD 1.75m. The assets...
Look around the globe, and there are not many electric motorcycle success stories yet. The industry is still a fledgling and far too focused on delivering TCO with rock-bottom priced mopeds and pedelecs. Everyone seems to be getting electric motorcycles wrong or not doing them altogether. Electric motorcycles would thrive if...
India: E2W Market Hits a New High The March closing data (Registration data from Vahan) shows that the Indian E2W market crossed 130k in registrations. This is the biggest month yet for E2W sales Don't strain your eyes: Click/Pinch to enlarge Bajaj Consolidates its Market Leadership Bajaj consolidated its market leadership and registered 34,863 scooters...
Last week, Honda announced the start of production of the ICON e: at its Vietnam plant. The ICON e: would be Honda's first electric scooter to be locally manufactured. This is important for the Vietnamese market as it signals that Honda is getting serious about electric scooters in Vietnam. Honda has...
The Japanese-Four think Electric is just an Option. While many in the world are entirely committing to EVs, and it is every startup's ambition to redefine mobility with a Chinese-made electric scooter, the Japanese are working on everything - ICE, supercharged ICE, electric-supercharged ICE, Hybrids, Hydrogen powered, and Electric. This week,...
Analysts and journalists often make an equivalent blunder of clubbing the Japanese four - Honda, Yamaha, Suzuki, and Kawasaki - together. It is easy to do that: each of the four is known for making high-quality motorcycles and extending the technology envelope frequently. Experienced motorcyclists point out that Honda is known...
Zapp Electric UK-based, NQ-listed, Thailand-manufactured Zapp Electric has received a Staff Delisting Determination notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC. As per the notice, Nasdaq has started delisting the company's securities from the Nasdaq Capital Market due to the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2). The...
The commuter scooter doesn't have to be dull, boring, slow, or heavy. Bengaluru-based Lapa Electric thinks a scooter can be fun, nimble, and light. Lapa wants to redefine the traditional scooter, chucking the tubular frame and carving it out of carbon fiber. As a material choice, carbon fiber has...
Africa is fascinating: sub-Saharan Africa, particularly Kenya, Uganda, and Rwanda to the east, to Nigeria, Benin, and Togo to the west, offers some of the hottest opportunities for electrification. Grids have relative maturity; some are incredibly green, running on renewables, and there is a strong demand for making commercial motorcycles...
This interview is lightly edited for clarity and length. Michael Spencer is a serial entrepreneur who recently spent four years ramping up Model 3 and Model Y production and scaling the supercharger and energy businesses at Tesla. Zeno is launching a sport utility electric motorcycle, a portable/swappable flexible-use battery, and a charging-plus-battery...
Still, it was not a bad year, and Niu has a foundation from which to build upon. First, the numbers For FY 2024, Niu reported revenues of RMB 3288m (USD 455m). This was a 24% improvement from revenues of RMB 2652m (USD 367m) in 2023. However, Niu's revenues are still 11.2% lower...
This week was all about Europe. In our Thursday long-format analysis, we looked at how Europe, once considered an automotive leader with class-leading capabilities in product design and chassis engineering (we are talking two-wheelers here), has lost its way. It's now cannon fodder for the Chinese and has been reduced...
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