StaCyc Inc makes electric two-wheelers for kids. U.S. motorcycle maker Harley-Davidson Inc stated it has acquired StaCyc Inc, a maker of electric two-wheelers for kids, for an undisclosed amount. StaCyc’s ‘EDRIVE’ two-wheelers retail in the range of $649 and $699, said Harley. Harley-Davidson did not disclose the price of the deal.
Carmakers are pushing to slash R&D costs related to the design of electric battery cells so as to bring down the cost of launching electric cars. In a strategic move aimed at slashing the cost of launching electric vehicles, Daimler’s chief of research and development, Ola Kaellenius, stated, it is open to collaborating with a…
The autonomous bus will undergo testing in the NTU’s campus for a year before moving on to public roads after taking due regulatory approvals. On Tuesday, Singapore’s Nanyang Technological University (NTU) and Sweden’s Volvo Buses unveiled a full-size autonomous electric bus for testing purposes. For Singapore, this is very strategic, given its high density. The…
With Beijing’s policymakers and regulators intent on transitioning from fossil fuel powered vehicles to more electric vehicles, China is set to become the automotive powerhouses in the world. In a development aimed at accelerating the adoption of electric vehicles, automakers from across the globe are planning a $300 billion surge in their spending on electric…
With wider margins, a rise in net profits, and a positive cash flow, Elon Musk has delivered on his promise. Here’s the low down on how Tesla’s Chief Financial Officer Deepak Ahuja and Musk managed Tesla’s operations in a capital efficient manner. In a significant development, Tesla’s Chief Executive Elon Musk delivered on his…
Worries over Tesla’s production are casting their shadow over other electric carmakers who are aiming to produce low-cost mass-market cars. As per sources familiar with the matter at hand, in NIO Inc’s U.S. IPO, the Chinese electric vehicle startup priced its shares at the bottom of its targeted price range due to investor concerns of…
By extending the tax rebate on NEVs upto December 31, 2020, China aims to provide a financial support structure for green vehicles. In efforts aimed at boosting the adoption of hybrid and electric cars, China stated it will extend its tax rebate on the purchase of these new-energy vehicles (NEV) until the end of 2020.…
Researchers from University of California, Riverside have developed natural-life algorithms for hybrid cars that have boosted fuel economy by 30%. Hybrid vehicles have got a new shot in the arm: researchers have concluded that plug-in hybrid cars could be made a lot more efficient in their fuel usage. It turns out that while starting in…
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