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Rise of Indian used car market; set to exceed 10 mn units by FY28 – ET Auto

Baua Electric

While the purchasing power may be different, customer aspirations are the same. In India, buying a pre-owned vehicle is no longer considered a ‘compromise’. While the purchasing power may be different, customer aspirations are the same. Gupta recalled that in 2016-17, the penetration of finance was hardly 7%.

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Tencent buys 5% stake in Tesla for $1.8 billion

Green Car Congress

Tencent acquired the shares through Tesla’s latest registered offering of common stock (17 March 2017, earlier post ) and through open market purchases. Tencent and China Harmony Auto Holding began a partnership to develop connected, electric cars. China-based Tencent Holdings Ltd. Tencent reported net profit of $5.97

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CEO Mary Barra & General Motors Make Sure The Greenius Is Rewarded For His Many Years Of EV Advocacy

Creative Greenius

Last week, as part of the little known and unadvertised “Bolt Buyback” program GM quietly created in response to the recall of all their 2017- 2019 Bolts, Chevy paid $37,900 to buy this car back from us. The first Bolt displayed at the annual National Drive Electric Event in 2016 in Los Angeles. The Bolt debuts at the 2016 LA Car Show.

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Tesla Service Center permit revoked due to local dealership concern over direct sales

Teslarati

However, the decision was ultimately revoked after Hoffman Auto Group, a company with a string of local dealership locations, argued Tesla was attempting to loophole its way through laws that prohibit automakers from selling directly to customers. Tesla never officially purchased the building or property at 300 Connecticut Blvd.,

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All Teslas in the US get a one month trial of FSD starting this week

Baua Electric

FSD also costs a lot – $12k now, though it used to cost $15k – so a lot of owners don’t bother to buy it. You can also get three months of free FSD by using a current owner’s referral code when purchasing a vehicle. FTC: We use income earning auto affiliate links. But take rate has been relatively low.

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Elio Motors launches stock sale to raise $25M to help bring 3-wheeler to market

Green Car Congress

Elio Motors, which unveiled its fifth-generation three-wheeler prototype at the LA Auto Show ( earlier post ), launched a $25-million stock sale at 4 p.m. The company has offered an opportunity for all those that have indicated interest to buy shares during an exclusive period running to 2 December. Elio Motors received more than $45.6

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Opinion: Why Lithium Will See Another Price Spike This Fall

Green Car Congress

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year growth in 2016 , 60% in 2017, and likely 100% in 2018. by James Stafford of Oilprice.com.

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