Electric Vehicles

The company is focusing on the auto leasing sector now that China’s EV sales are declining by double digits.

The firm says that the new vehicle will be a cheaper and greener alternative compared to a normal car.

Under the agreement, the three companies will jointly develop fleet and mobility solutions to build India-specific electric vehicles (EVs) and infrastructure.

All stakeholders are onboard for a wild EV ride, but New Delhi seems to have put its feet on the brake.

Plagued by controversies and falling sales, China’s once promising electric vehicle sector is facing a rough ride ahead.

The partnership seeks to accelerate the electric vehicle ecosystem development in the country.

Souces from Huzhou government also denied a rumored framework agreement signed between the two.

Chinese EV makers set sight on state-owned capitals.