Auto Sector

Tesla shares jump 3% after Musk teases with electric semi-truck details

Stock price of electric vehicle maker Tesla gained more than 3 per cent on Thursday, after the company’s founder and CEO Elon Musk confirmed plans to introduce an electric semi-truck.

BMW’s i Vision Dynamics to offer blend of striking design & performance

BMW recently unveiled a new electric concept vehicle, which boasts a head-turning design along with unprecedented performance.

Volkswagen to invest over 20 billion euros to boost e-car production

In a bid to accelerate its shift to zero-emission vehicles, German auto giant Volkswagen is mulling plans to invest more than 20 billion euros (US$24bn) in electric vehicles by 2030.

China to set deadline to end sales of fossil-fuel-powered cars

Chinese government has confirmed that it is working to set a deadline for automakers to end production and sales of fossil-fuel-powered cars in order to accelerate the push into the e-car market.

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