Tag: EV companies

  • Tarun Mehta: Driving India’s EV Revolution

    Tarun Mehta is the face of innovation, sustainability, and India’s mobility future. He is the co-founder of Ather Energy, a company that is changing the EV narrative in a country that balances tradition with modernity.

    Tarun was born in a Marwari family that believed in discipline and aim in Ahmedabad, Gujarat. Tarun’s story proves the power of vision resilience and leaves a lasting impression. Great ideas, when combined with hard work and grit, can transform this world. 

    We will explore the life of this visionary entrepreneur. Moreover, we will read about his early life, career milestones, education, controversies, and how he overcame challenges to help drive the EV revolution in India.

    Tarun Mehta – Biography

    Name Tarun Mehta
    Birthplace Ahmedabad
    Born October 31, 1989
    Nationality Indian
    Education IIT Madras
    Position Co-founder and CEO, Ather
    Website Atherenergy.com

    Tarun Mehta – Early Life
    Tarun Mehta – Career
    Tarun Mehta – Ather
    Tarun Mehta – Controversies
    Tarun Mehta – Awards and Recognition

    Tarun Mehta – Early Life

    Tarun Mehta was born in Ahmedabad, Gujarat, on October 31, 1989, to a traditional Marwari family that advocated discipline, culture, and ambition. Tarun was a naturally curious creature and a man who was determined in all his work from an early age. His formative years in Ahmedabad were critical.

    During his school years, Tarun was a sharp intellect and a relentless seeker of knowledge. His academic performance and ability to tackle challenges with determination and focus were always consistent.

    After finishing his primary education, he took up the challenge of cracking the IIT-JEE with an open heart and prepared himself so that no stone was left unturned. With sheer hard work and laser-sharp focus, he overcame every obstacle.

    His efforts paid off. He excelled at the IIT-JEE and secured a seat for himself at IIT Madras. Tarun opted for Mechanical Engineering there, attracted by innovations.

    His interest in entrepreneurship began quite early. He was part of the Entrepreneurship Cell at IIT Madras during his second year and learned how to build and run businesses. This experience polished his skills and connected him with like-minded individuals.

    That was when Tarun met Swapnil Jain, another engineering branch mate. The two loved problem-solving and sustainable technology, so they’d talk about starting something of their own. Moved by the same vision, they wanted to implement their ideas and create a startup to tackle the burning issues in sustainability and mobility.

    The pair started to think of ideas and eventually hit upon Ather Energy, which means the Greek word ‘Ather’, which means pure. This name stood for their dedication to building clean and efficient technologies. Their first target was to develop cleaner engines, but as they got into the business of electric vehicles, that would become their life’s work.


    Ather Story: Founders | Business Model | Logo | Tagline
    Ather Energy is an Indian startup founded by Tarun Mehta and Swapnil Jain. Know more about its business model, success story, competitors, and more.


    Tarun Mehta – Career

    Tarun’s professional journey began during his college years with internships that provided him with valuable industry insights:

    • National Institute of Design (NID), Ahmedabad (2009): Tarun researched the concept of open innovation and how companies use collaborative strategies to drive market innovation.
    • 2010, Mercedes-Benz Research and Development, India: He worked on engine weight reduction for diesel engines in passenger cars, which led to insights into engine manufacturing and optimization.
    • Bharat Heavy Electricals Limited (BHEL, 2011): He designed, prototyped, and tested equipment for coal ash testing at BHEL and proved he could translate theoretical knowledge into real-world solutions.

    Tarun did his degree and joined Ashok Leyland as Deputy Manager in 2012. He worked on campus, within the sprawling Chennai campus. Even with limited resources and slow onboarding processes—he didn’t have a dedicated computer for the first few months—this phase gave him a chance to contemplate his career aspirations.

    Founding Ather Energy

    When Tarun returned to IIT Madras, he and his college friend Swapnil Jain started looking for opportunities in electric mobility. The duo realized that electric vehicles (EVs) could change the game of the automotive industry, so they founded Ather Energy in 2013. 

    They started in an empty hostel room, with much work to improve battery packs and reimagine EV technology.

    Launching an EV startup in India was not as easy as it seems. Tarun faced numerous challenges:

    • Talent Acquisition: Individuals with expertise in electric vehicles and new product development were particularly hard to find.
    • Technology Investment: A persistent hurdle was convincing investors to support significant upfront investments in technology.

    But Tarun and his team were determined to create a fully indigenous product. So, they designed India’s first intelligent electric scooters, the Ather 450X and 450, with their advanced technology, exceptional design, and user-friendly features.

    Ather’s philosophy was driven by Tarun’s belief that “electricity doesn’t mean some new invention; it’s a better product.” He even foresaw that electricity would eventually dethrone petrol, outclassing it in performance and the environment.


    Ola Electric: Revolutionizing Mobility with Clean Energy Solutions | Founders | Growth | Challenges
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    Strategic Partnerships

    • Hero MotoCorp: This partnership gave us great insights about the rigorous product testing and helped Ather get focused on customer experience.
    • Sachin Bansal: The advice of the Flipkart co-founder to prioritize customer love over cost reduction shaped Ather’s product development.
    • Scaling Ather Energy: Ather Energy, led by Tarun, has raised over $170 million and reached an $800 million valuation by 2023. Revenue was reported at INR 2,000 crore ($300 million) early in 2023, and the company hopes to reach $1 billion by year-end.

    Advocacy for EV Ecosystems

    Tarun Mehta believes that the adoption of EV technology will be successful only if an ecosystem for electric vehicles (EVs) is built comprehensively and sustainably. His advocacy extends across multiple facets of the EV ecosystem:

    Developing Robust Charging Infrastructure

    Tarun has emphasized the need for an accessible and widely spread charging station network. Ather Energy was the first to introduce Ather Grid, India’s first network of bright charging points for Ather scooters and other electric vehicles. These charging points are strategically placed in cities, so EV charging is as convenient as petrol vehicle refueling.

    In a world where charging stations are just as common as fuel stations, Tarun sees a future of long-distance travel and reduced range anxiety among EV users.

    Collaborating with Suppliers and Stakeholders

    Tarun has been very active with suppliers and manufacturers to ensure that a localized supply chain is set up to ensure seamless operations and high-quality products. This would involve sourcing all Indian-made parts like batteries, motors, and controllers to decrease import dependency and manufacturing costs.

    He works with stakeholders such as policymakers and industry leaders to create a space for fast-paced innovation in EVs.

    Promoting Policies Encouraging EV Adoption

    Tarun supports government policies that make EVs more attractive to consumers. His focus areas include:

    • Subsidies and Incentives: Tarun has said that EVs need financial incentives, such as tax breaks and subsidies, to be competitive.
    • Regulatory Support: He has also demanded stricter emission norms and fuel efficiency standards to motivate automakers to adopt cleaner technologies.
    • Battery Recycling and Disposal Policies: Tarun is actively developing practices to reduce the negative environmental impact of recycling and disposing of waste batteries from used EVs.

    Tarun Mehta – Ather

    Tarun Mehta’s career is a story of perseverance, innovation, and sustainability. From a hostel room in his early days to revolutionizing India’s EV landscape, his story is a testament to his vision, hard work, and relentless focus on delivering value to customers. Through Ather Energy, he continues to inspire a new generation of entrepreneurs and build a greener, more connected future.

    Tarun Mehta and Swapnil Jain co-founded Ather Energy in 2013, and in a short time, it emerged as an EV market pioneer in India. IIT Madras alumnus Mehta embodies patience and precision, perfectly exemplifying how Ather has journeyed. He oversaw the company, spending five years developing its first electric scooter from the ground up, ensuring it was up to the highest standards before rolling onto the streets. Mehta’s keenness on the premium market means Ather also focuses on it.

    Ather’s ethos is deep R&D; its scooters result from a decade of research into battery technology and design. The Ather 450 series, including the 450X and 450 Plus, showcases cutting-edge features, lightweight aluminum structures, and long-lasting batteries. Ather batteries are proudly durable, retaining 85-90% capacity even after years of use, cementing Ather’s reputation as the safest and most reliable EV on the market.

    For Tarun Mehta, competition is a growth catalyst, and he is open to leading legacy players such as Hero and Bajaj into the EV space. “The more we have in the EV space, the more options we have for the consumer and us manufacturers,” he says. Mehta believes the industry’s united effort is the first step in speeding up the shift from internal combustion engines to electric vehicles and creating a better environment for consumers to become aware of and trust electric cars.

    Ather Financials
    Ather Financials

    Ather Energy made a revenue of INR 1,789 crore in the financial year 2024, which is about the same as the previous year. However, the company’s losses increased by over 22%, reaching INR 1,059 crore during this time.

    Ather embodies India’s Aatmanirbhar Bharat vision. The company differentiates itself from the pack by designing and building its scooters domestically and with pioneering touchscreen dashboards, even before smartphones were made in India. With over 10,000 employees, the company has filed 60 to 70 patents. It is leading the EV industry in R&D. Mehta’s focus is now on manufacturing lithium-ion cells, using government incentives to reduce dependence on imports and build self-reliance.

    Under Mehta’s guidance, Ather has scaled its monthly production to 35,000 units, consistently attempting to hit 30,000 units. Its Hosur plant, near Bangalore, is the backbone of its operations, and the company is already planning its next manufacturing facility. Mehta says profitability is a few years away. Still, he is confident Ather can reach $1 billion in revenues this year, putting the company on track to become a global EV leader.

    Ather has changed the game on EV charging with its fast charging network, Ather Grid, which has more than 1,000 points across 80+ cities in India. Thanks to forward and backward compatibility, Mehta’s decision to offer chargers as optional accessories means that customers upgrading to newer models will enjoy a seamless and cost-effective experience.

    The Ather philosophy is all about quality and innovation. The company improves user experience by adding features like Ather Stack 5.0 to its robust aluminum scooter frames. Mehta’s philosophy of remaining faithful to Ather’s vision, guided by early input from investor Sachin Bansal, means the brand can withstand the rapid change in the industry.

    Tarun Mehta, now 35, has already etched his name in India’s EV landscape. Under his leadership, Ather Energy has become a symbol of innovation, self-reliance, and sustainability. Mehta’s visionary leadership is set to reframe the future of electric mobility for Ather Energy, which has ambitious plans for scaling production, upgrading technology, and entering the global market.


    Ather Energy Targets $2.4 Billion Valuation for IPO
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    Tarun Mehta – Controversies

    Onam Celebration Backlash

    Tarun Mehta - Controversy
    Tarun Mehta – Controversy

    In August 2024, Ather Energy was criticized online for sharing pictures of its office’s Onam celebration. The images also showed employees feasting on an Onam Sadhya meal and co-founders Tarun Mehta and Swapnil Jain in traditional Kerala attire. However, including chapatti, a non-traditional Sadhya item, received widespread backlash online.

    One of Kerala’s most significant cultural festivals, the Sadhya, traditionally served on banana leaves, is one of the most important parts of Onam. However, the addition of chapatti, a northern Indian staple, was a cultural faux pas that was criticized on social media platforms. Users were disappointed with the inconsistency in honoring Kerala’s traditions.

    The incident turned controversial, though. Ather’s CEO, Tarun Mehta, posted the photos to show the company’s festive spirit. Later, Ather released a statement admitting the mistake and explaining that they didn’t want to mark Onam in a way that would hurt people.

    Customer Service Complaints

    Like many growing companies, Ather Energy has faced occasional criticism of its customer service. Social media has been filled with issues ranging from scooter delivery delays to worries about after-sales support. Some customers have complained that the service centers have been slow in resolving technical problems, resulting in frustration.

    Ather has made quite some efforts to improve customer service by bringing in online responsive support channels and service camps; however, these incidents indicate the scale of operations and their service standards.

    Tarun Mehta – Awards and Recognition

    • Listed on the Forbes 30 under 30 in 2018 
    • He is also listed on the Fortune 40 under 40 list in 2017 & 2019 for the innovative product. 
    • Received Jagdish Khattar Rising Star Award in 2023 
    • AIMA India dedicated the Young Entrepreneur Award in 2023 to Tarun Mehta
    • He received the IBT CEO Awards 2024, which was recognized for his leadership at Ather.
    • Electric Two Wheeler of the Year Award from Zee News was received by Tarun Mehta in 2021 for Ather 450X.

    FAQs

    Who is Tarun Mehta?

    Tarun Mehta is the co-founder and CEO of Ather Energy.

    What is Tarun Mehta education?

    Tarun Mehta completed his Bachelor’s and Master’s in Engineering Design from the Indian Institute of Technology (IIT) Madras. His education laid the foundation for his innovative work in the electric vehicle industry.

    What is Tarun Mehta age?

    Tarun Mehta is 35 years old. He was born on 31 October 1989.

  • Vidyut and JSW MG Motor India Offer a Unique Electric Car Ownership Package

    The battery-as-a-service (BaaS) portfolio of Bengaluru-based full-stack EV ecosystem startup Vidyut (VT) has been extended to the passenger automobile market.

    The firm is offering a Battery-as-a-Service (BaaS) financing option for passenger cars, such as the MG Comet EV, MG Windsor EV, and MG ZS EV, in collaboration with JSW and MG Motor India. While most people view batteries as assets, Vidyut views them as fuel. Given that the car is not in use, why should one pay for it?

    According to Xitij Kothi, co-founder of Vidyut, “This very question inspired us to introduce Battery-as-a-Service (BaaS) into the EV ecosystem.”

    Allowing Clients to Lease the Battery

    Customers can rent the battery under the BaaS scheme for a minimum charge that starts at INR 2.5 per kilometre, depending on usage. By renting batteries, EV owners can drastically cut their operating costs compared to conventional internal combustion engine (ICE) vehicles—up to 40%.

    Vidyut has made great progress in developing this funding mechanism for commercial applications since its founding in 2021. With JSW MG Motor India, the business is now thrilled to bring the same degree of innovation to personal four-wheelers, according to Kothi. The company wants to enable people to embrace sustainable transportation without the financial burden that usually goes along with it by making EV ownership affordable and accessible for all, Kothi revealed further.

    How Does the Baas Model Work?

    The Battery-as-a-Service (BaaS) business model considerably lowers the initial acquisition cost of an electric vehicle (EV) by allowing consumers to pay only for the vehicle (without the battery), in contrast to standard ICE vehicles that have continuous gasoline costs involved. With this model, owning an EV is more convenient and economical while also reducing driving costs. 

    Vidyut will give clients the choice to either continue with the battery rental programme or buy the battery altogether when the vehicle’s finance term (without the battery) has ended, which could be anywhere from three to five years, depending on the model of the vehicle. Furthermore, car owners can pay the battery’s residual value to withdraw from the programme whenever they like.

    In order to increase the accessibility of passenger EVs and accelerate EV adoption in India, JSW MG Motor India values Vidyut’s approach to this innovative and industry-first ownership programme.

    According to Gaurav Gupta, Chief Growth Officer of JSW MG Motor India, the company is thrilled to work with Vidyut as one of its finance partners to launch BaaS, which will help remove the initial investment barrier to electric vehicle ownership while drastically cutting operating costs.

    JSW MG Motor India is optimistic that this model will encourage more prospective EV buyers to upgrade to an EV lifestyle by offering this creative plan. Gupta stated that MG EV buyers can also take advantage of the guaranteed 60% buyback value following three years of ownership, providing a smooth and secure ownership experience.


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  • Top 10 EV Companies in the World

    With the rise in Electric Vehicles around the globe the market has grown in the past decade. There is a lot of competition among brands to bring out the best Electric Vehicles. The race is both in the two wheeler and four wheeler sectors. Not to forget the bigger vehicles too in this competition! If you are planning to buy an EV or want some information about the trending EVs globally then here is a listicle. Let us dive into the world of EVs and check out the top 10 EVs in the world.

    Tesla, Inc.
    BYD Auto
    General Motors (GM)
    Volkswagen AG
    Hyundai Motor Company
    Ford Motor Company
    Rivian Automotive
    NIO Inc.
    Lucid Motors
    Xpeng Motors

    Tesla, Inc.

    Company Tesla Inc.
    Founded 2003
    Market Cap (September 2024) $732.81 Billion
    Origin USA
    Website tesla.com
    Top EV Companies - Tesla Inc.
    Top EV Companies – Tesla Inc.

    Tesla, Inc. is an American electric vehicle and clean energy company founded in 2003, known for its mission to speed up the world’s transition to sustainable energy through innovative products and solutions. The company was established by engineers Martin Eberhard and Marc Tarpenning, with Elon Musk joining shortly after as a significant investor and later becoming the CEO.

    The company has pioneered several key innovations in the automotive industry. High-performance electric vehicles, advanced battery technology, and autonomous driving capabilities are their innovations. Their contribution to the evolution of electric mobility include:

    • Tesla Roadster
    • Model S
    • Model 3
    • Model X
    • Model Y

    Tesla’s impact on the market has been profound, as it has spurred a global shift towards electric vehicles. This is after it only disrupted traditional automotive manufacturers. The company has reported increasing sales figures. Also, a significant growth in both production and delivery, reflects a rising consumer demand. Besides electric vehicles, Tesla has expanded its portfolio to include energy storage solutions. This diversification aligns with the company’s overarching goal of promoting renewable energy and reducing reliance on fossil fuels. 

    BYD Auto

    Company BYD Auto
    Founded 1995
    Market Cap (September 2024) $99.06 Billion
    Origin China
    Website byd.com
    Top EV Companies - BYD Auto
    Top EV Companies – BYD Auto

    BYD Auto, established in 1995, originated as a rechargeable battery manufacturer. Then it diversified into the automotive sector. The company has evolved into a leading player in the electric vehicle market. It is driven by its commitment to innovation and sustainability. Its headquarters are located in Shenzhen, China. The headquarters has developed a robust infrastructure for research and development. 

    The company offers passenger cars, buses, and commercial vehicles. BYD’s electric vehicle range is characterized by:

    • advanced battery technology,
    • impressive driving ranges, and
    • a focus on environmental sustainability.

    Models such as the BYD Han and BYD Tang have gained attention for their performance and features.

    BYD Auto has made significant strides in global expansion. This has helped in establishing a presence in various international markets. The company has formed strategic partnerships and collaborations to enhance its market reach. It has invested in local manufacturing facilities to meet regional demand. 


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    General Motors (GM)

    Company General Motors
    Founded 1908
    Market Cap (September 2024) $52.88 Billion
    Origin USA
    Website gm.com
    Top EV Companies - General Motors
    Top EV Companies – General Motors

    Established in 1908, GM is evolving through various phases of innovation and adaptation. The company has increasingly focused on electrification, recognizing the need to transition from traditional internal combustion engines to EVs. 

    The launch of the Chevrolet Bolt marked a significant milestone for GM, as it was one of the first affordable all-electric vehicles to offer a substantial driving range, thereby making electric mobility more accessible to the general public. Additionally, the introduction of the Hummer EV represents a bold step in reimagining a classic brand, showcasing GM’s capability to produce high-performance electric vehicles that appeal to both adventure enthusiasts and environmentally conscious consumers.

    GM’s long-term vision is centered around achieving an all-electric future, with ambitious goals to eliminate tailpipe emissions from new light-duty vehicles by 2035. 

    Volkswagen AG

    Company Volkswagen AG
    Founded 1937
    Market Cap (September 2024) $52.74 Billion
    Origin Germany
    Website volkswagen-group.com/en
    Top EV Companies - Volkswagen AG
    Top EV Companies – Volkswagen AG

    Volkswagen AG is undergoing a transformation. It has shifted from conventional manufacturing to electric vehicles (EVs). The company is reflecting a strategic response to the evolving automotive landscape. This transition involves large investments in R&D, and new production facilities.

    The ID series represents an innovative approach to electric mobility. It features a range of models designed to cater to diverse consumer needs. This series includes vehicles such as the ID.3 and ID.4. These are equipped with cutting-edge features and sustainable design elements. Volkswagen AG is dedicated to sustainability, aiming to reduce its carbon footprint. The company has set ambitious future goals, thereby contributing to a more sustainable automotive industry.

    Hyundai Motor Company

    Company Hyundai Motor Company
    Founded 1967
    Market Cap (September 2024) $43.79 Billion
    Origin South Korea
    Website hyundai.com/worldwide/en
    Top EV Companies - Hyundai Motor Company
    Top EV Companies – Hyundai Motor Company

    Hyundai Motor Company has made significant strides in the EV sector, focusing on innovative technologies and sustainable practices. The company aims to expand its EV lineup. It looks at investing in R & D for improve battery efficiency and charging infrastructure. This in turn promotes a greener automotive future.

    Among the notable electric models introduced by Hyundai are

    • Hyundai Ioniq
    • Kona Electric

    The Ioniq series offers a range of options, including

    • hybrid
    • plug-in hybrid
    • fully electric variants

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    Ford Motor Company

    Company Ford Motor Company
    Founded 1903
    Market Cap (September 2024) $43.01 Billion
    Origin USA
    Website ford.com
    Top EV Companies - Ford Motor Company
    Top EV Companies – Ford Motor Company

    The Ford Motor Company has undergone significant transformations in response to the evolving automotive landscape. This shift has necessitated a comprehensive reevaluation of their product offerings. In line with this transition, Ford has launched innovative electric models such as:

    • Mustang Mach-E: an all-electric SUV that combines performance with eco-friendliness,
    • F-150 Lightning: an electric version of their iconic pickup truck.

    These vehicles not only reflect Ford’s commitment to electrification but also aim to capture the interest of a diverse consumer base seeking modern, sustainable transportation options. To solidify its position in the market, Ford has developed plans that encompass increased investment.

    Rivian Automotive

    Company Rivian Automotive
    Founded 2009
    Market Cap (September 2024) $13.60 Billion
    Origin USA
    Website rivian.com
    Top EV Companies - Rivian Automotive
    Top EV Companies – Rivian Automotive

    Rivian Automotive was established with a mission to revolutionize the automotive industry. It aimed at producing sustainable electric vehicles. Such vehicles were designed to cater to the needs of adventure-seeking consumers. The innovation involved environmental responsibility.

    The company has concentrated its efforts on developing electric trucks and SUVs. It aims to capture a significant share of the growing market for electric vehicles. The emphasis is given to offering products that combine rugged performance with advanced technology and eco-friendly features. Rivian has attracted large investment from various sources. Such investments have positively influenced its market reception. This has led to heightened interest and anticipation for its vehicle offerings.

    NIO Inc.

    Company NIO Inc.
    Founded 2014
    Market Cap (September 2024) $10.96 Billion
    Origin China
    Website ir.nio.com
    Top EV Companies - NIO Inc.
    Top EV Companies – NIO Inc.

    NIO Inc. is a prominent electric vehicle manufacturer established in 2014. The company was founded by William Li. He aimed to create high-performance electric vehicles.

    NIO vehicles stand out in the crowd by their cutting-edge features, which include

    • advanced battery swapping technology,
    • autonomous driving capabilities, and
    • focus on user-centric design.

    These attributes not only enhance the driving experience but also address concerns such as:

    • range
    • charging times
    • positioning

    The company has experienced growth since its start. It is marked by increasing sales figures and expanding market presence. With an aim to solidify its market presence, NIO plans to:

    • innovate product lineup
    • enhance service offerings
    • explore international markets

    Lucid Motors

    Company Lucid Motors
    Founded 2007
    Market Cap (September 2024) $8.91 Billion
    Origin USA
    Website lucidmotors.com
    Top EV Companies - Lucid Motors
    Top EV Companies – Lucid Motors

    Lucid Motors was established with the vision of redefining the luxury automotive experience. The company aims to create high-performance electric vehicles. These vehicles not only meet but exceed the expectations of discerning consumers. They emphasize a commitment to environmental responsibility and cutting-edge design.

    The flagship model, the Lucid Air, exemplifies the brand’s dedication to excellence. It features impressive specifications such as

    • a range of over 500 miles on a single charge,
    • rapid acceleration capabilities, and
    • spacious, luxurious interior equipped with state-of-the-art technology.

    The vehicle’s design integrates aerodynamics and efficiency, showcasing a sleek silhouette. The company differentiates itself from traditional luxury automakers by focusing only on electric powertrains, thereby appealing to environmentally conscious consumers who seek high-end vehicles without compromising on performance or style.

    Xpeng Motors

    Company Xpeng Motors
    Founded 2014
    Market Cap (September 2024) $8.26 Billion
    Origin China
    Website xpeng.com
    Top EV Companies - Xpeng Motors
    Top EV Companies – Xpeng Motors

    Xpeng Motors, founded in 2014, has emerged as a significant player in the electric vehicle industry. It is driven by a vision to create intelligent and connected vehicles. These vehicles enhance the driving experience. The company was established in Guangzhou, China.

    The company is renowned for its cutting-edge technology and advanced smart features such as:

    • autonomous driving capabilities, 
    • intuitive user interface, 
    • robust suite of connectivity options. 

    Xpeng’s vehicles are equipped with proprietary software and hardware that enable over-the-air updates, ensuring that customers benefit from the latest advancements in automotive technology.

    In recent years,it has expanded its footprint beyond the Chinese market. This expansion is characterized by: 

    • establishment of local partnerships,
    • introduction of its flagship models, 
    • commitment to meeting the diverse needs of global consumers.

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    FAQ

    What are the top EV companies in the world?

    The top EV companies are Tesla Inc., Ford Motor Company, Hyundai Motor Company, Lucid Motors, General Motors, NIO Inc., Rivian Automotive etc.

    Who is the No. 1 EV company?

    Tesla is considered the market leader in the EV sector. The American company was founded in 2003 by multi-billionaire Elon Musk.

    Which country is leading in EVs?

    The country which is leading in terms of the production of EVs is China. China produces more than 60% of EV batteries around the world.

    What is the full form of BYD?

    Build Your Dreams also known as BYD is a China-based multinational high-tech company. BYD Auto is one of the leading EV manufacturers around the world.