EV Update Media – Electric Vehicles and Battery Industry News & Updates

A platform specially designed and developed to keep the industry updated with the right Knowledge, News and Information about developments happening in the Electric Vehicles & Battery sector

Month: May 2020

Blockchain Based EV Charging & Grid Integration Market To Exceed USD 1 Billion By 2029

Traditional energy stakeholders increasingly are experimenting with blockchain technology. Whether in house or in partnership with an industry consortium or energy blockchain startup, EV charging and integration use cases have emerged as technologically sound and feasible within the regulatory and…

Hyundai Mobis Develops World’s First Virtual Engine Sound System For EVs

Hyundai Mobis, the auto parts supplier of the Hyundai Motor Group, claims to have developed the world’s first virtual engine sound system called Acoustic Vehicle Alert Sound using the grill cover of the electric vehicle. The system was created by…

Skoda Enyaq Electric SUV Revealed In Camouflage

Skoda’s first production model based on the MEB modular electric car platform has been revealed in camouflaged pictures. Skoda says is Enyaq SUV will be ideally suited for long-distance journeys as it boasts long ranges of up to 500 km in the WLTP cycle…

Israeli Electric Powertrain Systems Developer IRP Raises $17M To Advance E-Mobility Tech

IRP Systems, the leading provider of innovative electric powertrain products for e-mobility, announced today that it has raised $17M in Series B funding. The round was led by Chinese VC Fosun RZ capital, with additional funds provided by JAL ventures, previous investor…

The Global Wireless Electric Vehicle Charging Market Is Predicted To Grow To USD 172.6 Million by 2025

From USD 7.0 million in 2019, the global wireless electric vehicle charging market is predicted to grow to USD 172.6 million by 2025, registering a CAGR of 59.9% during the forecast period (2020–2025). Increasing pollution in the air in overcrowded cities leads…

Okaya Power Collaborates With CharIN E.V.

Okaya Power has announced to have become a core member of the Charging Interface Initiative (CharIN E.V.), an open coalition of world-class firms within the electric vehicle (EV) industry. The move is aimed at supporting the Combined Charging System (CCS)…

China Invests In EV Charging Infrastructure To Offset Coronavirus Economic Slump

The response by the Chinese and US governments to the economic slowdown caused by the coronavirus could not be more different. The US is shoveling truckloads of taxpayer money to wealthy corporations, especially oil and gas companies. China is investing…

Workhorse Joins Small UAV Coalition As An Associate Member

Workhorse, an American technology company focused on providing sustainable and cost-effective electric vehicles to the last mile delivery sector, has joined the Small UAV Coalition as an Associate member. The Small UAV Coalition is a partnership whose Board members include…

Wallbox Completes Second Tranche Of $25M Series A Investment

Wallbox, the smart EV charging company, today announced the closing of a $13 million USD (€12 million) second tranche of Series A investment in early March, bringing the total Series A round to $25 million USD (€23 million). The round…

Severn Trent Electrifies Operating Fleet By Installing 352 EVBox Charging Points

Severn Trent, responsible for water supply management, as well as waste water treatment and disposal, is working toward having a fleet of vehicles that are entirely electric by 2030. This is one of the many reasons why EVBox was selected…