Month: July 2020

China’s Electric SUV Maker Li Auto Raises $1.1 Billion In US IPO

Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq. The Beijing-based company is…

India Eyes FTAs With Latin America To Support Domestic EV Plan

India proposes a major shift in its foreign trade policy, that will explore free trade agreements (FTAs) only with countries that can support its ‘Aatmanirbhar Bharat’ mission and provide it necessary raw materials, critical components and equipment required to support…

Mobility Tech Sees VC Interest Despite Global Immobility

At a time when human mobility has been severely curtailed by a global pandemic, VC funds are witnessing an opportunity in the challenge. A new report on funding activity during the second quarter of 2020 indicated that micro-mobility was one…

EIB And Endesa Partner To Install 8,500 EV Charging Points In Spain

The European Investment Bank and Endesa are joining forces to promote electric mobility in Spain. To this end, the EU bank will provide the Spanish company with €35 million in financing for the installation of electric charging stations across the…

With Verkor, France Has Another Giga-Battery Factory Project

Lithium battery cells will be rolling off a production line at a 16GWh-capacity factory in France in 2023, with manufacturing startup Verkor then planning to scale up to 50GWh “in line with market dynamics”. Suitable land for the first Verkor…

Audi, EnBW To Turn Electric Car Batteries Into Grid Support Tools

German carmaker Audi and utility EnBW are setting up an electric car battery operation at EnBW’s Heilbronn plant to build scaleable storage facilities by the end of this year, drawing on retired batteries to help power grids. Electric vehicle battery…

Hero Electric Partners Autovert Technologies To Introduce Subscription-Based Financing Plans

Hero Electric, a leading two- and three-wheeler electric vehicle maker has partnered Bangalore-based fintech start-up Autovert Technologies for seamless alternative ownership models for Hero Electric’s new customers. Under this partnership, Autovert will allow Hero Electric customers to avail for subscription-based…

Mitsubishi Announces Large-Scale Investment In New EV Kei Cars

Mitsubishi announced that a large-scale investment is coming to its Mizushima Plant in Kurashiki city, Okayama Prefecture, Japan, to produce new electric kei-cars. The company was one of the first established carmakers to jump into the EV bandwagon over 10…

Nissan Accepting Electricity As Payment For Parking

Nissan is giving customers yet another reason to love their electric cars: the ability to pay for parking with electricity. In a global first, electric vehicle drivers will be able to discharge power from their car’s battery pack to pay…

Kandi Brings America’s Most Affordable Electric Vehicles To Market

Kandi America, the U.S. subsidiary of Kandi Technologies Group, Inc., an international automotive manufacturer, announced today its formal launch of the most affordable electric vehicles (EVs) on the U.S. market, with an initial focus on the Dallas-Fort Worth metroplex. In…