LG Chem To Spin-Off World’s Largest Electric Car Battery Business
LG Chem plans to spin off its lucrative electric vehicle battery business, the world’s largest, to fund an expansion of its facilities through a potential initial public offering as it benefits from a surge in orders. The South Korean company,…
ADAS And Autonomous Driving Components Market Size Worth To Be USD 118.03 Bn By 2027
The global ADAS and Autonomous Driving Components Market size was valued at USD 24.05 billion in 2019 and is anticipated to reach USD 118.03 billion by 2027 at a CAGR of 21.9%. Factors affecting the increasing demand for the Advanced…
IIT-Hyderabad Incubated Electric Vehicle Startup PURE EV Launches In Nepal – Eyes South East Asia Expansion
IIT Hyderabad-incubated startup PURE EV has entered its first international market. The startup will be launching its premium model ‘EPluto7G’ in Nepal by October 2020 as part of its international expansion plans. According to a statement released by the company,…
Toyota To Invest Rs 2,000 Crore In India
Toyota Kirloskar will invest Rs 2,000 crore in developing vehicle technology and electric components in India, a top official said hours after a news article claimed the carmaker was bringing all new investments in the country to a halt. “Absolutely!…
Pune Announces Tender For 150 Electric Buses Under FAME-II Program
Pune Mahanagar Parivahan Mahamandal Limited (PMPML) has issued a tender inviting bids for 150 electric buses. The buses should be 12-meter-long, air-conditioned, and compliant with Bus Rapid Transit. The last day for the online submission of technical and price bids…
Groupe Renault, Partners Develop XCEED Blockchain Project To Certify Compliance Of Vehicle Components
Groupe Renault has developed the XCEED (eXtended Compliance End-to-End Distributed) blockchain project to certify the compliance of all vehicle components, from design to production. Designed and implemented in collaboration with leading automotive industry players, this tool enables greater responsiveness and…
UK Government Announces Grand Plan To Encourage EV Adoption
The government has announced more than £20 million of funding for schemes designed to increase the uptake of electric cars. Around £12 million will be spent on research projects into battery technology, while the government is also plotting other incentives,…
Chinese Battery Maker Plans Factory In France
Chinese renewable energy group Envision is looking to build a battery factory in France to supply the growing electric vehicle market, a French newspaper reported. The company, which has battery production plants in Japan, the U.S., Britain and in China,…
Kandi Announces Establishment Of China Battery Exchange Technology Co., Ltd.
Kandi Technologies Group, Inc. announced the establishment of a wholly-owned subsidiary for its battery swapping services: China Battery Exchange Technology Co., Ltd. By establishing the China Battery Exchange Technology Company, Kandi can better monetize its dozens of patents in the…
Tencent, Others To Buy $516.12 Million Worth Shares In China Evergrande New Energy Vehicle
China Evergrande New Energy Vehicle Group Ltd said investors including Tencent Holdings Ltd and Sequoia Capital will buy HK$4 billion ($516.12 million) worth of company shares in a share sale. The electric vehicle unit of property developer China Evergrande said…
