India’s EESL To Invest $5 Million In Thailand’s Electric Vehicle Manufacturer
India’s Energy Efficiency Services Limited (EESL) would invest in SWAG EV, an electric vehicle (EV) manufacturer in Thailand, in a bid to drive convergence – an emerging concept bringing together electric mobility, renewable energy, and carbon finance. SWAG is an…
Ideanomics Invests In California-Based e-Tractor Company Solectrac
Ideanomics announced that it has acquired 15% of California-based Solectrac, Inc. for the consideration of $1.3 million. Solectrac develops, assembles and distributes 100% battery-powered electric tractors—an alternative to diesel tractors—for agriculture and utility operations. With this investment in Solectrac, Ideanomics…
LG Chem To Expand EV Batteries In Europe And North America
The South Korea-based organisation anticipates a further increase in its battery sales and profit during the fourth quarter after posting record quarterly earnings due to the surging demand for electric vehicle (EV) batteries. In a press release, Dong Seok Cha,…
Tesla Will Leave ‘Skateboard’ Behind & Move To Structural Battery Packs
Tesla’s first vehicle wasn’t a ground-up electric car. In fact, the original Tesla Roadster was essentially a gas car converted to electric. As we’ve said time and time again, this isn’t the best way to do it. We’ve seen many…
Tesla Captures Almost 80% Of South Korean Imported EV Market
Korean media reports that during the first nine months of this year, Tesla sold in South Korea 10,518 electric cars, which is a dominant number in the imported EV segment – over 79%. The total number is 13,261, and only…
Industrial Segment Of Global Lithium-Ion Battery Market Could Exceed $24 Billion By 2027
The lithium-ion batteries have become intertwined with all facets of modern life. The lithium-ion battery is used in electronic devices such as smartphones, power tools, digital cameras and especially in the ever growing Electric Vehicle (EV) marketplace. Hence, the demand…
GM Reveals $2B Investment, Moves GMC Acadia Production To Lansing Delta Twp. Assembly
General Motors said it is investing $2 billion in six U.S. assembly plants and will be converting its Spring Hill, Tennessee, assembly plant to become the company’s third factory to build electric vehicles. As part of that, GM said it…
Spiffy Expands Services Into EV Charging
Just two weeks after announcing partnerships to help with vehicle lifecycle needs like trade-in valuations, insurance and warranty/repairs, the company has lined up another collaboration; this time aiming to solve a pain point in the electric-vehicle space. Spiffy said it…
China’s BYD, Japan’s Hino Announce Electric Truck Venture
CHINESE electric car brand BYD Auto and Japanese truck maker Hino Motors said Wednesday they are jointly setting up a company to develop battery-powered trucks and buses. The venture is one of a series of tie-ups between Chinese and foreign…
Intelligent Power Module Market Revenue To Cross USD 2.5 Bn By 2026
According to a latest report, the market valuation of intelligent power module will cross $2.5 billion by 2026. The growing adoption of intelligent power modules in power converters, electric motor drives for aircraft will fuel the market growth over the…
