EV Update Media – Electric Vehicle News & Battery Industry Updates

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Month: November 2020

Ather Energy Raises Rs 260 Crore In Fresh Funding

Ather Energy has recently raised an investment of USD 35 million (Approx Rs 260 crore) in its latest round of Series D that was led by Sachin Bansal’s investment of USD 23 million. The Bengaluru-based start-up was one of the…

GM Tests Its Ultium Battery System For Cruise Origin Autonomous Electric Vehicle

GM has started testing its Ultium battery system, which is going to power its next generation of electric vehicles, for the Cruise Origin autonomous electric vehicle. Earlier this year, GM Cruise, General Motors’ autonomous driving subsidiary, unveiled its self-driving electric…

EV Makers Oppose GST Cut On Hybrid Vehicles

The Society of Indian Automobile Manufacturers (Siam) may drop a proposal to cut goods and services tax (GST) on strong or full hybrid vehicles in its final budget recommendations to the government following stiff resistance from manufacturers of battery electric…

Hyundai Mobis Increasing Investment In Future Auto Parts

Hyundai Mobis has made investments in key auto parts such as brakes, airbags, lamps, steering systems and automotive electronics since 1999, when Hyundai Motor Group reorganized itself. Despite the steady investments, the after-sales service subsidiary of the group is yet…

BMTC To Lease 300 Non-AC Electric Buses

Citing losses incurred due to the COVID-19 pandemic, the Bangalore Metropolitan Transport Corporation (BMTC) has scrapped its plan to introduce air-conditioned electric buses in its fleet. Instead, it will lease 300 non-AC electric buses. The Corporation floated a fresh tender…

Volvo To Build Electric Motors In-House For Its Next-Generation EVs

Volvo makes no secret of its plans to become a fully electric carmaker and wants to be able to build as many of the necessary components in-house. The company has announced significant investments to “allow for the in-house design and…

Okaya Installs Over 500 Electric Vehicle Charging Solutions Across India

Energy storage solution provider Okaya has said it has augmented charging infrastructure in the country and has so far installed over 500 chargers for electric vehicles across the country. Besides this, the company has over 10,000 chargers installation orders with…

Gujarat Seeks Manufacturers For 5,000 E-Rickshaws And 10,000 Electric Two-Wheelers

The Gujarat Energy Development Agency (GEDA) has invited bids for manufacturers to market and distribute 5,000 battery-operated three-wheelers with lithium-ion batteries in the state. The tender has been floated under the GEDA’s battery operated vehicles subsidy program 2020-21. The contract…

No Registration Fee Or Road Tax For First 200,000 Electric Two-Wheelers In Telangana

The Government of Telangana has released its new Electric Vehicle (EV) and Energy Storage Policy for 2020-2030, announcing subsidies, policy measures, and other incentives to turn the state into an EV and energy storage system (ESS) development and manufacturing hub….

EV Battery Tech Closes Acquisition To Bring Patented BMS Technology To North America, South America, Europe And Africa

Extreme Vehicle Battery Technologies Corp. (“EV Battery Tech”) announced that it has signed a marketing and development agreement with Jiangsu RichPower New Energy Co. Ltd. (“RichPower”) and Intelligent Battery Technologies (“IBT”) and closed the acquisition contemplated in its distribution and…