EV Update Media – Electric Vehicle News & Battery Industry Updates

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Month: May 2021

Daimler Truck And CATL Expand Global Battery Partnership

Daimler Truck and Contemporary Amperex Technology Co. Limited (CATL) are expanding their existing partnership related to batteries for electric trucks, started in 2019. The original deal was about CATL’s lithium-ion cell modules for upcoming Daimler’s series-produced electric trucks (Mercedes-Benz eActros,…

RevFin And Aeris Join Hands For IoT-Enabled EV Vehicles

RevFin, a digital consumer lending platform underwriting financially excluded and underserved segments, has entered into a strategic partnership with Aeris Communications, India, an Internet of Things (IoT) technology partner for enterprises. As part of this association, over the next 4…

ElectReon To Test Its Electric Vehicle-Charging Highway In Italy

The Israeli company ElectReon Wireless that specializes in inductive charging of electric vehicles announced that it would integrate its wireless technology to charge two Stellantis vehicles and an IVECO bus while driving in Brescia, Italy, as a part of the…

Farasis And Geely Establish JV For Geely Batteries

In China, the US battery manufacturer Farasis is establishing a joint venture with the Geely automotive group for the research and development as well as production and sale of lithium-ion batteries for electric vehicles and other applications. Farasis is already…

Magenta Power Raises Rs.120 Cr From Indian American Philanthropist Kiran Patel

Magenta EV Solutions, a startup associated with developing changing devices for electric vehicles, announced raising ₹120 crore from Kiran C Patel, an Indian American cardiologist and philanthropist. In 2020, Magenta had raised a pre series funding from JITO Angel Network…

SK Innovation, Ford To Launch Electric Vehicle Battery Joint Venture In US

South Korean battery maker SK Innovation and American automaker Ford Motor are set to announce a battery joint venture in the United States to ensure a stable supply of batteries for electric vehicles, industry sources said on Thursday. The two…

Gogoro Strikes Deal With Yadea And DCJ To Build A Battery-Swapping Network In China

Less than a month after announcing a partnership with India’s largest two-wheeled vehicle maker, Gogoro is taking another big step in its global expansion plans. This time the market is China, where Gogoro’s technology, including its swappable smart batteries, will…

PLI Scheme To Help India Develop As Manufacturing Hub For EV Cells

India approved a production linked incentive (PLI) scheme with an outlay of ₹18,000 crore to promote manufacturing, export and storage of lithium-ion cells, essential for developing electric vehicles. Through this scheme the Union government aims to install manufacturing capacity of…

CESL Places Order For 300 Tata Electric Vehicles With 250 Km Plus Range

Convergence Energy Services Limited (CESL), a subsidiary of Energy Efficiency Services Limited (EESL) will procure 300 electric vehicles from Tata Motors. A Letter of Award in favour of M/s Tata Motors has been issued to acquire 300 electric vehicles that…

GM, LG Form Partnership To Deliver ‘Game Changer’ Battery Scrap Recycling

General Motors Co. and battery cell manufacturing partner LG Energy Solution are partnering with a Canadian company to recycle battery cell manufacturing scrap — a move that aims to achieve environmental goals and cut costs. Ultium Cells LLC, a joint…