Month: July 2021

New Maharashtra EV Policy Draft Announced: EV Prices Set To Undergo Reduction

To complement the Faster Adoption and Manufacturing of Electric Vehicle II (FAME II) policy, the government of Maharashtra has announced the new Maharashtra EV Policy 2021. The new EV policy looks to accelerate the adoption of electric vehicles in the…

A Tweak In The Battery Chemistry Could Double Electric Vehicle Range

Researchers at the Pacific Northwest National Laboratory (PNNL) have made a chemical breakthrough that they believe will allow electric vehicles batteries to hold almost twice the energy of their traditionally-used lithium-ion counterparts. The solution in question is a lithium-metal chemistry…

EESL Subsidiary To Empanel OEMs To Supply E-Rickshaws Across India

Convergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has issued an expression of interest (EoI) to empanel original equipment manufacturers (OEMs) to supply electric three-wheelers (e-rickshaws) in India. The scope of work would include…

Sumitomo To Invest $424 Million In Cathode Material Production

The Japanese raw materials company Sumitomo Metal Mining has announced its intention to invest 47 billion yen (about 424 million USD) in expanding its production capacities for cathode materials. The company cites the car industry’s growing demand for batteries as…

Okaya Group’s EV Division Forays Into Electric Two-Wheeler Business

Energy storage solutions provider Okaya Group’s EV arm announced its entry into the electric two-wheeler business with the launch of a range of vehicles. Besides, the company which already has set up a two-wheeler manufacturing plant in Baddi (HP) and…

Electric Scooter-Maker Ather To Expand Capacity At Its Hosur Plant

Bengaluru-based electric two-wheeler manufacturer Ather Energy is set to expand the capacity of its new plant in Hosur from 110,000 units per annum to 500,000 by the end of next year. It will invest Rs 650 crore in the new…

Hyundai Motor To Invest $100 Mln In Battery Startup SolidEnergy Systems

South Korea’s Hyundai Motor Co has invested about $100 million to buy a stake in a lithium metal battery startup, according to local news. “As we have been investing in various companies related to electrification, our investment in SolidEnergy is…

Digital Lender “Prest Loans” Forays Into Electrical Vehicle EV Financing Segment Collaborates With Eqaro Guarantees And Terra Motors

Prest Loans, a Delhi-based, fast-growing digital lending company has forayed into the financing of electrical vehicles (EVs). It has collaborated with a leading Japanese electrical vehicle manufacturer, Terra Motors offering quality products and with Mumbai-based Eqaro Guarantees for providing guarantees…

India Plans To Set Up Institute To Fund Electric Vehicles-Focused Businesses

The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, Union minister Nitin Gadkari said….

Valeo And Omega Seiki Join Hands To Accelerate Two And Three Wheelers Electrification In India

Valeo, the world leader in automotive electrification technology, and Omega Seiki Mobility (OSM), part of Anglian Omega Group, have signed a Memorandum of Understanding (MoU), through which Valeo will provide the electric powertrains for OSM Vehicle Range. Valeo will provide…