Hino Motors, Ree Automotive Partner To Bring New Technologies To Commercial Vehicles
Hino Motors, the Toyota subsidiary that makes commercial vehicles and diesel engines, is forming a strategic alliance with Israeli-based REE Automotive, a manufacturer of modular platforms to support autonomous vehicles. The goal is to combine Hino’s expertise in commercial vehicles…
Electric Vehicle Battery Group Raises $2Bn In Korea’s Biggest IPO In 4 Years
The company priced the offering at Won105,000 per share or the top of a marketed range, according to a stock exchange statement. Demand for shares outweighed the number on offer by 1,883 times as institutional investors bet on growth in…
Honda Promises To Make Only Emission-Free Vehicles In The Future
Honda became the latest automaker to promise an emissions-free future. In his first press conference as CEO of the Japanese automaker, Toshihiro Mibe said the company “will strive” to sell only battery-electric vehicles and fuel cell electric vehicles by 2040…
OLA To Deploy Hypercharger Network With 1 Lakh Charging Points Across 400 Cities
Bhavish Aggarwal-led Ola Electric seems to be on full throttle to turn India into a leading e-scooter market. After setting up the world’s largest e-scooter manufacturing plant over a 500 acre land in Tamil Nadu, the company has revealed its…
EVLOMO And Rojana To Invest $1.06B To Build 8 GWh Battery Plant In Thailand
EVLOMO Incorporated and Rojana Industrial Park Public Co., Ltd. announced plans to setup an 8 GWh Lithium Battery plant in the EEC of Thailand. Together, the companies will invest up to a total of $ 1.06 billion through a new…
India To Spend $200 Million In Next 5-7 Years To Promote Hydrogen Use
India will spend $200 million over the next five to seven years to promote the use of hydrogen, Indu Shekhar Chaturvedi, the top bureaucrat at India’s ministry of new and renewable energy, said at a virtual industry event. India has…
Vikram Handa Fuelling India’s Electric-Car Dreams
Somewhere in Ballari, Karnataka, a new furnace is firing up all of India’s electric-vehicle dreams. “It does look a bit like an oven,” admits Vikram Handa, the owner. But it’s no ordinary one. This furnace is 20 metres long and…
Baidu And Geely Plan $7.7 Billion Smart Car Push
Jidu Auto, a joint venture between Chinese giants Baidu Inc. and Zhejiang Geely Holding Group, aims to spend 50 billion yuan ($7.7 billion) over the next five years on developing smart-car technology. The company intends to hire between 2,500 and…
Daimler Trucks North America, Portland General Electric Open First-Of-Its-Kind Heavy-Duty Electric Truck Charging Site
Daimler Trucks North America (DTNA) and Portland General Electric (PGE) opened to the public today the first-of-its-kind heavy-duty electric truck charging site, called “Electric Island.” Electric Island will help accelerate the development, testing and deployment of zero emissions (tank to…
Chevron, Toyota Pursue Strategic Alliance On Hydrogen
Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Toyota Motor North America, Inc. (Toyota) announced a memorandum of understanding to explore a strategic alliance to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen,…
