EV Update Media – Electric Vehicle News & Battery Industry Updates

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Month: February 2022

Bharat Petroleum Launches EV Fast-Charging Corridor On The Chennai – Trichy – Madurai Highway

Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’ and a Fortune Global 500 Company, has launched EV Fast-Charging Corridors on Chennai – Trichy – Madurai highway, with the rollout of CCS-2 DC Fast chargers at 10 of its conveniently located fuel…

Biden Administration Has Announced $5 Billion In Funding For Electric Vehicles

The U.S. Departments of Transportation and Energy announced nearly $5 billion that will be made available under the new National Electric Vehicle Infrastructure Formula Program established by the Bipartisan Infrastructure Law, to build out a national electric vehicle charging network,…

Britishvolt Receives £40 Million In Funding For A Battery Facility For EVs

The UK startup Britishvolt has gained new investment worth £40m from Glencore in the latest stage in its ambitious plan to build one of the UK’s few large-scale battery factories. It is aiming to treble its funding with £200m in…

Capital A Establishes A $10M Fund To Boost India’s EV Ecosystem

Capital A, a venture fund for seed to early-stage meaningful start-ups has set up a $10-million (around ₹75 crore) cleantech fund “Evolve” to back funding for electric vehicle-related startups in India The fund, which has been christened as Evolve, will…

Hexagon Purus To Supply Hydrogen Cylinders To Reliance Industries

Hexagon Purus, a world-leading supplier of zero-emission mobility solutions, has received its first orders for Type 4 high-pressure hydrogen cylinders from Reliance Industries Limited (“Reliance”), India’s largest private sector company. The hydrogen cylinders will be used as prototypes in pilot…

Lords Automotive Partners With Kerala Govt To Build An EV Production Facility

Lord’s Mark Industries has set up a joint venture with the Kerala government undertaking Kerala Automobile Ltd (KAL) for electric vehicle manufacturing. The joint venture’s first production facility will come up in Kannur via an investment worth ₹20 to ₹30…

Ashok Leyland Transfers It’s EV Biz To Switch Mobility For 240 Crore

Ashok Leyland has completed the sale of its electric vehicle (EV) business to Switch Mobility Automotive Ltd (SMAL) for a consideration of ₹240 crore. In November 2021, Ashok Leyland board had approved the sale of the EV business to SWAL…

US Customers Who Buy A 2022 BMW EV Will Get Two Years Of Free 30-minute Charging From Electrify America

Charging network Electrify America has just announced a collaboration with BMW North America to offer free 30-minute charging sessions to new BMW drivers for two years from the date of their purchase. The complimentary charging will begin in March to…

Fisker Ocean All-electric SUV Will Make Its European Debut at Mobile World Congress

Fisker will debut its Fisker Ocean all-electric SUV to the European market at Mobile World Congress in Barcelona. The five-passenger Fisker Ocean Sport features a range of 250 miles with a starting price of $37,499. The top trim Fisker Ocean…

ABB E-mobility Increases Majority Stake in Chinese EV Charging Provider Chargedot

ABB had previously acquired a 67 percent stake in Chargedot in March 2020. The additional investment is part of ABB E-mobility’s growth strategy and further strengthens ABB’s position in the rapidly growing Chinese e-mobility market. Financial terms of the transaction…