China To Build More Innovative, Reliable Supply Chains
China will step up and push to build more innovative, higher value-added, and reliable industrial and supply chains, as part of the nation’s broader push to help maintain the resilience and stability of global supply chains, a senior official said….
Europe Leans On Asia For ‘Homegrown’ EV Batteries
Europe’s drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market. With the notable exception of Sweden’s Northvolt, some startups…
BYD Delivered A Record 217,816 EVs In October, Up 169% From Last Year
BYD said on Thursday that it sold 217,816 electric vehicles in China in October, jumping by over 169% year-on-year, and representing an increase of 16,557 units from a month earlier. Vehicle deliveries totaled nearly 1.4 million units from January to…
India’s TVS Motor Misses Q2 Profit Estimates On Weak Exports
Indian two-wheeler maker TVS Motor Company Ltd (TVSM.NS) reported a lower-than-expected rise in second-quarter profit on Friday, hurt by higher expenses and an economic slowdown in a few of its key markets. The company’s profit rose 46.8% to 4.07 billion…
EV Adoption In India Is Being Fueled By Innovation And Investment
The future of mobility is approaching a tipping point. Whenever oil prices rise or climate change is addressed and discussed, EVs are invariably considered as a part of the solution. With several new Indian enterprises entering segments of the EV…
Servotech Secures DC Fast EV Charger Contract From BPCL
Servotech Power Systems Ltd, an NSE-listed EV charging solutions manufacturer, has secured a major project from Bharat Petroleum Corporation (BPCL) to supply and install 800 units of DC fast EV chargers at different locations across the country in the next…
Tesla Price Cuts Are Resulting In Cancellations For China EV Brands
Tesla’s recent price cuts in China are reportedly resulting in “significant cancellations” for Chinese EV brands. However, deliveries are down month-to-month in October. Last month, Tesla announced some significant price cuts for the Model 3 and Model Y in China….
Geely’s Zeekr Plans Electric Vehicle Sales In Europe In 2023
Zhejiang Geely Holding Group’s (GEELY.UL) premium electric car business plans to sell the first electric vehicle produced under the Zeekr brand in Europe next year, Zeekr’s CEO said. Zeekr joins a growing list of Chinese automakers looking to launch…
Gogoro and Zypp Electric Announce Strategic Partnership in India to Accelerate the Electric Transformation of Two-Wheel Last Mile Deliveries
Gogoro Inc. a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced a strategic B2B initiative and partnership with Zypp Electric, India’s leading EV-as-a-Service platform. Together, the companies are focused on accelerating the…
Indian Army Collaborates With TATA Power To Setup Electric Vehicle Charging Points At Delhi Cantonment
The Indian Army through it’s ‘Go-Green Initiative’ has collaborated with TATA Power, India’s largest integrated utility, to setup 16 charging stations for electric vehicles (EV) at various locations in Delhi Cantonment. Inauguration of charging stations was carried out today by…
