EV Update Media – Electric Vehicles and Battery Industry News & Updates

A platform specially designed and developed to keep the industry updated with the right Knowledge, News and Information about developments happening in the Electric Vehicles & Battery sector

Month: July 2023

Audi In Talks To Buy Chinese Automaker SAIC’s EV Platform

Germany’s Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share.  The move, coming as sales…

Fortum Rebrands EV Charging India Biz, Aims To Cater To One-Third EVs On Roads By 2030

Finland-based energy solutions company Fortum, which forayed into India’s EV charging infrastructure space in 2017, has rebranded its ‘Fortum Charge & Drive’ EV charging business. The company is switching to a new brand identity – Glida – and is in…

The SNB Capital EV Batteries Fund Succssfully Acquired A Stake In “SK ON” Amounted At USD 100mln

SNB Capital announces its successful acquisition of a stake in the Korean batteries manufacturer “SK ON” worth USD 100 million through its “SNB Capital EV Batteries” fund; a closed-end sharia compliant fund. SK ON is considered one of the largest…

Ampere Electric Scooter Crosses 2 Lakh Customers Milestone

Greaves Electric Mobility Private Limited (GEMPL), the E-mobility division of Greaves Cotton Limited, has achieved more than 200,000 secondary sales of its “Ampere” brand electric 2-wheelers as of the first quarter of fiscal year 2024. This achievement highlights Ampere’s commitment…

Minda Corp Bags Rs 750 Crore Order For EV Chargers

Minda Corporation (Minda Corp), the flagship company of Spark Minda has secured a significant contract from a leading OEM to produce battery chargers for electric vehicles.  The lifetime value of the order is Rs 750 crore, which it says underscores…

Power Cut At EV Charging Station In Telangana Leaves E-Bus Passengers Hot Under The Collar

Power outage at an electric vehicle charging station led passengers aboard a Telangana State Road Transport Corporation (TSRTC)-run bus to wait longer than usual for the vehicle to get charged, and even sweat it out after the air conditioning did…

Okaya EV Partners With 12 Finance Companies For Low-Interest Financing

Okaya EV, an electric vehicle manufacturer, has partnered with 12 renowned financial solution providers, including HDFC, Axis, IDFC, Loan Tap, Bike Bazzar, and others, to provide customers with attractive financing alternatives for its electric vehicles. The partnership aims to provide convenient and hassle-free…

Andhra Pradesh CM Inaugurates Centre Of Excellence For Electric Vehicles Skills And Training

As part of developmental activities in the YSR Kadapa district, the Chief Minister, Y S Jagan Mohan Reddy, inaugurated the Centre of Excellence for Electric Vehicle Skills and Training that was set up by EV Masterclass, NREDCAP, and APSSDC at the skill development centre…

GM Drops Cadillac Lyriq Prices In China Following VW’s ID.3 Offer

General Motors is slashing the prices of its Cadillac Lyriq by almost 14% amid heightening competition in China’s EV market. The move comes days after Volkswagen introduced a “historical low price” offer on its ID.3 electric car.  According to the company’s website…

TVS To Launch An All-Electric Scooter on August 23, Details Inside

TVS Motors, the renowned two-wheeler manufacturer, is all set to create waves in the electric vehicle market with its upcoming launch.  In an exciting turn of events, TVS has sent out an exclusive invitation for an electrifying and ground-breaking “electric-flying” launch event….