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

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Month: November 2023

China’s Nio Teams up with Geely on Auto Battery Swapping

Chinese automakers Nio (9866.HK) and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development. The deal makes Geely, whose brands…

E-bus Sales in India will go up to 11-13% by FY25

ICRA points out that the government has sought to boost e-bus adoption through bid aggregation under tenders floated by Convergence Energy Services Limited (CESL). Despite successful OEM participation in the initial tenders, CESL’s third tender faced limited participation due to…

Simple Dot One Electric Scooter Coming this December 15

Bengaluru-based startup Simple Energy has announced that it will be launching the Simple Dot One electric scooter on December 15, 2023. With a price tag of under Rs 1 lakh, the Simple Dot One will directly compete with the Ola…

This Chinese EV Has A Giant TV Inside And Can Measure Disease Risks

The Chinese EV industry is booming. Now Skyworth – the automotive subsidiary of Skywell, an electronics company from China – wants to get in on the game with the new Skyhome, a sleek-looking sedan that will go into production next…

India’s OLA Electric Service Challenges as Demand for Electric Scooters Surges

Bhavish Aggarwal, often regarded as India’s counterpart to Elon Musk, is on a mission to accelerate the adoption of electric scooters and propel India toward a greener future. Aggarwal’s company, Ola Electric, often likened to Tesla in the West, is…

Electric Vehicle Maker Lion Electric Cutting 150 Jobs to Reduce Costs

The Lion Electric Co. says it is cutting 150 jobs or about 10 per cent of its total workforce in a move to reduce costs and improve its ability to reach its profitability objectives. Lion Electric chief executive and founder…

China-made Tesla EVs Grab 1st Place in Imported EV Standings in Korea

China has overtaken Germany as the top exporter of electric vehicles (EVs) to Korea. Korea’s imports of Chinese EVs totaled US$172 million in October, according to the Korea International Trade Association (KITA). That’s more than double the amount of Korea’s…

ChargeZone to Raise USD 125 m to Boost EV Charging Ecosystem, Plans Partnership with OEM’s

EV charging infrastructure player ChargeZone is planning to tie up with major automakers of India to boost EV infrastructure country-wide. Kartikey Hariyani, Founder & CEO of ChargeZone told ETAuto that the company will be signing an MoU with Volvo-Eicher, Ashok…

BluSmart Completes 10 Million Emission-Free Rides in India

BluSmart, an Indian EV ride service and EV charging superhub infrastructure operator has announced the completion of 10 million emission-free rides in less than five years after commencing operations in India. BluSmart began operations in 2019 and has traversed over…

Nissan will Invest Over $1 Billion to Make EV Versions of its Best-selling cars in the UK

Nissan will invest more than 1 billion pounds ($1.3 billion) to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing…