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

Year: 2023

Chinese EV Startup Pai Mobility Presents TS3 Electric Scooter

China is undeniably one of the leaders when it comes to electric vehicle innovation, spanning the domains of cars and motorcycles. This is evident in the continuous influx of new electric vehicles hitting the market, a trend that shows no…

Bolt.Earth Secures $20 Million In Funding To Boost The EV Ecosystem

Bolt.Earth, a prominent Indian electric vehicle (EV) infrastructure and software company, has successfully concluded a funding round, raising a substantial $20 million in investment. The funding initiative was led by a consortium of investors, which included both long-standing and new…

AUTOMOBILES VinFast To Invest $400m On India, Indonesia EV Factories

VinFast aims to build factories in India and Indonesia, while anticipating a $1.2 billion cash infusion from its founder and others as the Nasdaq-listed electric vehicle producer hopes to reach 50 markets by the end of 2024. Vietnam-based VinFast sold…

Nissan’s Sales Woes In China Worsen As Slow EV Shift Proves Costly

Japan’s hesitancy toward EVs is taking its toll on automakers in China. Nissan’s sales are plummeting after failing to keep up with EV leaders like Tesla and BYD. Slow EV transition is costing Nissan in China Nissan is struggling to…

Tata Motors Sells 37,961 EVs In H1 FY2024, EV Share Of PVs Rises To 13.5 Percent

Tata Motors’ passenger vehicle (PV) sales may have seen a decline for two straight months in August (-3%) and September (-5%) but its electric vehicle (EV) sales are on a roll. In the first six months of FY2024, the company…

2024 Kawasaki Ninja E-1 And Z e-1 Electric Motorcycles Announced

Kawasaki has been clear in its intention to bring electric motorcycles into its streetbike lineup as soon as possible and today it made good on that promise by announcing two all-new electric motorcycles: the Ninja e-1 and Z e-1. Designed…

BYD Inches Closer to Global EV Dominance As Tesla Sales Dip

Tesla is not done cutting prices in order to remain competitive in the cutthroat Chinese EV market as it just lowered the Model Y tag by the equivalent of US$1,900 there, and continued a Model 3 insurance incentive for next…

The 8.5 Tonne Electric Truck by Triton EV Slated For mid-November launch in Indian And Middle Eastern Markets

Triton EV, one of the leaders in clean tech smart mobility for the logistics sector plans to firmly establish their presence in the Indian and Middle Eastern markets with the introduction of an 8.5 Ton EV Truck by mid-November. This…

Significant Growth in India’s Electric Vehicle Export Market

The export market for electric vehicles (EVs) in India has experienced significant growth, increasing by 246.3% in the first seven months of 2023. This surge in exports, from Rs 7,988.62 lakhs in 2022 to Rs 21,391.40 lakhs in 2023, can…

Decrease in Chinese Demand For Electric Vehicles Impacts Lithium Stocks

Shares of lithium stocks are experiencing a downward trend as concerns arise regarding a decrease in Chinese demand for electric vehicles. The price of lithium has been steadily decreasing since the latter part of last year, and this decline has…