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

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General Motors JV Launches Baojun Cloud EV In China Starting Under $14K

GM’s joint venture (SGMW) launched the Baojun Cloud electric hatchback on Thursday in China, starting at 95,800 yuan ($13.2K).  SGMW is a joint venture between General Motors, SAIC, and Wuling Motors in China. The company sells vehicles under the Wuling and…

EVs Power BMW’s March Over Mercedes In July

Electric cars have led the charge for BMW in July to go ahead of arch-rival and unchallenged market leader Mercedes-Benz in monthly retail number for the first time in several years.  BMW clocked 1,097 units in registrations during July, a year-on-year…

Global Electric Two-wheeler (E2W) OEMs Competitive Landscape Report 2023-2030

Increasing Connected Features Attract Commuter, Leisure, and Last-mile Delivery Consumers and Create New Opportunities  This report focuses on the profiles of original equipment manufacturers (OEMs) active in the global Electric Two-Wheeler (E2W) market. Covering the period from 2018 to 2030,…

Mitsubishi Fuso, Ample To Partner On Battery-swapping Technology For Electric Trucks

Mitsubishi Fuso recently announced that it has signed an agreement with Ample Inc. to begin a collaboration on a pilot project on battery swapping technology for electric trucks in Japan.  The companies say they will collaborate to pair Mitsubishi Fuso EVs…

Tata Motors Leads Indian EV Market With A Market Share Of 72%

By selling 34,000 electric vehicles during the first half of 2023, Tata Motors captured a 72 per cent share in India’s electric vehicle (EV) market, data released by Canalys showed.  The contributors to this included high sales numbers of Tiago,…

Faad Network Leads $500K Funding For BluWheelz, EV Fleet Startup

BluWheelz, an electric vehicle (EV) fleet-as-a-service startup, has successfully raised a substantial seed investment of $500,000. The funding round was led by Faad Network, a well-known early-stage fund in India. Notable participants in this round include LetsVenture, along with a…

Joy E-Bike Becomes Title Sponsor For India Tour Of Ireland T20I Series

Joy E-Bike, an electric two-wheeler brand, has been announced as the title sponsor of the India tour of Ireland T20I series, in a new renewed deal.  As part of the deal, the series will now be known as the Joy…

Nikkei Analysis Finds Tesla Relies On China For 40% Of Battery Supply Chain

An analysis by Nikkei in Japan concludes that nearly 40% of the suppliers for materials used in Tesla’s electric vehicle batteries are Chinese companies. Nikkei sent a letter to Tesla asking about its dependence on Chinese suppliers but said that it had…

China’s Huayou Mulls $20b EV Battery Investment In Morocco’s Sahara

Huayou, a Chinese manufacturer of electric vehicles battery materials, would invest 200 billion dirhams or $20 bln in a plant in Morocco’s region of Laayoune Sakia El Hamra in the Sahara, the regional investment center announced.  A delegation of the…

Eicher, Amazon Collaborate To Deploy Electric Trucks For Middle, Last-mile Deliveries

Eicher trucks and buses, a division of VE Commercial Vehicles Ltd, on Wednesday said it has joined hands with Amazon for electrification of the middle-mile and last-mile delivery operations of the e-commerce major in India.  Under the collaboration, the company is…