Amazon Invests In Electrofuels Company Infinium
Infinium, an electrofuels solution provider, announced the close of a funding round bringing together a consortium of investors including Amazon’s Climate Pledge Fund, Mitsubishi Heavy Industries (MHI), AP Ventures, Neuman & Esser, and the Grantham Environmental Trust. The proceeds will…
Biden Says He Will Convert Federal Fleet To Electric Vehicles
In remarks made at the signing of his Executive Order on Strengthening American Manufacturing, President Biden said that he would replace the federal government’s fleet of vehicles with electric vehicles made in the US. Such an investment in procurement, along…
Society Of Manufacturers Of Electric Vehicles Calls For Rejig Of FAME II Or Reintroduction Of FAME I
Ahead of the release of Union Budget, Society of Manufacturers of Electric Vehicles (SMEV) asked Finance Minister Nirmala Sitharaman to either rejig the FAME II scheme or reintroduce FAME I, saying the programme meant to promote EVs in its second…
Gulf Oil International Ltd Makes The First Strategic Move Into The EV Market
Gulf Oil International Ltd (Gulf), part of the Hinduja Group, has entered an agreement to co-invest alongside the Clean Growth Fund (CGF) in Indra, the fast-growing electric vehicle (EV) and smart energy technology company developing innovative charging and energy storage…
Ola, Siemens To Build ‘India’s Most Advanced EV Manufacturing Hub’ In Tamil Nadu For ₹2,400 Cr
Ola announced that it has joined hands with Siemens to build India’s most advanced electric vehicle manufacturing facility in Tamil Nadu. Last month, the popular ride-hailing platform signed a 2,400-crore-deal with the Tamil Nadu government to set up its first…
Vertical Integration, Digitization Needed For EV Battery Supply Train Traceability
The electric vehicle battery business needs vertical integration and digitization to improve supply chain transparency and for the industry to have the full backing of the environmental, social and governance-investor community, according to market participants, speaking in an interview. As…
Audi To Make Electric Cars With China’s Oldest Carmaker FAW
FAW is China’s third largest carmaker, and counts Hongqi – or Red Flag – limousines for China’s communist party leaders among its products. It has been trying to gain ground in the world’s largest electric car market against domestic competitors…
Microsoft (MSFT) Invests In Self-Driving Electric Car Venture
Microsoft Corporation (MSFT) has “entered a long-term strategic relationship” with General Motors Company (GM) and Cruise LLC, a company developing self-driving electric vehicles that is majority-owned by GM. Cruise CEO Dan Ammann stated: “Microsoft, as the gold standard in the…
EVs Get First Battery That Can Charge In 5 Minutes
Israeli company StoreDot has manufactured the first battery for electric vehicles that can be charged in just five minutes, a step toward making refueling as fast as cars at a gasoline station. The lithium ion samples were produced by StoreDot’s…
Indian Oil And Israel’s Phinergy Test Aluminium-Air Battery On Mahindra Treo
Even as fossil fuel prices touch new highs in India – petrol at Rs 92.32 a litre in Mumbai – purveyors of eco-friendly motoring in the form of electric vehicles are putting their shoulder to the wheel of green mobility….
