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

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UK’s Oil Giant BP To Invest $70 Million In India’s Green Growth Equity Fund

United Kingdom-based oil giant BP announced its plans to invest $70 million (~₹5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy solutions in the country. Once the transaction is completed…

Karnataka Sets Up 112 Charging Stations In The Bengaluru City

The tech-savvy Karnataka government has set up 112 charging stations in Bengaluru for electric vehicles (EV) and to encourage citizens to switch over from fuel-based cars, an official said on Saturday. “Of the 112 stations, 12 are DC (direct current)…

BMW Signs $2 Billion Battery Supply Contract With Northvolt

BMW like many other German car manufacturers, it is hedging its bets by designing cars that can be powered by gasoline and diesel engines, hydrogen fuel cells, plug-in hybrid technology, or battery electric powertrains. The car companies say such an…

India’s EV Component Market To Grow At 22.1% CAGR Till 2030

India is presently witnessing a rapid rise in the adoption of electric vehicles (EVs). Additionally, a decline is being seen in the price of various components, which is making EVs more affordable for people. Both these factors are projected to…

Nissan And Sunwoda Join Hands For Battery Development

Japanese carmaker Nissan Motor Co. Ltd has partnered with Sunwoda Electric Vehicle Battery Co. Ltd. for joint development of next-generation vehicle batteries for Nissan’s e-POWER models. The two companies will also discuss the development of an efficient production system to…

Yank Technologies First To Receive FCC Certification For Contactless Wireless Charging Solution

New York-based start-up company, Yank Technologies, announced its contactless, wireless charging product, the MotherBox, is officially certified by the Federal Communications Commission (FCC). This marks the first time a device of this nature has received the certification. Yank Technologies first…

Hitachi ABB Power Grids Launches Game-Changing EV Charging System For Large Scale E-Mobility

Hitachi ABB Power Grids launched Grid-eMotion™ Fleet, a game-changing grid-to-plug EV charging system that delivers a step-change approach for public transport and commercial operators. The smart mobility solution enables operators to efficiently scale up their operations and is expected to…

EV Connect Partners With Greenlots To Enable Convenient Access To EV Charging Stations Across North America

To improve the electric vehicle (EV) driver experience, EV Connect and Greenlots, a member of the Shell Group, have announced the completion of the driver roaming integration between the companies’ charging networks. Built on a previously announced agreement for inter-network…

KOGAS, Hyundai Motor Join Hands In Hydrogen Production, Charging, And Sales

Korea Gas Corp. (KOGAS) and Hyundai Motor Group have joined hands to build integrated hydrogen charging stations that can also serve as a hydrogen production facility. They signed a business agreement at a hotel in Seoul to cooperate in enhancing…

Global Electric Vehicle Speed Reducer Market Growth 2019-2024

The Global EV Speed Reducer market is projected to register a 41.9% CAGR in terms of revenue, the global market size will reach US$ 1340 million by 2024, from US$ 160 million in 2019. EV Speed Reducers are devices between…