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

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CleanSpark And ReJoule Awarded $2.9M Second-Life Electric Vehicle Battery Grant With Support From Ford

CleanSpark Inc, a diversified software and services company, and ReJoule, a battery diagnostics and optimization company said that they have been awarded a $2.9 million grant from the California Energy Commission. The Utah-based company said the grant will be deployed…

Musk Says Tesla Is ‘Very Close’ To Full Autonomous Driving

Tesla is “very close” to achieving level five autonomous driving, a 100 percent driverless technology, the company’s co-founder Elon Musk said in remarks made via a video message at the opening of Shanghai’s annual World Artificial Intelligence Conference. “I’m extremely…

Lead Acid Battery Market Worth To Be USD 111 Billion By 2030

The global lead acid battery market is set for positive growth through 2030, expanding at a CAGR of 5.4% and surpassing a value pool of US$ 111.6 Bn by 2030-end. Presently, lead acid batteries find extensive usage as the primal…

Honda And CATL Forge Battery Cooperation

Honda has taken a one-percent in CATL as the companies seek a stable supply of battery cells and also closer cooperation in the areas of development and research as well as recycling and second-life approaches. The move comes at a…

Okaya Bags Contract From PGCIL

OKAYA has bagged a major contract from Power Grid Corporation of India (PGCIL) for supply, installation and commissioning of over 55 multi standard EV chargers (100KW) as per CCS2/CHAdeMO protocol, & 15 KW DC fast chargers as per DC-001 in…

Ampere Acquires 74% Stake In E-Rickshaw Firm Bestway

Coimbatore-based Ampere Vehicles, a wholly-owned electric mobility subsidiary of Greaves Cotton, announced the acquisition of 74% stake in Noida-based Bestway Agencies Pvt Ltd (BAPL) which sells e-rickshaws under the popular ELE brand. Ampere Vehicles will acquire the balance 26% of…

Hyundai XCIENT Fuel Cell Heads To Europe For Commercial Use

Hyundai Motor Company shipped the first 10 units of the Hyundai XCIENT Fuel Cell, the world’s first mass-produced fuel cell heavy-duty truck, to Switzerland. The company plans to ship a total of 50 XCIENT Fuel Cells to Switzerland this year,…

Solar Vehicle Global Market Forecast 2023–2030

The global solar vehicle market is expected to be $329.5 million in 2023, and is projected to reach $4,087.6 million by 2030, registering a CAGR of 43.3%. North America is projected to be the highest revenue contributor, accounting for $138.5…

The Hydrogen Fuel Cell Vehicle Market To Reach $42,038.9 Million By 2026

The hydrogen fuel cell vehicle market size was valued at $651.9 million in 2018, and is projected to reach at $42,038.9 million by 2026, growing at a CAGR of 66.9% from 2019 to 2026. The key factors that impact the…

Volvo & Google’s Waymo Join Hands To Develop Self-Driving Vehicles

Volvo Car Group and Waymo have come on terms with a new agreement that makes the autonomous driving based company the exclusive partner of the Swedish luxury carmaker in Level 4 capabilities. The Technology brand is owned by the mighty…