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

Europe

EU tariffs on Chinese EVs are Part of an ‘economic cold war,’ Hungary’s Orbán says

The European Union risks entering an “economic cold war” with China, Hungary’s prime minister said on Friday, pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles. EU countries are set to…

VREMT WILL EXHIBIT ITS INNOVATIVE NEW ENERGY TECHNOLOGY AT THE ELECTRIC VEHICLES EXPO AT AUTOMECHANIKA

ELECTRIC VEHICLES EXPO AT AUTOMECHANIKA, September 10th-14th CET, it is the first time for Geely Holding Group to lead its brands to participate in overseas expo. At the expo, VREMT, a subsidiary of Geely Holding Group, will exhibit its comprehensive…

EU Plans up to 36.3% Definitive Tariffs on EV Imports from China

The European Commission (EC) has announced a draft decision to impose up to 36.3% definitive countervailing duties on imports of battery electric vehicles (EVs) from China. The draft rates are lower than the provisional duties published on 4 July and…

Leading NBFC Muthoot Capital Bags Rs.100 Crore Impact Funding for Electric Vehicle Portfolio

Muthoot Capital Services Limited (MCSL), one of India’s fastest-growing NBFCs and a publicly traded entity of 137-year-old business conglomerate Muthoot Pappachan Group announces its partnership with UK-based Development Financial Institution for raising long-term debt funds to promote its electric vehicle…

BYD Secures New EV Leasing Partner to Take on Europe

China’s BYD has found a new EV leasing partner in Europe as it expands overseas. BYD signed a deal with leading car leasing firm Ayvens to distribute its vehicles across Europe.   BYD finds new EV leasing partner for Europe…

CBAK Energy Secures Nearly USD7 Million Order From Renowned European Client

CBAK Energy Technology, Inc. (NASDAQ: CBAT) (“CBAK Energy,” or the “Company”), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that its subsidiary, Dalian CBAK Power Battery Co., Ltd. (“CBAK Power”) has secured an order…

PURE EV and PDSL UK Partner to Launch Solid-state Battery Electric Scooter – New Joint Venture Will Attract Investments to the Tune of £30 – 40 million

PURE EV and PDSL UK partner to launch solid-state battery electric scooter – New joint venture will attract investments to the tune of £30 – 40 million. 7 May 2024, Coventry, UK. PURE EV, India’s leading electric 2wheeler scooter OEM,…

Over 4 Million Plugin Vehicles Sold Globally in 2024

Global EV sales reached 1.1 million units in April 2024, according to EV research-house, Rho Motion, bringing year-to-date (YTD) sales to 4.3 million, 22% greater than the same period in 2023. Battery Electric Vehicles (BEVs) represent 64% of units sold…

Automakers Hope for a Cut as Two-way EV Charging Becomes Real

Automakers from General Motors to Volvo Cars, alongside utilities and charging app operators are calculating their financial cut as EVs that allow their owners to sell power back to grids become a more realistic prospect. Bidirectional, or vehicle-to-grid (V2G), charging…

PURE EV and PDSL Announce JV to Develop Next-Gen EV 2W in UK

PURE EV, India’s leading EV 2W OEM, today, announced forming a JV with Pragmatic Design Solutions Ltd (PDSL), UK. With a shared vision to transform electric mobility and enhance transportation affordability, PURE EV and PDSL (UK) collaborate to cater to…