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…
Spain’s Ebro-EV Motors, China’s Chery Join Hands to Develop New Cars
Spain’s auto company Ebro-EV Motors and China’s Chery Automobile signed a pact on Friday to develop new electric vehicles through a joint venture in the northeastern Spanish city of Barcelona. Under the alliance, Chery will become the first Chinese automaker…
Autel Energy Europe Releases MaxiCharger Launch Plan
Autel released the MaxiCharger Megawatt Charging System satellite launch plan at the Nordic EV Summit 2024. This system not only promises a surge in charging capabilities, but also ensures a swift and streamlined charging experience, according to the company. “Introducing…
UK’s Octopus to Lease out China’s Omoda EVs, Offer Charging Services
Britain’s Octopus Energy will lease out electric vehicles from Chinese automaker Chery’s Omoda brand and offer low-cost charging rates and charger installation, among other services, the two companies said on Tuesday. Octopus already leases out more than 15,000 EVs via…
