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

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India

Log9, Trinity Cleantech Team Up for Interoperable Charging Network

Log9, a prominent innovator in EV charging solutions, and Trinity Cleantech, a comprehensive provider of sustainable solutions, have come together to establish an interoperable charging network. Trinity Cleantech plans to deploy 2,000 public charging stations under its brand name “Thunder+”…

Tamil Nadu CM Lays Foundation Stone for VinFast’s EV Plant in Tuticorin

Tamil Nadu Chief Minister M K Stalin on Sunday laid the foundation stone for the electric vehicle car and battery manufacturing facility of VinFast Auto Ltd which has earmarked investments to the tune of ₹16,000 crore in the state. The…

EV START-UP VIDYUT RAISES $10 MILLION IN SERIES A LED BY 3one4 CAPITAL

Vidyut, an EV ecosystem start-up, has raised $10 million in its Series A round, led by 3one4 Capital. The round also witnessed participation from new and existing investors namely, Saison Capital, Zephyr Peacock, Force Ventures, a venture debt fund Alteria…

Zoomcar Partners With SPARKCARS to Drive EV Adoption in Self-drive Sector

As the rental market continues to evolve, this partnership will help increase the supply of EV cars available for self-drive to meet the growing needs of convenient and independent travel, and also a strategic move to increase awareness of higher…

Vietnam EV Maker VinFast Reports $2 Billion Net Loss In 2023

Vietnamese electric vehicle maker VinFast on Thursday reported a net loss of more than $2 billion in 2023 after missing its sales target, despite a 90 percent increase in revenue. The communist state’s first homegrown car manufacturer is trying to…

New Renault Kwid EV to debut on 21 February

Last year, the Renault-Nissan alliance announced the debut of six new models for India, including two A-segment electric vehicles. Now, out of the two, one electric car is the new Renault Kwid EV. Dubbed the Dacia Spring EV, this upcoming…

PURE EV Bags $8 Mn To Scale Up Its EV Two-Wheeler Playbook

Hyderabad-based electric vehicle manufacturer PURE EV (Power Using Renewable Energy) has raised $8 Mn (INR 66.3 Cr) in a funding led by Bennett Coleman and Company Limited, Hindustan Times Media Ventures, with participation from Ushodaya Enterprises Private Limited and existing…

Mahindra to Use Volkswagen Electric Components, Battery Cells

Volkswagen and Mahindra & Mahindra Ltd have signed a supply agreement on the use of key electric components of the German carmaker’s open platform for electric vehicles (EVs), the companies said in a statement on Friday. Mahindra plans to use…

Tirex Chargers and Government of Gujarat Ink MoU for One of the Largest EV DC Charger Manufacturing Plants in India

Tirex Chargers, a leading Original Equipment Manufacturer (OEM) of Electric Vehicle (EV) chargers, and the Government of Gujarat have formalized their commitment to India’s sustainable future by signing a Memorandum of Understanding (MoU) on January 6, 2024. The signing ceremony…

India Lithium-ion Battery Market to Hit Market Size of USD 30,860.6 Million By 2032

Indian thium-ion battery market generated a revenue of US$ 5,116.4 Million in 2023 and is estimated to reach US$ 30,860.6 million by 2032 at a CAGR of 22.1% during the forecast period 2024–2032. The Indian lithium-ion battery market is the…