Hertz & Polestar Announce Global Strategic Partnership To Accelerate Electric Vehicle Adoption
Hertz (NASDAQ: HTZ) and Polestar, the Swedish premium electric performance car maker, today announced a new global partnership that includes purchasing up to 65,000 electric vehicles (EVs) over five years. Availability is expected to begin in Spring 2022 in Europe…
Automotive Electronics Market Set To Advance In India With CASE Convergence, E-Mobility, Among Others
Frost & Sullivan’s recent analysis, Indian Automotive Electronics Growth Opportunities, finds that continuous innovation and development in the automotive industry is boosting the demand for automotive electronics. Its increasing use in various vehicular applications, such as active and passive safety,…
MG Motor India Plans To Raise INR 5000 Crore For A Second Plant
MG Motor India is reportedly planning to raise fresh funds of up to ₹ 5,000 crore through external commercial borrowings (ECBs) or private equity route. According to a report on Time of India, the funds will go towards setting up…
Kaixin Auto Holdings Announces Intention Order for 20,000 Electric Vehicles
Kaixin Auto Holdings (“Kaixin” or the “Company”) (NASDAQ: KXIN) announces today that it has reached into a strategic partnership with Beijing Camping Club Sports and Culture Communication Co., Ltd. (the “Camping Club”). Camping Club agrees to order at least 20,000…
Government Seeks To Change Rules Related To Vehicle’s Fitness Testing In India
The government has proposed certain amendments in the eligibility criteria for setting up an automated testing station to check vehicles’ fitness, rules to enable vehicle testing outside the state of registration and the norm to declare a vehicle as an…
Tata Power, Rustomjee Group To Build EV Charging Stations In Mumbai
According to a press release on March 28, Tata Power and Rustomjee Group have partnered to install electric vehicle charging infrastructure at the commercial and residential projects of Rustomjee Group in Mumbai. This collaboration will see Tata Power install a…
Government Of India To Investigate Recent Fire Cases Of Electric Vehicles
The Government of India will investigate the recent fire cases of electric vehicles, with an independent team of experts investigating the recent fire accidents in Pune and Vellore. Government sources told CNBC-TV18 on March 28 (a day after the Ola…
Europe’s Largest EV Battery Gigafactory In Poland
LG Chem’s LG Energy Solution (LGES) has recently released an interesting PR video about its lithium-ion battery cell factory in Poland, which gives us a rare insight into this large gigafactory. Video: https://www.youtube.com/watch?v=wsr58222QYs&t=4s The site, located in Wrocław in western…
New Analysis Shows 14,000 Public Charging Points Should Be Installed Weekly Across EU
The auto industry is already placing hundreds of models of low- and zero-emission vehicles on the market, but has serious concerns about the slow deployment of the infrastructure needed to charge and refuel these vehicles. Indeed, sales of electrically-chargeable cars…
Ahmedabad Based EV Startup, Savy Electric Vehicles (Savë) Raises Seed Round Valued At $3.5 Million
Ahmedabad based EV Startup, Savy Electric Vehicles (Savë) has raised an undisclosed amount in the seed round led by NRI Angel Investor Ratul Bhattacharya and prominent individuals, valued at $3.5 million. Savë, a bootstrapped startup since inception, is engaged in manufacturing purpose-built…