Sumitomo To Invest $424 Million In Cathode Material Production
The Japanese raw materials company Sumitomo Metal Mining has announced its intention to invest 47 billion yen (about 424 million USD) in expanding its production capacities for cathode materials. The company cites the car industry’s growing demand for batteries as…
Okaya Group’s EV Division Forays Into Electric Two-Wheeler Business
Energy storage solutions provider Okaya Group’s EV arm announced its entry into the electric two-wheeler business with the launch of a range of vehicles. Besides, the company which already has set up a two-wheeler manufacturing plant in Baddi (HP) and…
Electric Scooter-Maker Ather To Expand Capacity At Its Hosur Plant
Bengaluru-based electric two-wheeler manufacturer Ather Energy is set to expand the capacity of its new plant in Hosur from 110,000 units per annum to 500,000 by the end of next year. It will invest Rs 650 crore in the new…
Hyundai Motor To Invest $100 Mln In Battery Startup SolidEnergy Systems
South Korea’s Hyundai Motor Co has invested about $100 million to buy a stake in a lithium metal battery startup, according to local news. “As we have been investing in various companies related to electrification, our investment in SolidEnergy is…
Digital Lender “Prest Loans” Forays Into Electrical Vehicle EV Financing Segment Collaborates With Eqaro Guarantees And Terra Motors
Prest Loans, a Delhi-based, fast-growing digital lending company has forayed into the financing of electrical vehicles (EVs). It has collaborated with a leading Japanese electrical vehicle manufacturer, Terra Motors offering quality products and with Mumbai-based Eqaro Guarantees for providing guarantees…
India Plans To Set Up Institute To Fund Electric Vehicles-Focused Businesses
The government is planning to set up an institution to fund businesses with a focus on electric vehicles as well as facilitate new financial instruments for lending to the public transportation and commercial vehicle segment, Union minister Nitin Gadkari said….
Valeo And Omega Seiki Join Hands To Accelerate Two And Three Wheelers Electrification In India
Valeo, the world leader in automotive electrification technology, and Omega Seiki Mobility (OSM), part of Anglian Omega Group, have signed a Memorandum of Understanding (MoU), through which Valeo will provide the electric powertrains for OSM Vehicle Range. Valeo will provide…
Nissan Unveils New EV, Plans For Battery Gigafactory At Sunderland In UK; Potentially Up To 35 GWh
Nissan unveiled Nissan EV36Zero, a £1-billion flagship Electric Vehicle (EV) Hub —an EV manufacturing ecosystem—centered around its plant in Sunderland, UK. The project has been launched with an initial £1-billion (US$1.4-billion) investment by Nissan and its partners battery-maker Envision AESC…
GM Moves To Secure Critical U.S.-Sourced Lithium For Electric Vehicle Batteries
General Motors is moving to secure U.S.-sourced lithium, a metal crucial to electric vehicle batteries, through a strategic investment and partnership with a company called Controlled Thermal Resources. GM announced the deal as a way to accelerate the adoption of…
SG Auto Assist Announces New Initiative ‘RSA 4 ALL’ & Adaptation Of Electric Vehicles As A Service Fleet For A Sustainable Future
Gurugram based roadside assistance company, SG Auto Assist (formerly known asSahayata Global Assistance Pvt Ltd.) announced an initiative ‘RSA 4 ALL’ & Adaptation of ElectricVehicles as Service Fleet for sustainable future. This announcement was made along with the celebrationof SG…
