SK Group To Invest $16.4B To Create Hydrogen Production-Distribution-Consumption Ecosystem By 2025
Korea-based SK Group will invest about 18 trillion won (US$16.4 billion) over the next five years to create a domestic hydrogen ecosystem—production, distribution, and consumption—through creation of domestic hydrogen infrastructure and also through partnerships with global companies. In the first…
Electric Vehicle Maker Euler Motors Raises ₹300 Million From Existing And New Investors
Euler Motors, a New Delhi-based electric vehicle (EV) manufacturer, has raised ₹300 million (~$4.1 million) as a part of its ongoing Series A round. The funding was led by existing investors Inventus India, Jetty Ventures, and Sujeet Kumar, Co-founder, Udaan….
New White Paper On Solutions For Mass EV Battery Assembly Released
Government legislation across the EU declaring a fundamental shift away from internal combustion towards fully electric vehicle powertrains has presented vehicle manufacturers with complex challenges regarding materials, battery and joining technology. With the need for light weighting a critical factor…
XPeng Launches New LFP-Battery Powered Versions Of EVs
China-based EV maker XPeng expanded its product offering by launching three new vehicle versions powered by lithium iron phosphate (LFP) batteries for the Chinese market. The three new LFP-battery powered cars, including the rear-wheel drive (RWD) P7 Standard Range Smart…
Meghalaya Announces Electric Vehicle Policy With Purchase Subsidy For Early Adopters
The Transport Department of the Government of Meghalaya has issued the ‘Meghalaya Electric vehicle Policy, 2021’, which aims to see electric vehicles (EV) representing 15% of the state’s overall vehicle mix by 2025. The policy will remain in operation for…
The 5,000 Ways Volkswagen Tests EV Batteries For Safety And Durability
Before any part gets put onto a vehicle, an automaker needs to know how long it will last and what role it plays in keeping the vehicle safe. That’s especially true for electric vehicle batteries and battery packs, the heart…
US To Install Over Half Million Charging Stations To Push Electric Vehicles
The Biden administration plans to build more than half a million EV charging stations as part of its move to push electric vehicles on the road in a big way, the White House said. National Climate Advisor Gina McCarthy alongside…
RIL Acquires Majority Stake In US-Based SkyTran For $26.76 Million
Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), announced on Sunday that it has acquired majority stake in its investee company skyTran Inc for a consideration of $26.76 million. With this transaction, RSBVL has…
RIL To Venture Into EV Battery Space Ahead Of A Boom In Electric Vehicles
The possibility of a stake sale to Saudi Arabia’s Aramco is only one part of the story behind Reliance Industries hiving off its oil-to-chemicals business. This is also part of a strategic shift by Ambani to renewable energy. “RIL will…
Honda, KTM, Piaggio, And Yamaha To Form Consortium For Swappable Batteries
With the growing environmental concerns around the world fast pushing the need to switch to electric mobility, automakers are seen coming together to collaborate and accelerate this transition. In the latest development, leading global two-wheeler manufacturers including Japan’s Honda Motor…
