Lucid Motors Strikes SPAC Deal To Go Public With $24 Billion Valuation
Lucid Motors reached an agreement to become a publicly traded company through a merger with special-purpose acquisition company Churchill Capital IV Corp., in the largest deal yet between a blank-check company and an electric vehicle startup. The combined company, in…
‘Govt needs to promote basket of clean auto fuels, not just electric mobility’ – Indian Auto LPC Coalition
‘Govt needs to promote basket of clean auto fuels, not just electric mobility’ – Indian Auto LPC Coalition Indian Auto LPC Coalition, the industry body of auto LPG stakeholders has urged the government to promote a number of clean alternative…
Singapore To Install 60,000 Charge Points By 2030
One year after announcing to expand electric vehicle charging infrastructure massively, Singapore more than doubles its claim. The government of the city-state now wants to install 60,000 charge points by 2030 and has more measures in place. The new target…
Groupe Renault And Faurecia To Collaborate On Hydrogen Storage Systems For Light Commercial Vehicles
Groupe Renault and Faurecia will collaborate on hydrogen storage systems for hydrogen-powered light commercial vehicles. Starting at the end of 2021, Faurecia will supply hydrogen storage systems for a first fleet of light commercial vehicles. These systems will be developed…
Amara Raja Starts Work On Lithium-Ion Cells, Sets Up Tech Hub At Tirupati
Amara Raja Batteries, the country’s second-largest automotive battery maker, has opened the country’s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh. The advanced lithium-ion technology research hub, the pilot project located at its headquarters…
Matter Bets On Indian EV Market, Targets $1 Billion Turnover By 2025
Bullish on the growth of electric vehicles (EV) market in India, EV and energy storage technology startup, Matter expects to clock a turnover of USD 1 billion (over Rs 7,250 crore) by 2025, according to a top company official. The…
Hyundai Proposes Electric Vehicle Battery Leasing Plan To Lower Cost Of EVs
South Korean automotive giant Hyundai is to create an electric vehicle (EV) battery leasing business with the aim of reducing the initial cost of buying an EV as well as providing services that enable eco-friendly re-use of the batteries beyond…
UK Eyes Second Electric Vehicle Battery Factory
Building on the region’s efforts to stand at the forefront of new technologies, the Coventry City Council in the United Kingdom will reportedly enter a joint venture partnership with Coventry Airport with the aim of building the country’s second battery…
Eaton’s Vehicle Group Launches Electric Vehicle E-Drive Gearing Design, Development, And Manufacturing
Power management company Eaton today announced its Vehicle Group is developing gearing solutions for electrified vehicles (EVs). Leveraging its expertise in producing transmissions and contract manufactured gear-sets for passenger and commercial vehicles, the Vehicle Group aims to be a leader…
Vogo Raises $11.5 Mn Series C Funding To Bolster Electric Two-Wheeler Fleet
Bengaluru-based two-wheeler rental startup Vogo has raised $11.5 Mn in its Series C funding round from existing investors, including Lightrock, Kalaari, Matrix Partners and Stellaris Venture Partners. With its latest funding, Vogo will ramp up its electric two-wheeler fleet, streamline…
