Kandi Announces Establishment Of China Battery Exchange Technology Co., Ltd.
Kandi Technologies Group, Inc. announced the establishment of a wholly-owned subsidiary for its battery swapping services: China Battery Exchange Technology Co., Ltd. By establishing the China Battery Exchange Technology Company, Kandi can better monetize its dozens of patents in the…
Tencent, Others To Buy $516.12 Million Worth Shares In China Evergrande New Energy Vehicle
China Evergrande New Energy Vehicle Group Ltd said investors including Tencent Holdings Ltd and Sequoia Capital will buy HK$4 billion ($516.12 million) worth of company shares in a share sale. The electric vehicle unit of property developer China Evergrande said…
California Approves Largest Ever Utility Program To Expand EV Charging
California approved a $437 million effort to build thousands of electric vehicle chargers, its utility regulator said, calling it the nation’s largest ever utility program to expand charging infrastructure. The money will go to utility Southern California Edison to fund…
A Bill Gates-Backed Electric Vehicle Battery Developer Is The Latest Firm To Publicize Its Acquisition
An electric vehicle battery developer financed by Bill Gates and Volkswagen is the latest firm to reveal its intention of undergoing amalgamation through an explicit peculiar acquisition process. QuantumScape, which manufactures vehicle batteries, explained to the public that it would…
California Startup Aims To Tackle Battery Degradation In Electric Cars
Lithium-ion batteries are essential to electric vehicles, but they have drawbacks: They are hard to make and degrade over time. A San Leandro, California-based start-up said it had raised $4 million in funding and is working with German chemical giant…
Magnis Takes Next Step Towards “Six-Minute” Electric Vehicle Battery
Magnis Energy Technologies has taken the next step towards commercializing an electric vehicle battery that can recharge a vehicle in six minutes. The ASX-listed company had revealed in July that it had an electric vehicle battery in development that could…
Demand For Electric Vehicle Supply Equipment In India Growing Due To Surging Pollution
The need for increasing the adoption of electric vehicles in India is extremely high, since the country is among the most polluted countries across the world. Owing to the large population and rising disposable income, the number of vehicles on…
Subsidy Scheme Under Delhi Electric Vehicle Policy To Roll Out Next Week
The Delhi government is likely to roll out from next week the subsidy scheme under its newly launched electric vehicle (EV) policy, officials said. The EV policy of the Delhi government was notified last month. Launching the policy, Chief Minister…
Uber Promises 100% Electric Vehicles By 2040, Commits $800 Million To Help Drivers Switch
Uber Technologies Inc said every vehicle on its global ride-hailing platform will be electric by 2040, and it vowed to contribute $800 million through 2025 to help drivers switch to battery-powered vehicles, including discounts for vehicles bought or leased from…
On World EV Day, ABB Underlines Commitment To More Charging Stations In India
Global technology company ABB announced it is pushing forward with establishing more charging stations for electric vehicles in several Indian cities. The announcement was made on the occasion of the first-ever World EV Day that seeks to celebrate the experience…
