Tesla Captures Almost 80% Of South Korean Imported EV Market
Korean media reports that during the first nine months of this year, Tesla sold in South Korea 10,518 electric cars, which is a dominant number in the imported EV segment – over 79%. The total number is 13,261, and only…
Industrial Segment Of Global Lithium-Ion Battery Market Could Exceed $24 Billion By 2027
The lithium-ion batteries have become intertwined with all facets of modern life. The lithium-ion battery is used in electronic devices such as smartphones, power tools, digital cameras and especially in the ever growing Electric Vehicle (EV) marketplace. Hence, the demand…
GM Reveals $2B Investment, Moves GMC Acadia Production To Lansing Delta Twp. Assembly
General Motors said it is investing $2 billion in six U.S. assembly plants and will be converting its Spring Hill, Tennessee, assembly plant to become the company’s third factory to build electric vehicles. As part of that, GM said it…
Spiffy Expands Services Into EV Charging
Just two weeks after announcing partnerships to help with vehicle lifecycle needs like trade-in valuations, insurance and warranty/repairs, the company has lined up another collaboration; this time aiming to solve a pain point in the electric-vehicle space. Spiffy said it…
China’s BYD, Japan’s Hino Announce Electric Truck Venture
CHINESE electric car brand BYD Auto and Japanese truck maker Hino Motors said Wednesday they are jointly setting up a company to develop battery-powered trucks and buses. The venture is one of a series of tie-ups between Chinese and foreign…
Intelligent Power Module Market Revenue To Cross USD 2.5 Bn By 2026
According to a latest report, the market valuation of intelligent power module will cross $2.5 billion by 2026. The growing adoption of intelligent power modules in power converters, electric motor drives for aircraft will fuel the market growth over the…
Farasis And TOGG Signed A Letter Of Intent To Develop Energy Storage Solutions For Turkey And Surrounding Countries
Farasis is partnering with TOGG, a European OEM developing native electric vehicles and e-mobility ecosystem, for the use of Farasis battery cells in the full range of TOGG products. According to the agreement, battery cells will be provided by Farasis…
EV Startup Ultraviolette Automotive Raises Funding
TVS Motor-backed sustainable mobility startup Ultraviolette Automotive has raised an undisclosed amount in a Series B investment round from Kumar Vembu, CEO of GoFrugal Technologies. Earlier, Vembu had invested in the company in its Series A funding and now joins…
More Indian Oil Petrol Pumps To Offer EV Charging Facilities
India’s top oil firm IOC is remodelling business with an increased focus on petrochemicals to hedge volatility in the fuel business, while at the same time turning petrol pumps into energy outlets that offer EV charging points and battery swapping…
iPhone Builder Foxconn Is Making An EV Platform With A Solid-State Battery
Building an electric platform that’s the cornerstone of their EV business has taken GM and VW years. Volkswagen in particular is willing to partner with other automakers to get its modular MEB system under their vehicles and help make sure…
