Alibaba-Backed EV Maker Xpeng Raises $500 Million
Chinese electric vehicle (EV) manufacturer Xpeng Motors, backed by Alibaba Group Holding Ltd, announced it has raised around $500 million in its latest funding round. As enthusiasm builds for more climate-friendly vehicles, shares of EV makers, including Tesla Inc and…
Global Hub Motor Market Forecast For Electric Vehicle, 2020 – 2030
The global hub motor market for electric vehicle is expected to reach US$ 27.4 Bn mark by the end of 2030. Automotive companies are increasingly focusing on minimizing air pollution and depletion of conventional fossil fuels to gain a competitive…
Electric Vehicle Battery Thermal Management Systems Market Size Worth To Be $12.1 Billion By 2027
The global electric vehicle battery thermal management systems market size is expected to reach USD 12.1 billion by 2027, registering a CAGR of 28.5% from 2020 to 2027. Increasing adoption of electric vehicles (EVs) across the globe is the primary…
ABB India’s First Public DC Fast Charger For New Delhi With BYPL And EV Motors India Unveiled
ABB India limited, today installed its first Public DC fast charger in New Delhi with EV Motors India, the major charge point operator for BSES Yamuna Power Limited. The Terra54 CJG charging station, which caters to multiple charging protocols of…
Hitachi ABB Power Grids Wins ₹1.2 Billion Deal To Supply Transformers To Indian Railways
Hitachi ABB Power Grids India announced that it won a ₹1.2 billion (~$16.05 million) order to help the Indian government’s goal of 100% railway electrification and to reduce its carbon footprint. Under the order, the company will deliver its transformers…
UK’s Oil Giant BP To Invest $70 Million In India’s Green Growth Equity Fund
United Kingdom-based oil giant BP announced its plans to invest $70 million (~₹5.22 billion) in India’s Green Growth Equity Fund (GGEF), which aims at promoting zero carbon and low carbon energy solutions in the country. Once the transaction is completed…
Karnataka Sets Up 112 Charging Stations In The Bengaluru City
The tech-savvy Karnataka government has set up 112 charging stations in Bengaluru for electric vehicles (EV) and to encourage citizens to switch over from fuel-based cars, an official said on Saturday. “Of the 112 stations, 12 are DC (direct current)…
BMW Signs $2 Billion Battery Supply Contract With Northvolt
BMW like many other German car manufacturers, it is hedging its bets by designing cars that can be powered by gasoline and diesel engines, hydrogen fuel cells, plug-in hybrid technology, or battery electric powertrains. The car companies say such an…
India’s EV Component Market To Grow At 22.1% CAGR Till 2030
India is presently witnessing a rapid rise in the adoption of electric vehicles (EVs). Additionally, a decline is being seen in the price of various components, which is making EVs more affordable for people. Both these factors are projected to…
Nissan And Sunwoda Join Hands For Battery Development
Japanese carmaker Nissan Motor Co. Ltd has partnered with Sunwoda Electric Vehicle Battery Co. Ltd. for joint development of next-generation vehicle batteries for Nissan’s e-POWER models. The two companies will also discuss the development of an efficient production system to…
