General Motors Takes $2 Billion Stake In Electric Truck Startup Nikola
Nikola and General Motors today announced a strategic partnership. Through the deal, GM gets 11% ownership in startup Nikola, and will, in turn, produce Nikola’s wild fuel cell pickup truck by the end of 2022. Both companies’ shares jumped on…
Oil Major Total, Carmaker PSA Set-Up $6B EV Battery Venture
Supermajor Total continues to invest in clean energy by creating a joint venture with automaker Groupe PSA to manufacture batteries for electric vehicles in Europe—a project expected to mobilize investment of more than US$5.9 billion (5 billion euro). Total, via…
EeVe To Expand Production With Make-In-India Agenda, Localises 40% Of Electric Scooters
EeVe India is an electric vehicle manufacturer that was founded in 2018. The bikemaker revealed its new products earlier this year at the Auto Expo 2020 – Xenia as well as 4U. There was also the promise shown with the…
EESL To Procure 250 EVs From Tata Motors, Hyundai For Govt Bodies
Energy Efficiency Services (EESL) has selected Tata Motors and Hyundai Motor India in an international bidding process for procurement of 250 electric vehicles (EVs) for government entities. Tata Motors will supply 150 Nexon electric compact SUVs and Hyundai will supply…
GM And Honda Explore Designing Cars Together
General Motors and Honda are teaming up in a budding alliance between two auto giants that were at one time bitter rivals. GM and Honda announced a nonbinding memorandum of understanding. The agreement follows preliminary talks between the Detroit auto…
Hero Electric To Launch Fast-Charging E-Bikes In Partnership With EV Motors India
Hero Electric plans to introduce fast-charging E bikes with batteries sourced from EV Motors India. The two companies have formed a partnership to introduce their products for last-mile delivery operation in India. In a joint announcement, EV Motors India and…
TVS Motor Raises Stake In Startup Ultraviolette, Invests Rs 30 crore
TVS Motor Company has raised its stake in Bengaluru-based electric vehicle startup Ultraviolette Automotive by pumping in Rs 30 crore. In FY20, it had invested Rs 11 crore in the startup, which aims to put a high performance electric bike…
NeoCharge’s Power Splitters Make Adding EV Charging More Affordable For Owners
With all of the positives that electric vehicles provide, they do come with their own set of challenges, many of which have nothing to do with the vehicle. One huge challenge for many electric vehicle drivers is home charging. Where…
C-MET Seeks Co-funding Partners For Li-ion And Na-ion Battery Cell Manufacturing
The Center for Materials for Electronics Technology (C-MET) has invited Expressions of Interest (EoI) from interested parties for collaboration with the Center of Excellence for rechargeable battery technologies (Pre-cell). The interested parties would include public sector units, private industry, and…
Mumbai’s Epsilon Carbon To Invest $70 Million In Battery Material Manufacturing Facility
Epsilon Carbon, India’s leading coal carbon company, is diversifying into the battery material business to develop and manufacture high performance and quality carbon products for anode components of Lithium Ion Batteries (LiB). The battery materials business is housed under a…
