EIB Signs An Agreement To Boost The European EV Battery Production
The European Investment Bank (EIB) has signed a EUR 480 million loan agreement with LG Chem Wroclaw Energy, the Polish subsidiary of the LG Chem Group that was established to develop the group’s battery production facility in Europe. The financing…
Wallbox Named A Winner Of The 2020 Edison Awards
Wallbox, a smart charging company and leading manufacturer of electric vehicle (EV) charging stations in Europe, announced that Quasar is named a winner in the Energy & Sustainability category for the 2020 Edison Awards. The Edison Awards, named after Thomas Alva Edison,…
Bangalore Based Startup All Set To Enter India’s Electric Rickshaw Race
In India, electric rickshaws are increasingly seen as a way to cut air pollution. Motorbikes and three-wheel rickshaws are ubiquitous in the country, and India’s government announced last year that only electric two and three-wheel vehicles would be allowed by 2025….
Infineon Withdraws Outlook For FY20; Economic Impact Resulting From Coronavirus Pandemic Can Currently Not Be Reliably Assessed
Neubiberg, Germany – 26 March 2020 – The more and more pronounced coronavirus pandemic worldwide is causing severe disruptions to global supply chains, endmarkets and economies. Developments around the coronavirus are very dynamic and result in low visibility. In view…
Okinawa Shuts Its Electric Scooter Manufacturing Plant In India Amid The Pandemic
Okinawa, the leading player in electric two-wheeler business has announced that it will be shutting its Rajasthan plant. The announcement comes in the wake of the coronavirus pandemic scare. Most of the other auto manufacturing facilities have already downed their…
Elon Musk Donates 1,255 Ventilators To California After Buying Oversupply From China
Elon Musk has delivered more than 1,200 ventilators to California officials this week, an effort that will provide treatment for hospital patients with severe cases of COVID-19. Gov. Gavin Newsom said during a press conference the Tesla boss had made…
Auto Production In China To Rebound
While vehicle and component production has slowed to a trickle in Europe because of the corona virus outbreak, Daimler, Volvo and suppliers say their factories in China are coming back online. Daimler has reopened its factory in China, where demand for vehicles is…
Study Confirms Electric Cars Produce Less CO2 Than Petrol Vehicles
Electric vehicles produce less carbon dioxide than petrol cars across the vast majority of the globe – contrary to the claims of some detractors, who have alleged that the CO2 emitted in the production of electricity and their manufacture outweighs the benefits….
Polestar 2 Production To Officially Begin In China, Deliveries Starting Summer 2020
Despite the world economy being thrown in a standstill and many automakers closing down their production facilities for the time being, Polestar will start production of its Polestar 2 electric car this week. Production will take place in Luqioao, China in…
Ideanomics’ MEG Announced Strategic Agreement With ‘BeiBen’ Leading EV Heavy Trucks And Bus Manufacturer
Ideanomics announced a strategic framework agreement with leading EV heavy truck and bus manufacturer, BeiBen Heavy Truck Co. Ltd (“BeiBen”). The framework agreement is designed to establish a long-term strategic partnership that will create a strategic platform to increase the speed…
