Tesla Eyes Expansion Into India With R&D Center
Tesla’s official entry into the auto market in India has been a long time coming, and it looks like progress is finally being made in that direction. The all-electric carmaker is now in talks with Karnataka government officials to open…
Airbus Plans Hydrogen-Powered Commercial Aircraft By 2035
Airbus, a Netherland-based multinational aerospace company, has announced its plans to develop the world’s first zero-emission commercial aircraft by 2035. According to its statement, the company is currently working on three concept designs for hydrogen-powered aircraft equipped with zero-emission technology,…
Li Auto Inc. Announces The Adoption Of NVIDIA’s Next Generation Autonomous Driving Smart Chip Orin
Li Auto Inc., an innovator in China’s new energy vehicle market, announced a three-way strategic cooperation with NVIDIA Corporation, the world’s leading artificial intelligence computing company, and NVIDIA’s Chinese partner, Huizhou Desay SV Automotive. Through this strategic cooperation, Li Auto…
New Research Says Sodium-Ion Batteries Are A Valid Alternative To Lithium-Ion Batteries
Lithium (Li)-ion batteries (LIBs) are the electrochemical energy storage systems of choice for a wide variety of applications, however other types of emerging battery technologies are currently on the path to share their dominant position. Among them sodium (Na)-ion batteries…
Porsche Unveils Awesome 2.1 MWh Megapack-Like Mobile Charging System For Electric Cars
Porsche unveiled a mobile charging solution consisting of a 2.1 MWh Megapack-like battery system in a trailer that can charge 10 electric cars at once. The EV industry is still trying to figure out all the details of the charging…
Russia’s Uranium One Aims To Capture 10% Of Global Lithium Market By 2030
Russian state-owned mining group Uranium One Inc. plans to begin producing lithium in 2023 and to capture as much as 9% to 10% of the global market by 2030, the head of the country’s nuclear fuel distributor said in an…
LG Chem To Spin-Off World’s Largest Electric Car Battery Business
LG Chem plans to spin off its lucrative electric vehicle battery business, the world’s largest, to fund an expansion of its facilities through a potential initial public offering as it benefits from a surge in orders. The South Korean company,…
ADAS And Autonomous Driving Components Market Size Worth To Be USD 118.03 Bn By 2027
The global ADAS and Autonomous Driving Components Market size was valued at USD 24.05 billion in 2019 and is anticipated to reach USD 118.03 billion by 2027 at a CAGR of 21.9%. Factors affecting the increasing demand for the Advanced…
IIT-Hyderabad Incubated Electric Vehicle Startup PURE EV Launches In Nepal – Eyes South East Asia Expansion
IIT Hyderabad-incubated startup PURE EV has entered its first international market. The startup will be launching its premium model ‘EPluto7G’ in Nepal by October 2020 as part of its international expansion plans. According to a statement released by the company,…
Toyota To Invest Rs 2,000 Crore In India
Toyota Kirloskar will invest Rs 2,000 crore in developing vehicle technology and electric components in India, a top official said hours after a news article claimed the carmaker was bringing all new investments in the country to a halt. “Absolutely!…
