EV Update Media – Electric Vehicles and Battery Industry News & Updates

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#Electric Vehicle

Significant Growth in India’s Electric Vehicle Export Market

The export market for electric vehicles (EVs) in India has experienced significant growth, increasing by 246.3% in the first seven months of 2023. This surge in exports, from Rs 7,988.62 lakhs in 2022 to Rs 21,391.40 lakhs in 2023, can…

Decrease in Chinese Demand For Electric Vehicles Impacts Lithium Stocks

Shares of lithium stocks are experiencing a downward trend as concerns arise regarding a decrease in Chinese demand for electric vehicles. The price of lithium has been steadily decreasing since the latter part of last year, and this decline has…

NIO’s New ES6 Electric SUV Breaks EV Maker’s Monthly Delivery Record

NIO released the second-generation ES6 in May. Despite being compact in size, NIO is seeing big results from the new electric SUV.  The EV maker announced in a press release on Tuesday that it delivered a record 20,462 vehicles in July, up 103.6% YOY…

China’s Largest Carmaker BYD Faces Tax Investigation In India

Chinese automaker BYD is under an ongoing investigation by the Directorate of Revenue Intelligence (DRI) over allegations of underpaid taxes on imported parts used in its assembled cars sold in the country, reported news agency Reuters.  The DRI claims that…

TVS iQube Electric Scooter Crosses 1.5 Lakh Units Sales Milestone

TVS Motor Company has achieved a significant milestone by selling over 1.50 lakh units of its electric scooter, the TVS iQube. This accomplishment was reached in just 43 months since the iQube’s launch in January 2020. The iQube has gained popularity among…

Greaves Electric Mobility Deal With ReadyAssist To Service Ampere’s E2W Fleets

Ampere, the electric two-wheeler brand of Greaves Electric Mobility Private Limited, has entered into a collaboration with ReadyAssist, a leader in the vehicle assistance industry, bringing full-stack after-sales and service support for its fleet customers. Under this agreement, ReadyAssist will cater to…

Toyota Bolsters Electric Vehicle Development And Technology In China

Toyota is doubling down on its electric vehicle technology efforts in China. The move comes as the Japanese automaker aims to tackle increasingly stiff competition from players in the country’s automotive segment.   China has turned into a battleground of market…

Hyundai Motor Expects Reflective Benefits As India Rejects Chinese EV Investment

India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India. According to foreign media outlets including the Economic Times…

Bolt Earth Brings Affordable EV Charging to India

As the electric vehicle (EV) industry gains momentum in India, it is essential to provide consumers with affordable and accessible charging solutions. Considering the increasing number of EVs on the road and the relatively limited number of charging stations, there are certain…

Foxconn Electric Vehicle Venture Eyeing India Or Thailand For New Small Car Facility

Taiwanese company Foxconn’s venture attempting to make a standardised electric vehicle platform is eyeing India or Thailand for the production of a small battery-powered car under development, the unit’s chief executive told Reuters. According to the report, the firm’s EV…