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

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#Electric Vehicles

EVs Consumed 204.99 Million Units At Charging Stations In FY23

Electric vehicles which charged in charging stations across India consumed 204.99 million units of power in FY23. The data has been collected for the first time ever by Central Electricity Authority (CEA) from power distribution companies (discoms) across the country….

China’s EV Market Recovers, KARS A Fund To Watch

EV manufacturers in China almost all reported rising sales in May as consumer and EV market recovery continues. As demand continues to grow, the KraneShares Electric Vehicles and Future Mobility ETF (KARS) remains well positioned to capture gains.  China is home to…

Tata Motors Total Sales Decline YoY, Electric Cars Give Firm A Boost

Tata Motors sold 74,973 vehicles in May 2023, down 2 per cent year-on-year (YoY) as the automaker made gains in the electric cars (EV) market.   The company’s total private vehicle sales went up by 6 per cent YoY at…

Servotech Leads The Way In EV Charging Technology

Servotech Power Systems Limited, the EV charger manufacturer in India, showcased its extensive range of EV DC fast chargers at the Electric Vehicle Innovation Summit in Abu Dhabi. The 3-day summit, in collaboration with their Middle East distribution and marketing…

New Energy Electric Vehicles In Gangbei District Of Guigang City Enters The ASEAN “Blue Ocean” Market

Recently, Guangxi Guigang Fushuai Electric Vehicle Co., Ltd. and PT. DFU INTERNATIONAL INDONESIA signed the first batch of directional purchase contracts for 20,000 new energy electric vehicles in Jakarta, Indonesia. Crystal Huang, CEO of PT. DFU INTERNATIONAL INDONESIA, said that driven…

Ford CEO Says Biggest Rival Is China

Ford CEO Jim Farley says China is its biggest competitor in the electric vehicle market as it looks to compete with the likes of BYD, Geely, SAIC Motor, and Great Wall Motor.  At the recent Morgan Stanley Sustainable Finance Summit conference,…

Tesla Model Y Becomes First Electric Vehicle With ‘World’s Best-Selling Car’ Title

Tesla Model Y has become the first all-electric vehicle to be billed as the world`s bestselling car, a report has shown. Tesla Model Y surpassed Toyota`s RAV4 and Corolla models to top global sales rankings in the first quarter of…

Delhi To Have More EV Charging Stations, NDMC Gives Nod

The New Delhi Municipal Council (NDMC) has recently approved a project to open more EV charging stations and another to revamp electricity transmission and distribution through Revamped Distribution Sector Scheme (RDSS).  The projects were approved on Wednesday at the NDMC…

Ola Electric Gears Up For India’s Largest Automotive IPO By Early 2024

Just a few days after it secured $300 million in fresh funding led by a sovereign fund, Ola Electric, India’s largest electric vehicle company, is said to be in talks with financial and legal institutions to go for the much-awaited…

China Electric Farm Tractors Market Trends

China’s electric farm tractor market is still in its early stages of development, but there are signs of growth and potential for future expansion. The electric farm tractor market in China is forecasted to grow at a CAGR of 11%…