Foxconn And Vietnam’s VinFast Explore Partnership, Talks Focus On Batteries, EV Parts
Vietnam’s largest conglomerate Vingroup said its car unit was in early stage talks with Taiwan’s Foxconn about working together and that any partnership formed would focus on developing batteries and electric car parts. Foxconn has proposed acquiring EV production lines…
U.S. Senators Press Biden To Set End Date For Gas-Powered Car Sales
California’s two U.S. senators are urging President Joe Biden to set a firm date to phase-out gas-powered passenger vehicles as the White House grapples with how to rewrite vehicle emissions rules slashed under President Donald Trump. In an unreported letter…
‘Boost to E-Mobility’: Indian Oil Partners With Israel’s Phinergy To Manufacture Metal-Air Batteries
The Indian Oil Corporation (IOC) entered into a collaboration with the Israeli start-up company Phinergy to form IOC Phinergy Private Limited. The collaboration will manufacture Aluminum-Air systems in India to boost the “Make in India” programme and recycle used Aluminum…
Electric Vehicle Startups Euler Motors And BLive Raise Funding
Euler Motors, an electric vehicle startup, has closed its Series A round at $9.5 million with an additional infusion of $2.6 million (around Rs 18.87 crore). In a statement, the company said it has raised this capital from ADB Ventures,…
Bharat Forge To Undertake Electric Vehicle Biz Through Wholly-Owned Unit
Auto components firm Bharat Forge said it intends to undertake electric vehicle (EV) business through a special purpose vehicle, which would be a wholly-owned subsidiary of the company. As an initial step, the company has decided to acquire newly formed…
China’s Geely To Add $5 Billion Battery Plant In EV Push
Geely said it would build an electric vehicle battery factory with a planned annual manufacturing capacity of 42 gigawatt hours (GWh) in China’s eastern city of Ganzhou, as it expands its EV line-up in the world’s biggest car market. The…
Petition Filed To Bring Hydrogen Fuel Cell-Based Electric Vehicles Under FAME Program
In an attempt to bring the hydrogen fuel-based vehicles and infrastructure under the ambit of the Faster Adoption and Manufacturing of Electric Vehicles (FAME-II) program, public interest litigation (PIL) has been filed before the Delhi High Court by a practicing…
Governments Invest In Electric Vehicle Battery Plant
The governments of Canada and the province of Quebec will make an equal investment totalling almost $100 million for the creation of a highly-automated battery-pack assembly plant in St-Jerome, an hour north of Montreal. The project which will require an…
Volkswagen To Build Six Electric-Vehicle Battery Factories In Europe
Volkswagen AG said it would invest in six large battery factories and build out charging infrastructure, highlighting some global auto makers’ push to take control of battery making as electric vehicles boom. The world’s automotive industry is pivoting to electric…
Chinese Tesla Rival Xpeng Motors Gets $76 Million Investment From Government
China — Electric carmaker Xpeng Motors has got a new round of investment from the government of the southern Chinese province of Guangdong. The 500 million yuan ($76.9 million) funding from Guangdong Yuecai Investment Holdings Co., the province’s investment arm,…
