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

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BYD To Build 20 GWh Battery Plant In China

BYD is further expanding its battery production capacities in China with a new plant in Wenzhou in Zhejiang province. The new factory will have an annual capacity of 20 gigawatt-hours and is scheduled to start production in 2024. The only…

Statiq To Install EV Charging Hubs in 17 Locations of Nexus Mall

Statiq on Wednesday announced the collaboration with Nexus Malls to set up electric vehicle chargers across parking lots at its 17 locations across India. “The collaboration will bolster EV charging facilities across the country at prime locations,” the company said…

Stellantis Looks To India For Affordable EVs For Europe Amid Competition From China

Fiat parent Stellantis has concluded it can’t currently make affordable electric vehicles in Europe and is looking at lower-cost manufacturing in markets such as India, its chief executive told reporters. If India, with its low-cost supplier base, is able to…

Chinese NEV Startup Letin Closes ‘Series A’ Funding

Chinese new energy vehicle startup Letin announced on Monday the completion of its Series A financing, which raised for the company a total of 3.2 billion yuan ($446.896 million). According to the company’s press release, the fresh round was led…

EU Plans Subsidy War Chest As Industry Faces ‘Existential’ Threat From US

The EU is in emergency mode and is readying a big subsidy push to prevent European industry from being wiped out by American rivals, two senior EU officials told POLITICO. Europe is facing a double hammer blow from the U.S….

iVOOMi Introduces New Variants Of Electric 2-Wheeler With Increased Speed

EV company iVOOMi Energy has introduced new variants of e-scooters for its model S1 with increased speed for consumers in India. Starting at Rs 69,999 and ranging up to Rs 1,21,000, the latest series of S1 high-speed e-scooters will be…

EVs Can Plug Demand-Supply Mismatch Of Zomato, Swiggy Delivery Agents

India has witnessed a 218 per cent growth in sales of electric vehicles, or EVs, in the last fiscal year. However, high growth rates are typical for sunrise sectors, and EVs captured under 1 per cent of the total sales…

China’s Electric Car Market Becomes A Challenge For Foreign Joint Ventures

A slow roll-out of electric cars and continued demand for internal combustion engine models in China, the largest market for cleaner vehicles, is setting some of the world’s biggest car makers back. Among the joint ventures of major international players,…

Non-Tesla Supercharger Pilot Program Enters Italy

Italy is the latest country listed by Tesla in the European Non-Tesla Supercharger Pilot program, which currently includes a three-digit number of stations. As in the case of most of the other countries, also in Italy only some of the…

Electric Vehicle Charging Infrastructure – Opportunities And Challenges

We are making the most updated vehicles of the 21st century and this shows massive strides in the field of vehicle and technology. But for promoting massive EV adoption, it is essential that the battery industry, charging infrastructure, and local…