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Volvo To Build Electric Motors In-House For Its Next-Generation EVs

Volvo makes no secret of its plans to become a fully electric carmaker and wants to be able to build as many of the necessary components in-house. The company has announced significant investments to “allow for the in-house design and…

New BYD EV Platform To Come In 2021

According to the most recent reports from China, Lian Yubo, senior vice president of BYD, hinted at a new EV platform scheduled for market launch in April 2021. The new models, based on this new platform, should have cost, range…

Tesla Captures Almost 80% Of South Korean Imported EV Market

Korean media reports that during the first nine months of this year, Tesla sold in South Korea 10,518 electric cars, which is a dominant number in the imported EV segment – over 79%. The total number is 13,261, and only…

Citroen India To Enter Mass Market EV Space By 2022, To Bring In Flexi-Fuel Cars By 2021

French carmaker Groupe PSA is planning to focus on cleaner fuel including electric powertrain and SUVs for its Citroen brand to carve a space for itself in the highly competitive Indian passenger vehicle market. Groupe PSA is working on a…

SECI To Empanel Agencies To Scale Innovative Electric Mobility Technologies

The Solar Energy Corporation of India (SECI) has floated an expression of interest (EoI) to empanel agencies to identify and implement business opportunities in the electric and transformative mobility space. It said that this EoI was issued to help India…

EeVe India Partners With ZestMoney To Provide EMI Solutions To Customers

The electric two-wheeler manufacturer, EeVe India, announced its partnership with ZestMoney, an AI-driven financing platform for providing EMI solutions to customers. With ZestMoney, customers with no previous CIBIL score can also get access to financing, according to the release. The…

Tamil Nadu Chief Minister Flag Offs Solar And Electric Powered Rickshaws

Tamil Nadu Chief Minister K Palaniswami flagged off 13 types of solar and electric powered rickshaws, driven by women as a part of an initiative to protect the environment and empower women. According to its press release, K Palaniswami signed…

China’s Electric Carmaker WM Motor Pulls In $1.47B Series D

Chinese electric vehicle startup WM Motor just pocketed an outsize investment to fuel growth in a competitive landscape increasingly coveted by foreign rival Tesla. The five-year-old company raised 10 billion yuan ($1.47 billion) in a Series D round, which will…

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…

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,…