Europe Leans On Asia For ‘Homegrown’ EV Batteries
Europe’s drive to build a homegrown electric vehicle battery industry is hitting roadblocks as investors shy away from giving startups sufficient funding to challenge the Asian companies that dominate the market. With the notable exception of Sweden’s Northvolt, some startups…
Servotech Secures DC Fast EV Charger Contract From BPCL
Servotech Power Systems Ltd, an NSE-listed EV charging solutions manufacturer, has secured a major project from Bharat Petroleum Corporation (BPCL) to supply and install 800 units of DC fast EV chargers at different locations across the country in the next…
Can EV battery Swapping Work In Europe?
Chinese electric car giant Nio recently announced plans to expand its operations and bring its fleet of electric models to Europe, including the UK. Nio co-founder Lihong Qin confirmed that after rolling out its ET5, ET7 and EL8 electric cars…
Triton EV Has Issued Rs.8060 Cr LoI To BEL For Purchase of 300 KW Li-Ion Battery Packs
A Letter of Intent (LoI) for the purchase of 300 KW Li-Ion Battery Packs for Triton’s Semi-Truck project in India was issued today by Triton Electric Vehicle India Pvt Ltd, a division of Triton Electric Vehicle LLC, USA, to Navratna…
China’s CATL Slows Battery Investment Plan For U.S., Mexico
Chinese battery giant CATL (300750.SZ) has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, two people with knowledge of the matter said. The…
Government Policies, Investments to Power Strong Growth of India’s EV Charger Market
The India Energy Storage Alliance (IESA), India’s leading industry alliance on energy storage, e-mobility, and green hydrogen has released its third annual edition of the “2022 India Electric Vehicle Charging Infrastructure & Battery Swapping Market Overview Report”, which examines the…
EU Parliament Adopts Targets For EV Charging Infrastructure
The European Parliament adopted on Wednesday (19 October) minimum requirements for charging infrastructure for electric cars, alongside provisions for other forms of mobility, addressing concerns that drivers are unable to charge their electric vehicles (EVs) when going on longer trips….
Electric Vehicle Battery Market Size To Worth Around US$ 559.87 Bn by 2030
The global electric vehicle battery market size was accounted at US$ 46.03 billion in 2021. The burgeoning sales of the electric vehicles across the globe are expected to significantly drive the growth of the EV battery market during the forecast…
Nissan, AESC To Build $460 Million Car-Battery Plant In Japan
Nissan Motor Co. is unveiling plans for a second car battery factory, betting that demand for electric vehicles will justify the investment in additional capacity. Envision AESC and Nissan will jointly operate the plant, to be built in Ibaraki prefecture…
GM Moves To Secure Critical U.S.-Sourced Lithium For Electric Vehicle Batteries
General Motors is moving to secure U.S.-sourced lithium, a metal crucial to electric vehicle batteries, through a strategic investment and partnership with a company called Controlled Thermal Resources. GM announced the deal as a way to accelerate the adoption of…
