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

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India Lithium-ion Battery Market to Hit Market Size of USD 30,860.6 Million By 2032

Indian thium-ion battery market generated a revenue of US$ 5,116.4 Million in 2023 and is estimated to reach US$ 30,860.6 million by 2032 at a CAGR of 22.1% during the forecast period 2024–2032. The Indian lithium-ion battery market is the…

Ola Electric is Looking to Bid for Lithium Mining Rights

E-scooter maker Ola Electric is looking to bid for mining rights for lithium blocks, which are being auctioned by the Centre. Last year, the NDA government at the Centre launched the first part of its critical minerals auctions in a…

Anglo American to Partner with GEM on Electric Vehicle Battery Technologies

Anglo American announces the launch of a research and development project in collaboration with GEM, one of China’s largest battery and battery material recyclers, to explore new and more efficient technologies for the use of existing and alternative raw materials…

International Battery Company Powers up with $35M Funding to Bridge EV Gap in India

International Battery Company, a startup developing lithium-ion battery cells for electric vehicles, has raised $35 million as it plans to bridge the demand-supply gap in the growing EV market in India. Led by RTP Global, the pre-Series A round saw…

CATL Moves to Improve its Battery Tech in Chinese EVs

Contemporary Amperex Technology Co. Limited (CATL) aims to improve battery technology in Chinese vehicles and increase cell production in China. Recently, the Chinese battery supplier announced plans for its first plant in Beijing to supply Li Auto and Xiaomi’s electric…

China’s Nio Produces EV Battery With 1,000 Km Range

In a significant development for the electric vehicle industry, China’s EV manufacturer NIO Inc. (NIO) has successfully developed a battery with a range of 1,000 km (621 miles). The live test drive, streamed by CEO William Li, showcased the E17…

Mullen Enters New Phase of Battery Pack Testing

Despite the odds stacked against electric vehicle (EV) manufacturer Mullen Automotive, the company continues to push forward. Earlier this morning, management announced it would begin road testing its solid-state battery packs designed for its Class 1 electric cargo vans. As…

SAR Group’s Livguard Acquires Emuron Tech To Enter EV Battery Swapping Space

SAR Group’s energy solutions brand Livguard said it has acquired Delhi NCR-based battery swapping and IoT solutions startup Emuron Technologies to venture into the EV battery swapping space. However, the company did not disclose the financial terms of the deal….

Chinese-Thai Battery Plant Opens in Rayong, boosting Thailand’s EV mission

The new plant, located at Siam Eastern Industrial Park II in Rayong, is a significant step in the country’s ambition to become a global hub for electric vehicle production, said the president of Thailand’s oil and gas giant. NV Gotion…

Chinese EV Battery Giant CATL will Set up Research and Development Centre in Hong Kong

The world’s biggest maker of batteries for electric vehicles (EVs), Contemporary Amperex Technology (CATL), will set up a research and development centre in Hong Kong, the Post has learned. The establishment of the centre would mark another win for a…