As India’s Electric Vehicles Become More Popular, Batteries Are A Big Business Opportunity
The future of electric mobility is bright in India, says a recent report by the India Energy Storage Alliance (IESA). The country’s EV market is expected to grow at a CAGR of 49 per cent by 2030 and may even…
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…
Gogoro Bets High On Battery Swapping As It Enters India
Taiwan’s Gogoro recently announced its entry into the rapidly growing Indian EV two-wheeler market. The company has already worked with the Indian two-wheeler giant Hero Motorcorp to develop EV scooters. The latest announcement comes close to Hero’s launch of its…
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…
China’s Baidu Unveils Limited-Edition EV With Self-Driving Tech
Chinese internet search heavyweight Baidu has debuted a limited-edition electric vehicle equipped with autonomous driving features. The Robo-01 Lunar Edition is priced at 399,800 yuan ($55,300). Baidu’s EV joint venture has already received 1,000 orders and is making an additional…
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…
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….
