LME Works With Chinese Commodities Exchange To Launch EV Battery Metal Contracts As Demand
Qianhai Mercantile Exchange (QME), a Chinese commodities trading platform, is working with its sister company, the London Metal Exchange, to launch battery metal contracts. The bourse, owned by Hong Kong Exchanges and Clearing (HKEX), was studying the possibility of offering investors…
German Chancellor Olaf Scholz Visits SUN Mobility facility In Bengaluru
German Chancellor Olaf Scholz on Sunday visited SUN Mobility facility in Bengaluru. SUN Mobility, the leading provider of universal energy infrastructure and services for electric vehicles (EVs) showcased futuristic mobility and energy solutions to Scholz, the company said in a…
17.3% Of New Cars In Europe Fully Electric, 27.7% Have A Plug
The European automotive market is back in the black, with a 17% growth rate in November. It seems the worst of the automotive component crisis is over. Although, with an energy-derived recession knocking on the door, this uptick might not…
Toyota Rolls Out C-HR Plug-in Hybrid
Toyota on Monday teased a plug-in hybrid version of its C-HR subcompact crossover and confirmed more all-electric bZ models for Europe. The Toyota C-HR Prologue Concept shown Monday previews a next-generation model scheduled to debut in the near future. Toyota…
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…
