Nissan will Invest Over $1 Billion to Make EV Versions of its Best-selling cars in the UK
Nissan will invest more than 1 billion pounds ($1.3 billion) to update its factory in northeast England to make electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s ailing…
Ashok Leyland to Invest Rs 1.2K Crore in its EV arm
Leading commercial vehicle maker Ashok Leyland (AL) will be making an investment of Rs 1,200 crore in its electric vehicle (EV) arm Switch Mobility- through its holding company Optare PLC UK. The decision to infuse own funds come after the…
Rail-Served EV Battery Plant Coming to North Carolina
A subsidiary of Mumbai, India-based Epsilon Carbon Private Limited, EAM is slated to invest $649.9 million in the plant, which will be built at the Mid-Atlantic Rail Industrial Park in Brunswick County. It is expected to create 500 jobs with…
Ola Electric Raises ₹3,200cr for Expansion
Ola Electric has raised Rs 3,200 crore from Temasek-led investors and SBI, the e-scooter maker said on Thursday. The funding – a mix of equity and debt – will be used towards the expansion of Ola’sEV business and setting up…
Stellantis Plans To Invest 1.5 Billion Euros in Chinese EV Manufacturer Leapmotor
Stellantis plans to invest about 1.5 billion euros, or about $1.6 billion, in Leapmotor, a Chinese electric vehicle manufacturer, the companies said late Wednesday. The European-based maker of Jeep and Ram and Leapmotor said in a joint statement that they…
AUTOMOBILES VinFast To Invest $400m On India, Indonesia EV Factories
VinFast aims to build factories in India and Indonesia, while anticipating a $1.2 billion cash infusion from its founder and others as the Nasdaq-listed electric vehicle producer hopes to reach 50 markets by the end of 2024. Vietnam-based VinFast sold…
India To Draft New Ev Investment Policy
India will come up with a new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, the commerce minister said on Wednesday. Piyush Goyal’s comments come as U.S. EV maker Tesla (TSLA.O) continues talks with…
Bmw Says It Will Invest $750 Million To Build Electric Minis In Oxford
BMW said on Monday that it would invest 600 million pounds, or about $750 million, to build electric versions of its popular Mini car models in Britain. The German manufacturer’s move allays fears that the combination of Brexit and the…
French Carmaker Renault India Considers Bringing An Electric Car In 2024
French carmaker Renault, which has announced an investment of Rs 5,300 crore alongside its partner Nissan for India, is considering introducing a new electric car for the Indian market. This vehicle would be based on the Spring Electric architecture that…
China’s Huayou Mulls $20b EV Battery Investment In Morocco’s Sahara
Huayou, a Chinese manufacturer of electric vehicles battery materials, would invest 200 billion dirhams or $20 bln in a plant in Morocco’s region of Laayoune Sakia El Hamra in the Sahara, the regional investment center announced. A delegation of the…
