Bajaj Auto Amplifies Its EV Commitment With a ₹500 Crore Investment Plan For 2023
Bajaj Auto is pushing up its efforts in the electric vehicle (EV) market for both two-wheelers and three-wheelers. After passing the phases of evaluating product performance in the actual world and customer reactions, it has planned additional releases and investments. In a post-earnings…
VW-Xpeng Deal Is Evidence of China’s Growing EV Dominance
German auto giant Volkswagen AG’s $700 million investment in Xpeng Inc. is a vote of confidence in the electric-vehicle upstart and the latest sign of how rapidly China is starting to dominate the global transition to clean vehicles. The deal…
Nissan To Invest $663 Million In Renault’s EV Unit
Nissan Motor said it will invest up to $663 million in the electric vehicle unit of its alliance partner Renault. Nissan has committed to invest in Ampere – Renault Group’s new EV and software entity in Europe – up to…
Pravaig And Saudi India Venture Studio Sign MoU For AI & EV Industry Cooperation
Pravaig, a Banglore based Electric Vehicle (EV) Original Equipment Manufacturer (OEM), has signed a memorandum of understanding (MOU) with Saudi India Venture Studio on the concluding day of G20 YEA India Summit 2023. “We are delighted to join hands with Saudi India…
BYD Plans $1 bln India EV Investment
Reuters sources say the world’s biggest maker of EVs and hybrids has submitted a $1 billion investment proposal to regulators. They say it wants to build electric cars and batteries there. That would be in conjunction with local firm Megha…
Gogoro Unveils Investment In India
A regional government in India has offered Gogoro Inc (睿能創意) a role in its Ultra Mega Project to build an electric-scooter ecosystem over the next eight years, with the investment estimated to top US$1.5 billion, the company said yesterday. The…
Investment And Vehicle Registrations Dip In Electric Two-wheeler Segment
Two-wheeler EV registrations fell 1% MoM to 76,163 units in November Despite a 0.5% decline, Ola Electric saw the highest number of vehicle registrations at 16,246 units during the month, as per Vahan data Okinawa Autotech witnessed a significant dip…
White House EV Investment Push Especially Benefits One Region
The U.S. Department of Energy is driving full speed ahead into the electric vehicle future. It’s providing a $9.2 billion low-interest loan to automaker Ford and its South Korean partner, SK On, to build three EV battery factories: two in Kentucky, one in Tennessee. The…
Philippines Says China’s Yadea To Invest $1 Billion In EV Battery Plant
China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in a battery factory in the Philippines, the country’s investment promotions agency chief said on Thursday. Yadea is one of a…
Delta Electronics Expands India Manufacturing, Aims For 40% Market Share In EV Charging
Taiwan-based Delta Electronics aims to become a major provider of Electric Vehicle (EV) charging stations in India, targeting a market share of 40 per cent within the next 3-5 years, Managing Director Niranjan Nayak told ETEnergyworld in an exclusive interview. The $8 billion company offers a range of charging…
