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…
Chinese EV Firms Eager To Join FTI
Chinese electric vehicle (EV) manufacturers are keen to become members of the Federation of Thai Industries (FTI) to help drive the fledging EV industry in Thailand. The FTI is in talks with Chinese car manufacturers and hopes to reach a…
Kabira Mobility Raises $50M From Qatar-Based Al-Abdulla Group
Panjim-based electric two-wheeler maker Kabira Mobility has raised $50 million (close to Rs 412 crore) funding from Qatar-based Al-Abdulla Group. The company plans to use the capital to fund its growth in the country. It also aims to ramp up…
The Rocky Road To EV Financing
Tata Motors’ decision was taken despite the fact that the company had bagged 66 percent of the business in the first phase of the tender in 2022, where the company was supposed to deliver and operate about 3,600 electric buses…
Britishvolt Receives £40 Million In Funding For A Battery Facility For EVs
The UK startup Britishvolt has gained new investment worth £40m from Glencore in the latest stage in its ambitious plan to build one of the UK’s few large-scale battery factories. It is aiming to treble its funding with £200m in…
Capital A Establishes A $10M Fund To Boost India’s EV Ecosystem
Capital A, a venture fund for seed to early-stage meaningful start-ups has set up a $10-million (around ₹75 crore) cleantech fund “Evolve” to back funding for electric vehicle-related startups in India The fund, which has been christened as Evolve, will…
Ford Is Making A MultiBillion-Dollar Investment In Electric Vehicles
Ford Motor Co. announced a historic investment in its future that will pump more than $11 billion into manufacturing a strong, dependable supply of essential parts for electric vehicles, creating nearly 11,000 jobs along the way. This commitment — the…
Hyundai Mobis Increasing Investment In Future Auto Parts
Hyundai Mobis has made investments in key auto parts such as brakes, airbags, lamps, steering systems and automotive electronics since 1999, when Hyundai Motor Group reorganized itself. Despite the steady investments, the after-sales service subsidiary of the group is yet…
