Electric Vehicle Infrastructure Company RACEnergy Opens 10,000 Sqft Battery Facility In Telangana
Electric vehicle infrastructure company RACEnergy, specialising in battery swapping, inaugurated its new battery production facility spanning over 10,000 square feet, on Wednesday. The facility is equipped with a 50 Mwh battery production plant, enabling the manufacturing of 30,000 batteries annually….
Nio Energy And CNOOC Sign Agreement Improving Electric Vehicle Charging
Nio Energy and China National Offshore Oil Refining Company (CNOOC Refining) have signed a strategic cooperation framework agreement on Tuesday in Anhui province, eyeing to jointly build the electric vehicle charging and battery swapping infrastructure in the country. The initiative…
Kejriwal Opens 42 EV Charging Stations In Delhi
Delhi CM Arvind Kejriwal inaugurated 42 new electric vehicle charging stations, bringing the total in the city to 2,500. The new stations include 140 charging points and 48 battery swapping centres. Kejriwal said that since the introduction of the electric…
Electric Two-Wheeler Sales Set To Crash By Over 60 Percent In June 2023
The Ministry of Heavy Industries’ recent reduction of the FAME-II subsidy is severely impacting India’s electric two-wheeler growth. The number is likely to plummet back to the modest sales numbers of June 2022 – 40,000 to 45,000 units – according to industry analysts…
BYD India partners Bajaj Fin For Dealer Finance
Chinese electric vehicle maker BYD’s subsidiary BYD India has signed an initial pact with Bajaj Finance for access to finance to its dealers and customers in the country, the company said on Wednesday. The strategic partnership aims to provide comprehensive…
China EV Sales Defy Subsidy Cuts, Maintain Strong Growth in Q1 2023
China’s passenger electric vehicle* (EV) sales grew 29% YoY in Q1 2023, according to the latest research from Counterpoint’s China Passenger Electric Vehicle Model Sales Tracker. Battery EVs (BEVs) made up nearly 70% of the sales. There was a remarkable 88% YoY surge in plug-in hybrid EV (PHEV) sales…
Oben Electric Gets Rs 40 Crore Funding In Pre-Series A Round
Bengaluru-based electric vehicle start-up Oben Electric has raised Rs 40 crore in an extended pre-series A round, bringing their total Pre-Series A fundraise to Rs 72 crore (equity & debt). With this, it has raised Rs 88 crore since its…
Kia India Recalls 30,297 Units Of Carens For Software Update
South Korean carmaker Kia on Tuesday recalled 30,297 units of Kia Carens in India for a software update. The recall campaign has been initiated to inspect any potential error in the cluster booting process that may cause the cluster to…
Tap Into The Green Opportunity With An Electric Vehicle Charging Station Of Your Own
Amid the rising prices of gasoline and fuel, the electric vehicles market has been on a steady rise. With low operational costs and growing consumer interest, investing in an EV charging station presents a lucrative business opportunity. By capitalising on…
Sino-German Cooperation To Boost New Energy Vehicle Sector
German and Chinese carmakers are optimistic about more exchanges and cooperation as the two countries are forging closer relations in the automotive industry. BMW, Mercedes-Benz and Volkswagen signed letters of intent with China’s National Development and Reform Commission in Berlin…
