Chinese EV Maker Nio Surges on $1.9 Billion Investment
Nio’s (NIO) U.S.-listed shares surged in early trading Monday, after the Chinese electric vehicle maker announced a new investment over the weekend. A group of Chinese investors agreed to acquire newly issued shares of Nio China for a combined 3.3…
Light Across and PEKEMA Forge Groundbreaking Partnership to Launch Malaysia’s Local Electric Vehicle Brand
Light Across, Inc., an innovative electric vehicle brand from the United States, signed a cooperation agreement with The Vehicle Importers and Dealers Association of Malaysia (“PEKEMA”). The signing ceremony and test drive event will be held in the near future….
Axis Bank Extends Rs 1 Billion Loan to Muthoot Capital to Bolster e-mobility in India
Axis Bank in partnership with GuarantCo, part of the Private Infrastructure Development Group (PIDG), has extended a loan worth Rs 1 billion guarantee to Muthoot Capital, to augment the purchase of electric two-wheelers. GuarantCo has provided a 65 percent on-demand…
BMW Unveils All-New Electric Scooter CE 02 in India, Priced at Rs 4.49 Lakh
On October 1, global automobile giant BMW launched the all-new BMW CE 02 in India, with an introductory ex-showroom price starting at Rs 4,49,900. According to a company statement, this new electric mobility solution is designed specifically for urban and…
PM E-Drive EV Subsidy Scheme Comes Into Effect In India Amid Global EV Slowdown
The government has notified a new subsidy scheme for adoption of electric vehicles in the world’s third-largest automotive industry, even as the transition to electric mobility lags globally. Called the PM Drive Revolution in Innovative Vehicle Enhancement, or PM E-Drive,…
CollarEV is Leading the Way in India by Introducing the Electric Double Layer Super Capacitor Battery Technology Through PBS
In a groundbreaking development set to transform the electric vehicle (EV) industry, CollarEV Auto India, an electric two-wheeler & electric three-wheeler (E2W & E3W) Original Equipment Manufacturer (OEM), has announced using Super capacitor battery packs made by PBS Korea. This…
Vidyut Partners With JSW MG Motor India To Launch EV Ownership Program
Vidyut has announced a new collaboration with JSW MG Motor India, introducing a unique ownership program for electric vehicles (EVs) through its Battery-as-a-Service (BaaS) model. This initiative is set to make EV ownership more affordable by offering a pay-as-you-go battery…
PTI Foxconn, Stellantis Joint Venture Establishes R&D for Automotive Semiconductors Tech in India
SiliconAuto, a JV between Stellantis and Foxconn, has established its R&D centre in Bengaluru that will look at semiconductor product design and system on chip development for the auto sector, PTI noted. SiliconAuto CEO Gene Liu noted in a statement…
Zelio Drives in New High Speed Electric Scooter ‘Mystery’
Zelio Ebikes, an electric two-wheeler maker, on Thursday introduced its latest high-speed electric scooter, the Mystery, offering a range of 100 km on a single charge. Priced at Rs 81,999, the new scooter is designed for daily commutes. Powered by…
Magenta Mobility Expands to Over 2,000 EVs in 18+ Indian cities
Magenta Mobility, an integrated electric mobility solutions provider, has reached a milestone by deploying over 2,000 electric vehicles (EVs) across more than 18 cities in India. This development highlights the company’s efforts to support green logistics and promote the adoption…
