Tesla to Scout Sites in India for $2 billion-$3 billion EV Factory
Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday, citing people familiar with the matter. The…
China Vows to Pull Out All the Stops for EV Supply Chain Buildup
The Chinese government plans to tap all the policy resources available to create a made-in-China electric vehicle supply chain, pressing three state-owned automakers to spend more on R&D. Business executives and senior government officials involved in EV policy announced plans…
Delta Electronics Launches EV Charging Solutions at Elecrama 2018
In support of the government’s electric mobility drive, Delta Electronics India Pvt. Ltd., a power and energy management company, today launched its complete range of energy efficient electric vehicle (EV) charging solutions in India, according to a company statement. The…
Servotech Partners With Electra EV For Innovative EV Charging Technologies
Servotech Power Systems Ltd. has announced a collaboration for a jointly owned revolutionary EV charger technology, forwhich they filed for patents recently. These ground-breaking solutions enable fast DC charging of any GB/T Bharat DC 001 vehicle (which are on sub…
China’s SAIC Aims to Slash Jobs at GM, VW Ventures and EV unit, Sources Say
CHINA’S SAIC Motor aims to cut thousands of jobs this year at its joint ventures with General Motors and Volkswagen and at an electric-car unit, two people with knowledge of the matter told Reuters. The state-owned automaker hopes to cut…
Ola Electric Raises $50 million in Debt Financing From EvolutionX Cap
Initial public offering (IPO)-bound electric two-wheeler maker Ola Electric Mobility Ltd has raised Rs 410 crore (about $50 million) through non-convertible debentures from EvolutionX Debt Capital, showed regulatory filings made with the Registrar of Companies (RoC). EvolutionX Debt Capital, a…
Medigus Subsidiary Completes Wireless EV Charging System
Medigus Ltd. (NASDAQ:MDGS), an Israel-based technology company, announced today that its subsidiary, Charging Robotics Ltd, has completed the installation of a novel wireless charging system for electric vehicles (EVs) in an automated parking system in Tel Aviv. This system is…
A Quarter Of EVs Sold In Europe This Year Will Be Made In China, NGO Predicts
In Europe, electric vehicles made in China are common, even though it might not seem like it at first. Last year, out of the roughly 300,000 EVs sold in the European Union, 19.5% were made in China, and that number…
Zetwerk Bags Largest Order From Indian Oil to Set up Over 1,400 Fast Chargers for EVs
Manufacturing unicorn Zetwerk on Thursday said it has bagged the largest order from India Oil Corporation to set up over 1,400 fast chargers for electric vehicles across the country. Indian Oil has floated a tender for 6,000 chargers, in which…
Electric Vehicles: India’s Share in Global PV Market May Rise to 7% by 2040
A latest estimate by Goldman Sachs has stated that India’s share of the global electric passenger vehicle market may go up to 7.1 per cent by 2040 from the current level of 1 per cent in 2024. As per estimates…
