evs

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New EV Policy Pushes Global Players to ‘Build in India’

The government, in a bid to promote India as a manufacturing destination for electric vehicles (EVs), is offering international manufacturers a reduced customs duty rate...

March 15, 2024

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Staff

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Electric Vehicles
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New Technology May Help EV Batteries Charge Faster, Last Longer

Scientists at the U.S. National Renewable Energy Laboratory (NREL) have developed a new manufacturing process called BatMan that could improve electric vehicle (EV)...

February 27, 2024

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Staff

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Technology
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Pure EV Raises $8 Million Funding to Expand Sales Network in India

Hyderabad-based electric vehicle (EV) manufacturer Pure EV has secured $8 million in the latest round of funding to help the company expand its sales network in India...

February 20, 2024

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Staff

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Electric Vehicles
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FAME-II Budgetary Outlay for Electric Vehicles Increased by $180.7 Million

The Ministry of Heavy Industries (MHI) has enhanced the budgetary outlay of the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) program...

February 12, 2024

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Staff

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Electric Vehicles

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Markets & Policy
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China Bans Export of Rare Earths Extraction and Processing Technology

In yet another move to protect its control over clean energy supply chains, China has banned the export of technology to extract and process some rare earth metals. The...

December 26, 2023

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B.S. Nagaraj

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Other

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Renewable Energy
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EV Manufacturers Received ₹52 Billion in Subsidies Until December 1, 2023

Subsidies worth ₹52.28 billion (~$627 million) have been disbursed to electric vehicle (EV) manufacturers on the sale of ~1.15 million EVs, as of December 2023, in a bid...

December 6, 2023

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Staff

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Electric Vehicles

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Grid
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Hyundai to Manufacture 200,000 EVs Annually at New South Korea Plant

Car maker Hyundai Motors is setting up a new electric vehicle (EV) plant in Ulsan, South Korea, with an investment of KRW2 trillion ($1.53 billion). The construction for...

November 13, 2023

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Staff

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Electric Vehicles

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Manufacturing
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Australia Announces $1.26 Billion Financing to Boost Critical Minerals Sector

The Australian Government has announced an AU$2 billion (~$1.26 billion) expansion in financing critical minerals, including rare earths. This expansion of the funding...

October 26, 2023

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Arjun Joshi

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Other

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Renewable Energy
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Epsilon to Acquire Cathode Active Material Research Center in Germany

India-based Epsilon Group, a battery materials manufacturer, has entered into an agreement to acquire John Matthey’s Technology Center focused on lithium-ion...

October 4, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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Global Investments in Clean Energy to Reach $1.8 Trillion in 2023: IEA

Global investments in clean energy could reach an unprecedented $1.8 trillion in 2023, but this must increase significantly to about $4.5 trillion annually by early 2030...

September 29, 2023

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Rakesh Ranjan

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Other

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Renewable Energy
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Battery Maker LG Energy Solution Raises $1 Billion in Green Bonds

Battery manufacturer LG Energy Solution has raised $1 billion through its inaugural global green bonds. The funds raised will be used to expedite investments in the...

September 20, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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Gulf Oil Lubricants to Acquire Majority Stake in EV Charging Firm Tirex Transmission

Gulf Oil Lubricants India (GOLIL), an India-based lubricant manufacturing firm, is set to acquire a 51% stake in the electric vehicle (EV) charging solutions provider...

August 28, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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Tata Power’s Residential Rooftop Solar Business Grew 87% YoY in Q1 FY24

Tata Power, an integrated power company, reported a net profit of ₹11.41 billion (~$137.71 million) in the first quarter (Q1) of the financial year (FY) 2024, marking a...

August 10, 2023

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Rakesh Ranjan

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Finance and M&A

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Other
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India has Potential to Attract Global Investments in Battery Recycling

The collective capacity of lithium-ion batteries in India across various sectors is projected to reach approximately 600 GWh by 2030, according to a report by NITI Aayog...

August 2, 2023

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Rakesh Ranjan

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Energy Storage

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Market & Policy
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Bhopal Invites Bids to Set Up EV Charging Stations

Bhopal Smart City Development Corporation (BSPDCL) has invited bids to set up two electric vehicle (EV) charging stations with five charging points per station under a...

July 21, 2023

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Rakesh Ranjan

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Electric Vehicles

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Grid

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