Page 13 - Electric Vehicles

Capital A launches $ 10-million fund to boost EV ecosystem in India

Capital A, a venture fund for seed to early-stage meaningful start-ups, on Tuesday announced the launch of a USD 10-million cleantech fund that will be utilised for funding electric vehicles

EV startups hunt for an edge as big automakers roll out vans and trucks

To survive in a world where the likes of Ford, Renault or Stellantis can make hundreds of thousands of vans a year, superior software or technology could make all the difference for new entrants

China greenlights Audi-FAW's $3.3 billion electric vehicle venture

The plant will start production in December 2024 and have the capacity to manufacture 150,000 cars a year, according to the regulator

Ashok Leyland in talks to raise $200 mn-$300 mn for EV arm Switch Mobility

The company said it is in talks with investors for both Switch and e-mobility as a service. Last July, US-based drivetrain-maker Dana had bought 1% stake in Switch for $18 mn

Global electric vehicles sales up 109% in 2021, Tesla leads with 14% share

Nearly 85 per cent of EVs sold globally were delivered to customers in Mainland China and Europe

Tata Motors expects CNG, EV sales contribution to go up in next 3-5 years

The Mumbai-based auto major is also bullish on the electric vehicle segment with sales expected to account for about 20 per cent of its overall dispatches over the next few years.

Cost efficiency will help win electric vehicle race: Hero MotoCorp

It has already tied up with Bengaluru-based Ather for its fast-charging technology

Hero Electric ties up with State Bank of India for retail finance

The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement

EVC Global seeks angel funding to install 10K EV charging stations

EVC Global, which currently offers location and mapping service of electric charging stations operators across the country on its app, is seeking angel funding to install 10,000 such stations by 2022.

Biden allocates $5 bn for EV charging network amid China threat

There are approximately 41,000 public charging stations in the US, with more than 100,000 outlets.

Tesla recalls nearly 579,000 vehicles as US agency increases scrutiny

The recall covers certain 2020 through 2022 Tesla Model X, S, and Y vehicles, as well as 2017 through 2022 Model 3s, according to records

Govt agencies using 5,384 electric vehicles, says Nitin Gadkari

In a written reply to the Lok Sabha, Nitin Gadkari said the maximum number of electric vehicles used by local authorities (1,352), followed by government undertakings (1,273)

Tesla to recall nearly 580,000 vehicles in US due to 'Boombox' function

The recall is the fourth made public in the last two weeks as US safety regulators increase scrutiny of the nation's largest electric vehicle maker

Reliance Industries to acquire stake in EV technology firm Altigreen

Based out of Bengaluru, Altigreen is an electric vehicle technology and solutions company for commercial last-mile transportation through 2/3/4 wheeled vehicles.

Can battery swapping power EVs for the long term in a cost-effective way?

Batteries can be charged away from swapping points, allowing more freedom in setting up swap facilities

Delhi govt to build EV charging stations at all state-run offices

the city government has decided to build electric vehicle charging stations at all government offices in the national capital which will be ready in three months.

Tesla: Biden finally hails Elon Musk amid tough Chinese EV competition

US President Joe Biden has said that the country is building a reliable national public charging network to counter Chinese challenge in the EV market

Volume recovery, extraneous export thrust to support margins at TVS Motor

Any value unlocking in the EV subsidiary could drive further gains

EV battery giant LG Energy Solution aims to boost sales by 8% in 2022

The newly listed South Korean firm, which accounts for a fifth of the global EV battery market, swung to profit in the October-December quarter

Audi weighing local production of electric vehicles in India

With the company deciding to go all-electric globally from 2033, it is a matter of time for local production of its electric cars, which has so far received a robust response in India.