Businesses in India are seeking government support to meet a target for at least 65% of all new vehicle sales to be electric by 2030, according to a CEO-led organisation of major companies worldwide which is leading the push. More than 25 companies, including automakers Mahindra & Mahindra (MAHM.NS) and Volvo (VOLVb.ST), oil giant Shell […]
Electric Vehicles
China’s electric vehicle industry in tatters
As China experiences severe power shortages, the EV sector is struggling to keep pace with the hype around the booming sector, as the bubble is waiting to be burst sooner than later. New Delhi: The world has been in debt to the Chinese electric vehicle (EV) industry because of the governments push for emission reduction […]
Delhi government floats tenders for inducting 140 electric buses
The request for qualification and proposal has been issued for operation of the 140 electric buses under the cluster scheme of the Delhi government, said a Transport department notice. New Delhi: The Delhi Transport Department on Wednesday floated tenders for inducting 140 low floor, air-conditioned electric buses, to strengthen the public transport fleet and check […]
Tata Motors to raise $1 BN in its Passenger Electric Vehicle business at a valuation of upto $9.1 BN from TPG Rise Climate
Tata Motors Ltd (TML) and TPG Rise Climate have today entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible instruments to secure between […]
Toshiba Develops Next Generation Lithium-Ion Battery for Electric Trucks with 1.5x the Capacity
In order to lower the potential range anxiety for consumers, various auto and cell manufacturers have been working to extend the driving range of EVs, and Toshiba has recently developed a new lithium battery for large EVs with 1.5 times the capacity thanks to the negative electrode (anode) materials produced by niobium oxide. Niobium is […]
Skills gap to slow down EV sector’s growth? – EQ Mag Pro
South Koreas three major players, which command a third of the global electric vehicle (EV) battery market, told Reuters they were all grappling with a shortage of research and engineering specialists as demand for the technology balloons. The South Korean battery giants powering many of the world’s electric vehicles face a skills shortage that could […]
7 Electric Vehicle Stocks For Investors To Keep An Eye On – EQ Mag Pro
Electric vehicles are becoming increasingly popular in India. Alarming levels of pollution and increasing fuel prices are pushing widespread demand for electric vehicles, making EV stocks the hottest trend. Finding the right company to ride the wave could be difficult, as some companies have amassed enormous money and their valuations have skyrocketed. With the recent […]
Retained top spot in electric two-wheeler space with sales of over 6,500 units in Sep: Hero Electric – EQ Mag Pro
New Delhi : Hero Electric on Wednesday said it has retained top position in the electric two-wheeler segment with sales of over 6,500 units last month. The overall rise in demand for electric vehicles fuels the growth for Hero Electric high speed vehicles, securing its top position in the segment, the company said in a […]
Omega Seiki joins hands with Exicom Tele-systems for lithium-ion batteries – EQ Mag Pro
New Delhi : Omega Seiki Mobility on Wednesday said it has entered into a partnership with Exicom Tele-systems for lithium-ion batteries for its electric cargo vehicles. Under the partnership, the company would receive Exicom”s recently launched 10.8 kW fixed batteries that give a range of 120 kms on full charge and added features of real […]
KWh Bikes raises USD 2 mn in seed funding round – EQ Mag Pro
New Delhi : Start-up electric scooter maker kWh Bikes on Wednesday said it has raised USD 2 million (around Rs 15 crore) in a seed round led by private market online investment platform, Let”s Venture along with individuals, including Paytm founder and CEO Vijay Shekhar Sharma. The round also saw participation of Better Capital and […]