Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial year, a top company official has said. Two-wheeler major Honda Motorcycle & Scooter India (HMSI) is gearing up to launch its first electric product in the country in the next financial […]
Electric vehicle battery startup ONE backed by BMW, Gates-led firm
Michigan-based Our Next Energy, which is developing an advanced battery for electric vehicles, has raised $25 million from investors ranging from German automaker BMW to a clean technology venture firm headed by Microsoft cofounder Bill Gates, the young company said on Monday. The round was led by Breakthrough Energy Ventures, the investment arm of Breakthrough […]
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 […]
Electric vehicle batteries: Major players and their expansion plans – EQ Mag Pro
The global auto industry’s shift to electric vehicles (EVs) has spurred an expansion race among battery makers, and caused a growing a skills shortage. Global sales of EVs, estimated at 2.5 million vehicles in 2020, is forecast to grow more than 12-fold to 31.1 million by 2030 and account for nearly a third of new […]
Ford announces $11.4 billion investment for electric vehicle production – EQ Mag Pro
This investment supports the company’s longer-term goal to create a sustainable American manufacturing ecosystem, and to accelerate its progress towards achieving carbon neutrality WASHINGTON : US car manufacturer Ford said Monday it plans to invest $11.4 billion in electric vehicle production, building four new plants that will create 11,000 new jobs by 2025. Together with […]
ARAI develops electric vehicle charger with indigenous technology – EQ Mag Pro
ARAI has recently signed MoU with Bharat Electronics Limited where ARAI will provide the know-how of the charges and Bharat Electronics will manufacture the chargers. The cost of the ARAI developed EV charger is expected to be in the range of ₹50,000-60,000. The Automotive Research Association of India (ARAI) has indigenously developed a charger for […]
Ford invests in electric vehicle battery recycling company – EQ Mag Pro
The Dearborn, Michigan, automaker will invest in Redwood Materials, a Nevada-based company founded by former Tesla executive JB Straubel. DEARBORN, Mich. : Ford Motor Co. is investing $50 million in an upstart electric vehicle battery recycling company as the automaker moves to shore up its U.S. battery supply chain. The Dearborn, Michigan, automaker will invest […]
Electric vehicle maker WardWizard to invest Rs 150 crore in next 6 months – EQ Mag Pro
Electric vehicle maker WardWizard Innovations & Mobility plans to invest Rs 150 crore in the business in the next six months as it looks to ramp up technology and infrastructure, among others, to meet the increased demand, a top company official has said. The Vadodra-based manufacturer sells its e-scooters and bikes under the ‘Joy e-bike’ […]
Surge in electric vehicle sales power lithium prices as shortages loom – EQ Mag Pro
More investment in lithium production is needed to meet future needs of the electric vehicle supply chain, analysts say LONDON: Lithium prices have jumped to their highest in more than three years thanks to an upsurge in electric vehicle sales, depleting stocks of the battery material in top consumer China. Targets to cut carbon emissions […]
Toyota to spend $13.5 bln to develop electric vehicle battery tech by 2030 – EQ Mag Pro
The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is moving rapidly to deliver its first all-electric line-up next year TOKYO : Toyota Motor Corp said on Tuesday it expected to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system, in a bid […]