Liux Geko is a micro-electric car made by a Spanish startup named Liux, comes with a truly sustainable nature. The EV is claimed to have its body materials made from plants. The startup claims that this tiny urban EV is a smaller and more affordable follow-up to the Animal crossover that was unveiled in late […]
More Lithium For EVs: After J&K, New Reserves Found In Rajasthan – EQ Mag
Lithium reserves have reportedly been found in Degana’s Renvat hill and its surrounding areas in Rajasthan, which once supplied tungsten to the country As per officials, the quantity of lithium in Degana is higher than in Jammu & Kashmir and can cater to 80% of the country’s demand Lithium is one of the major elements […]
Joy e-bike in India embarks on a Digital Journey with Excellon Software – EQ Mag
NAGPUR, India : The EV Industry Specialist, Excellon Software, announces yet another Electric Vehicle manufacturer to the portfolio of its customers, the Joy e-bike from WardWizard Innovations and Mobility Limited. WardWizard is an innovation-driven company in the sunrise segment like EV Industry. It is also the country’s 1st Electric Vehicle Manufacturer, which got listed in […]
Brazil’s ride-hailing app 99 aims to double electric cars within a year – EQ Mag
SAO PAULO : Brazilian ride-hailing app 99 is planning to more than double the number of electric cars serving its passengers in Brazil in the next 12 months, with a goal of reaching 1,000 vehicles, the company said on Monday. The target was announced as the Alliance for Sustainable Mobility, a group of 11 companies […]
US electric vehicle startups set for another quarter of steep cash burn – EQ Mag
U.S. electric-vehicle startups are expected to report another quarter of dwindling cash reserves next week, piling pressure on a group of companies that are struggling to ramp up production and have few options for funding in a turbulent economy. Having gone public with hopes of shaking up the automobile industry, these companies have seen their […]
Rs 6 crore incentives handed out to 964 EV buyers in 8 months in Chandigarh – EQ Mag
CHANDIGARH: The Chandigarh Renewable Energy and Science and Technology Promotion Society (Crest) of the UT administration has released over Rs 6 crore in incentives to 964 purchasers of electric vehicles (EVs)since the launch of the scheme in September last year to April 30. Under an “Early Bird Scheme” -a special incentive to woo buyers till […]
India to become export hub for Skoda Auto from next year, says co official – EQ Mag
Czech car maker Skoda Auto has said India will become an export hub for the company as it is set to commence exports of vehicle kits for assembly in Vietnam from next year. The company, which posted a whopping 125 percent year-on-year surge in its vehicle sales at 53,721 units in 2022, also sounded hopeful […]
Battle for China’s electric SUV market heats up at home and abroad – EQ Mag
SHANGHAI : China is ground zero for the price war in electric vehicles and the battleground is shifting to SUV-styled EVs, the largest segment of the market, dominated by Tesla Inc and BYD. The market, crowded with more than 90 models, is about to get even tighter with at least 20 new models of both […]
Toyota India starts exporting EV components to Japan – EQ Mag
TKAP has started exporting the e-Drive (a key part of the electrified powertrain) to Japan, and to Indonesia and Thailand. The fact that Toyota India is exporting the e-Drive to Japan is a shot in the arm for the Make in India initiative, considering that quality standards of Japan are so tough to meet. In […]
TI Clean Mobility signs definitive agreements to raise further capital for EV biz – EQ Mag
With the execution of definitive agreements for the balance Rs 675 crore, the capital infusion plan for Rs 1,950 crore has been fully tied up. TI Clean Mobility (TICMPL), a subsidiary of Tube Investments of India (TII), has signed definitive agreements to raise further capital of Rs 675 crore by way of Compulsory Convertible Preference […]