Page 14 - Electric Vehicles In India

Electric vehicle components maker Matel raises $4 million in funding

Founded in 2017, Matel manufactures synchronous machines and motor controllers for e-mobility, industrial applications, agricultural pumping, and the HVAC sector

Chinese EV maker Leapmotor to enter India in third quarter of 2024-25

Stellantis and Leapmotor announced on Tuesday that they have received all required approvals to form Leapmotor International BV, a 51:49 joint venture led by Stellantis

US tariff hike on Chinese goods: Experts fear China may dump EV, batteries

India also has a policy in place that requires the government's approval to allow FDI proposals from countries sharing land borders, such as China

US plans to impose new tariffs on EVs, other Chinese green energy imports

The Biden administration plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China, according to a U.S. official and another person familiar with the plan. Tariffs on electric vehicles, in particular, could quadruple from the existing 25% to 100%. The plan was described by the people on condition of anonymity because they were not authorized to provide details ahead of a formal announcement. The tariffs, expected to be announced Tuesday, come as officials across the Democratic administration have expressed frustration over China's manufacturing overcapacity of EVs and other products that they say pose a threat to U.S. jobs and national security. Industrialized nations including the United States and its European allies fear a wave of low-priced Chinese exports will overwhelm domestic manufacturing. On the U.S. side, there is particular concern that China's green energy products will undermine massive ...

Ola Electric commences deliveries of its mass-market S1 X scooters

The S1 X range comes with the requested physical key and caters to customers with different range requirements

Maruti considering launching electric hatchback: MD & CEO Hisashi Takeuchi

Customers moving from two-wheelers to cars key to revitalising hatchback growth, says MD & CEO Takeuchi

Amazon unveils first electric seaport trucks amid push to slash emissions

The e-commerce giant said it already has eight of those semi trucks in use at the Los Angeles/Long Beach port complex, where every so-called drayage truck must be zero-emissions by 2035

M&M, Tata Motors, Maruti Suzuki: What is driving the rally in these stocks?

With 3XO's launch, M&M management aims to be among the top two players in the compact SUV segment over the course of three years

Hyundai India to have 5 new EVs by 2030, launch first electric SUV in 2024

Company will 'proactively build' charging stations to facilitate the adoption of EVs in country

Battery stocks' rally likely to extend in May after $2 billion surge

Exide and Amara Raja added a combined market value of about $2 bn in April as investors boosted their bets in the nascent clean car market

VinFast chief plans to invest $1 bn more from his fortune in EV maker

Pham Nhat Vuong also said Vingroup was considering listing its hospitality unit Vinpearl this year

Chinese EV manufacturers may be excluded from India's policy concessions

India will continue to allow imports of Chinese BYD vehicles but will not be extending investment opportunities

Automakers from GM to Volvo eye cuts as 2-way EV charging becomes real

For many years V2G remained largely theoretical, as the Nissan Leaf was the sole EV capable of it

Odysse Electric looking to raise $5-10 million for expansion, says CEO

Electric two-wheeler maker Odysse Electric is looking to raise USD 5-10 million to drive its growth plans, including new product development and scaling up manufacturing capabilities, as it sets sight on the mass segment, company's Chief Executive Officer Nemin Vora has said. The company has already started the process to secure external funding, which is expected to be completed by the current quarter of this fiscal, Vora said in an interaction with PTI. Operational since 2020, the city-based EV maker with over 60 dealerships across 20-plus states claims to have sold over 10,000 vehicles in the domestic market till date, besides having an order book of over 20,000 vehicles through its B2B channel. Odysse offers seven vehicle models with 12 variants, comprising both high- and low-speed electric scooters as well as bikes. "We are seeking external capital to finance our growth and capture a significant share of the Indian E2W (electric two-wheeler) market," Vora told PTI. "The compa

MG Motor, Epsilon tie up for EV charging solutions, battery recycling

MG Motor India on Thursday said it has partnered with the Epsilon Group for EV charging solutions and battery recycling. As part of the collaboration, the automaker has signed an MoU with two Epsilon Group subsidiaries - Power EV, for charging solutions and LICO, for battery recycling and second-life expertise. As per the agreement, Power EV will provide Custom Charging technology to develop AC and DC charging solutions for charging solutions for MG's EVs. Through active involvement in the MG charge initiative deploying 1,000 charging points in 1,000 days within residential communities and apartments across India Power EV aims to bolster the existing public charging network by expanding the availability of AC chargers and introducing high-capacity DC charging options, MG Motor India said in a statement. LICO will assist MG Motor India in its Extended Producer Responsibility (EPR) obligations by providing comprehensive battery recycling and certification services, it added. "Our

Musk vs the rest: Who will be Tesla's biggest competitors in India?

Elon Musk is set to visit India and meet PM Modi. With the likelihood of a Tesla plant coming up in India, which are the EV makers they will compete with? Here is a list

EVs head for junkyard as mechanic shortage inflates repair costs in UK

Once there are more fully trained EV technicians, repair rather than replace becomes a more viable proposition, an expert said

Our EV firms do not rely on subsidies to gain competitive advantage: China

Commerce Minister Wang Wentao made the remarks at a roundtable meeting of Chinese firms in Paris, where he is set to discuss China's exports of EVs into the European market among other things

Govt asks Tesla to lay down investment plans for EV plant in India

Vietnamese automaker VinFast recently broke ground on an EV manufacturing facility in India's southern state of Tamil Nadu

Tesla to scout locations for $2-3 billion electric car plant in India

The US EV firm had demanded tariff cuts, concessions as a prerequisite for investment