Page 116 - Electric Vehicles

LG Energy Solution swings to profit in Q3 on strong EV battery demand

LG Energy Solution Ltd said it shifted to the black in the third quarter from a year earlier on the back of robust demand in electric vehicle (EV) batteries and a weaker Korean won currency

EU, US set up task force to resolve feud over electric vehicle batteries

The U.S. and the European Union have set up a task force tasked with resolving a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade Organization rules. Under the Inflation Reduction Act (IRA) passed by U.S. Congress in August, electric car buyers are eligible for a tax credit of up to $7,500 as long as the vehicle runs on a battery built in North America with minerals mined or recycled on the continent. The EU believes that the measure is a potential trans-Atlantic trade barrier discriminating against foreign producers. The EU announced on Wednesday that Bjoern Seibert, the head of cabinet to European Commission President Ursula von der Leyen met in Berlin with U.S. Deputy National Security Advisor Mike Pyle to launch the task force. A first meeting will take place next week. The Task Force will address specific concerns raised by the EU related to the IRA," the Commission said. Both sides ..

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the analysis

Hyundai breaks ground on $5.5 billion electric car plant in Georgia

A robotic dog delivered a champagne toast and Georgia's governor and junior US senator shared a brief bipartisan celebration ahead of high-stakes elections as Hyundai Motor Group broke ground Tuesday on its first US plant dedicated to making electric vehicles. Just five months after Hyundai announced the USD 5.5 billion manufacturing plant in Bryan County west of Savannah, vast areas of the site have already been cleared of trees. Euisun Chung, executive chairman of Hyundai Motor Group, said the plant will be the envy of the industry. The South Korean company plans to open the factory in 2025, with at least 8,100 employees producing up to 300,000 electric vehicles per year. Georgia officials say it's the largest economic development project the state has ever seen. This is transformational for the region, not just for people's children now, but for their grandchildren," Gov. Brian Kemp said. This is going to be a project that will resonate for generations to come. The timing could

Ultraviolette open bookings for F77 e-bike from today; check details

alking about its Ultraviolette F77, the company said that the entire chassis of the bike has been redesigned to include the new battery pack, which is now fixed and heavier than before

Guangdong: The Chinese province with more EV chargers than all of the US

The coastal region, which borders Hong Kong, has built hundreds of thousands of public charging points - the EV equivalent of gas pumps - over the past few years

Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of EVs, along with the batteries and raw materials to support that production

Tesla aims to produce 50,000 Semi electric trucks in 2024: Elon Musk

Elon Musk-owned electric vehicle company Tesla is aiming to produce 50,000 Tesla Semi units per year in 2024

Revfin raises $10 mn in series A funding from Green Frontier Capital

Revfin plans to use the funds to expand its geographical footprint to 25 states and capture over 10 per cent national market share of financed electric three-wheelers

Biden admin awards $2.8 billion in grants for EV batteries in 12 US states

The Biden administration on Wednesday awarded USD 2.8 billion in grants to build and expand domestic manufacturing of batteries for electric vehicles in 12 states. A total of 20 companies will receive grants for projects to extract and process lithium, graphite and other battery materials, manufacture components and strengthen U.S. supply of critical minerals, officials said. The announcement comes as the administration seeks to boost production and sales of electric vehicles as a key part of President Joe Biden's strategy to slow climate change and build up U.S. manufacturing. Biden has vowed to boost U.S. production of lithium and other critical minerals, and the sweeping climate and health-care law passed in August includes several provisions to boost electric vehicles, including tax credits for EV buyers worth up to $7,500. Energy Secretary Jennifer Granholm, who announced the grant competition in May, called the funding announcement huge news that would expand made-in-America .

CO2 emissions rise in 2022, but more slowly due to renewables growth: IEA

The International Energy Agency said Wednesday that it expects carbon emissions from the burning of fossil fuels to rise again this year, but by much less than in 2021 due to the growth in renewable power and electric cars. Last year saw a strong rebound in carbon dioxide emissions the main greenhouse gas responsible for global warming after the global economic downturn caused by the coronavirus pandemic in 2020. The Paris-based IEA said CO2 emissions from fossil fuels are on course to rise by almost 1% in 2022 compared to the previous year. That's nearly 300 million metric tons of CO2 more than in 2021, when the burning of gas, oil and coal released about 33.5 billion tons of CO2. This year's increase is driven by power generation and by the aviation sector, as air travel rebounds from pandemic lows, the agency said. While coal emissions grew 2% as countries that previously imported natural gas from Russia scrambled for other energy sources, this didn't outweigh the expansion of

Triton EV issues Rs 8,060 cr LoI to BEL for purchase of battery packs

Electric vehicle maker Triton Electric India has issued a letter of intent to defence public sector unit Bharat Electronics for the procurement of battery packs for its semi-truck project in India at an estimated value of Rs 8,060 crore, according to a regulatory filing. The 300 kilowatt lithium-ion battery packs are to be delivered by Bharat Electronics (BEL) to Triton in 24 months commencing from January 2023, the filing stated. "Triton Electric Vehicle India Pvt Ltd, a part of Triton Electric Vehicle LLC, USA today issued a letter of intent to Navaratna Defence PSU Bharat Electronics for procurement of 300 KW Li-Ion battery packs for its semi-truck project in India at an estimated value of Rs 8,060 crore," the filing said. BEL chairman and managing director Dinesh Kumar Batra received LoI from Triton Electric Vehicle LLC CEO and Founder Himanshu B Patel at Defexpo 2022 in Gandhinagar. "The purchase order for first-off quantity with 100 per cent advance payment has been handed ov

Tesla unveils home charging station that works with other electric vehicles

Electric vehicle company Tesla has launched a home charging station or Wall Connector as it calls it that works with other electric cars too, not just Tesla vehicles

Foxconn looking to make Tesla's electric vehicles in future: Report

The company also revealed two electric vehicle concepts at its third annual Hon Hai Tech Day as it tries to diversify its business and take on the automotive market

Delhi CM Kejriwal announces 100 EV charging stations, one every 2 km

Nearly 70 per cent of these charging stations have been set up at Delhi Metro parking areas where EV users can easily park their vehicles for charging, Kejriwal said while inaugurating 11 stations

Delhi to get 100 electric vehicle charging stations in two months: Kejriwal

Delhi Chief Minister Arvind Kejriwal on Tuesday said the national capital would get 100 electric vehicle charging stations in the next two months. Kejriwal on Tuesday inaugurated 11 charging stations and said the facilities would also include battery swapping points. "Earlier, battery swapping points and charging stations were different but these have now been clubbed together. These 11 stations have 73 charging points. In the next two months, Delhi will get 100 charging stations," he said. The ambitious Delhi Electric Vehicles policy, introduced in August 2020, aims to increase the share of electric vehicles to 25 per cent of total sales by 2024. When asked about the showcause notice issued to Dialogue and Development Commission of Delhi Vice-Chairperson Jasmine Shah, Kejriwal said, "The Cabinet appointed him and only the Cabinet can question him." The Delhi government's planning department on Monday issued a showcause notice to Shah over charges of "misusing public office" by ac

Smartphone maker Foxconn unveils electric SUV for Taiwan brand Yulon

The company that assembles smartphones for Apple Inc. and other global brands unveiled an electric SUV on Tuesday that will be produced for a Taiwanese automaker under a similar contract model. Foxconn Technology Group said the SUV will be sold by Yulon Motor as the Luxgen n7 starting next year. It said the five-seat vehicle should be able to travel 700 kilometers (440 miles) on one charge. No price was announced. Foxconn, also known as Hon Hai Precision Industry Co., plans to produce electric cars and buses for brands in China, North America, Europe and other markets. It said clients can modify their appearance and features. The venture adds to a crowded global market with electrics offered by almost every established automaker and dozens of ambitious startups. Hon Hai will certainly redefine the EV industry, company founder Terry Gou said in a statement. Foxconn, headquartered in New Taipei City, Taiwan, is the world's biggest contract assembler of smartphones and other consumer

Toyota launches India's first flex fuel-strong hybrid electric vehicle

As world is discussing what should be the next alternative energy to run vehicles, Toyota has launched a first-of-its-kind pilot project flex fuel-strong hybrid electric vehicle (FFV-SHEV) in India

Can Bhavish Aggarwal's ambitious plans for Ola Electric challenge Musk?

Whether Ola Electric succeeds or not, Aggarwal's admirers seem to agree that he has turbo-charged the EV market, pulling in millions of investment dollars

Joe Biden's old tactics are botching the dream of made-in-America EVs

As the EV hype ramps up and a shortage of batteries emerges, industrial giants like SK Innovation Co., Honda Motor Co., etc., have announced billions of dollars of manufacturing facilities across US