Page 175 - Electric Vehicles

Samsung SDI to invest $849 million to expand EV battery plant in Hungary

Samsung SDI, an affiliate of South Korean tech giant Samsung Electronics Co Ltd, began production at the Hungary plant in 2018, producing batteries for 50,000 EVs a year

Amazon partners with Mahindra Electric to include EVs in delivery fleet

The e-commerce major would continue to work with several OEMs to build a fleet of 'Made in India' electric vehicles that ensure sustainable and safe delivery of customers' orders

Delhi govt launches campaign to encourage shift to electric vehicles

The Dialogue and Development Commission (DDC) on Tuesday launched their Switch Delhi campaign to encourage private vehicle owners to shift to electric vehicles

Base metals stocks shine as supply crunch, EV push lift copper, zinc prices

Shares of firms in this space up 50-198% since November 2020; global demand for copper and aluminium outstrips supply, pushing spot prices higher than futures

All leased, hired cars of Delhi govt officials will be EVs in 6 mos: Gahlot

Transport Minister Kailash Gahlot on Sunday said that within a period of six months, all leased or hired cars used for commute by Delhi government officials will be electric vehicles.

Matter bets on Indian EV market, targets $1 billion turnover by 2025

"We are expecting the same thing that happened with 4G, the rate of adoption of 4G exploded above everyone's expectations, and that is what we are expecting with EVs as well," Matter Founder, CEO said

Will make electric vehicles mandatory for officials of my dept: Gadkari

Gadkari on Friday said he will make electric vehicles mandatory for officials of his department

Green hydrogen may soon be a must for fertiliser, refinery units: R K Singh

Plan is to replace use of imported ammonia in farming, petroleum, steel and other sectors; Gadkari bats for all govt vehicles to go electric

Elon Musk should come clean; Tesla's carbon emissions are rising

A company that thrives on the power of the sun shouldn't hide the footprint of its own operations in shadow

Hyundai to invest $200 mn to build localised EVs for mass market in India

The company refuses to give a launch timeline, says it is in talks with battery makers and suppliers to localise a large portion of manufacturing in order to bring the cost down

JLR's $3.5 bn plan to take all Jaguars, 60% Land Rovers electric by 2030

Brainchild of new CEO Thierre Bollore, move forms part of 'Reimagine' strategy of Tata Motors' UK arm; Britain to ban sale of gasoline and diesel cars from 2030, putting pressure on legacy carmakers

Higher EV share, FY22 auto rebound to support Motherson's revenues

Increased utilisation, improving margins and lower debt are profit triggers going ahead

Higher EV share, FY22 auto rebound to support Motherson Sumi's revenues

Increased utilisation, improving margins and lower debt are profit triggers going ahead

Delhi govt to soon start registration of e-autos: State transport minister

The Delhi government will soon start facilitating registration of e-autos that can save up to Rs 29,000 as compared to their CNG equivalents, Delhi Transport Minister Kailash Gahlot said on Sunday.

Ather Energy to invest Rs 635 cr in next five years at TN facility

The firm is looking to scale up production

Ola ropes in ABB to deploy robots at its electric scooter factory

Ola's factory will create 10,000 jobs and serve as the company's global manufacturing hub for India and international markets

Will support 62,000 e-cars, buses, e-bikes through subsidies: Gadkari

To boost electric mobility, the government aims to support through subsidies about 62,000 electric passenger cars and buses, besides 15 lakh electric three- and two-wheelers, Parliament was informed on Thursday. The focus is also on creating electric charging infrastructure, Road Transport and Highways Minister Nitin Gadkari told the Lok Sabha in a written reply. Phase-II of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) Scheme is being implemented with a total budgetary support of Rs 10,000 crore, he added. "This phase focusses on supporting electrification of public & shared transportation and aims to support, through subsidies, approx. 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars and 10 lakh e-2 Wheelers. "In addition, creation of charging infrastructure is also supported to address range anxiety among users of electric vehicles," the minister said. Stressing that all vehicles will continue to be registered as .

Manufacturer for hire: China's Geely sets out to become a force in EVs

"The chairman's attitude towards contract manufacturing is clear: he is embracing it and actively pursuing it," a Geely executive told Reuters

Foxconn Taiwan auto JV aims to roll out EV bus in October: Report

Foxconn aims to provide components or services to 10% of the world's EVs by between 2025 and 2027

US electric vehicle manufacturer Xos in deal talks to go public: Report

NextGen's share price rose 12% to $11.69 on the news before trading was halted due to volatility. When trading resumed, it rose to about $14 at 3 p.m. EDT (2000 GMT), a gain of 34%