Page 51 - Electric Vehicles

Refex Green Mobility signs pact with Citroen to procure 500 e-C3 EVs

French automaker Citroen has signed a memorandum of understanding with Refex Green Mobility Ltd, a subsidiary of diversified conglomerate the Refex Group, towards the procurement of 500 Citroen e-C3 electric vehicles. The largest order for Refex Green Mobility Ltd in South India signifies a major advancement in its collaboration with Citroen. "Our partnership with Refex underscores Citroen's commitment to our customers, the reliability of our products and a strong sustainable operation. The Citroen e-C3, with its efficient battery pack, advanced e-powertrain and comprehensive suite of connectivity features, continues to be the preferred choice for businesses transitioning to green mobility," said Citroen India Brand Director Shishir Mishra. "Refex eVeelz (Refex Group's Green mobility vertical) has demonstrated strong growth in the sustainable mobility space and we continue to expect great impact from the company as it expands operations across India," Mishra said. The Citroen e-C3

Ola Electric likely to drive in IPO at a lower valuation of $4.5 billion

EV maker last raised funds at $5.5 bn value

Auto industry needs 200K skilled people by 2030 to meet 30% EV target

Indian automotive industry will need up to 2 lakh skilled people by 2030 to meet the government's vision of 30 per cent electric vehicle adoption, the Society of Indian Automobile Manufacturers said on Tuesday. A total talent investment of Rs 13,552 crore is expected for hiring and training the workforce. "As we look ahead, one of the major constraints the auto industry will face is the dearth of skilled electric vehicle capable manpower," Society of Indian Automobile Manufacturers (SIAM) President Vinod Aggarwal said while addressing a workshop on empowering EV-ready workforce in the Indian auto industry. Aggarwal, who is also MD & CEO, Volvo Eicher Commercial Vehicle Ltd, pointed out the need for specialised domain skills in the areas of battery technology, powered electronics and motor design. "To keep the pace of global trends and make our auto industry a globally competitive industry, there is an urgent need that our workforce be equipped with new skills by upskilling, ...

EV ride-hailing service provider BluSmart raises $24 million in funding

BluSmart has raised $109 million across its seed and Series A rounds to date

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

Are Americans ready for the US-China trade war?

Despite what many in the US may think, economic decoupling is not a viable option

Global electric vehicle sales up 13% in June, decline 7% in Europe

China accounted for over 60 per cent of the total, as rising availability of electric vehicles and strong sales by BYD contributed to an increase

Vidyut launches offline pre-owned EV sales and financing platform

The company also plans to launch an online marketplace in the next six months to reach a wider audience

Biden administration to award $1.1 bn to Stellantis, GM for EV production

Donald Trump has harshly criticised Biden's EV policies and vowed to reverse them if he takes office

Only 19 of 137 Chinese EV brands to be profitable by decade's end

While the average sale price of cars in China fell 13.4% in the past year, the average margin of automakers rose to 7.8% in 2023 from 6.3% the previous year

EMPS 2024: OEMs can claim incentives twice a month, Aadhaar mandatory

EMPS, which replaced FAME, struggles to take off, just 3.6% target met

Xiaomi to showcase its first electric car SU7 EV on June 9 in India

Chinese technology company Xiaomi might not proceed with launching SU7 EV in the Indian market just yet, reports suggest. It aims to gauge the interest of Indian consumers in its electric cars

As EV revolution slows down, automobile major Ferrari enters the race

A lot is riding on Ferrari's 200-million-euro "e-building," which went into operation last month and is nearly twice the size of Rome's Colosseum

NexGen Energia to invest Rs 15K cr to open 5,000 green diesel, CBG pumps

Green energy solutions company NexGen Energia plans a Rs 15,000 crore investment to open 5,000 green diesel and compressed biogas (CBG) pumps in the country over the next 10 years. The Noida-based company recently inaugurated its first CBG pump in Mau district in Uttar Pradesh, marking its entry to execute engineering, procurement, and construction (EPC) services in the clean energy sector. "The company's commitment to clean energy goes far beyond this single pump. Plans are afoot to open a total of 5,000 green diesel and CBG pumps across the country in multiple phases over the next 10 years, with each pump costing around Rs 3 crore. In this manner, we are set to invest Rs 15,000 crore in the green energy sector," NexGen Energia Chairman Piyush Dwivedi told PTI. "Furthermore, this initiative will create approximately 5,000 new entrepreneurs and provide direct and indirect employment to over 10 lakh people. Our goal is to make India self-reliant in the green energy sector, thereby ..

Canada's policies to protect mining sector to shield takeover targets

The move appears to insulate domestic companies from takeovers when the world's biggest mining firms are hunting for metals that underpin the global transition away from fossil fuels

'Tesla's loss, not India's': Ola CEO Bhavish Aggarwal on Tesla's pullback

Elon Musk's Tesla has not responded to inquiries from officials in New Delhi and is no longer expected to invest in India

Is govt's new EV policy seeing a muted response from car companies?

The Ministry of Heavy Industries, responsible for automotive industry matters, has conducted one round of consultations with carmakers but has not yet secured significant commitments

China's EV battery giants CATL, BYD eye stationary energy storage market

Tesla's Shanghai plant will be able to make 10,000 Megapacks a year with a combined 40 GWh of storage capacity

China struggles to make use of boom in energy storage, calls for even more

Some industry insiders and experts say pricing reforms and technology improvements are needed for a storage sector

China unveils next steps in EU brandy probe as EV tariffs take effect

There is a four-month window during which the EV tariffs are provisional and intensive talks are expected to continue between the two sides as Beijing threatens wide-ranging retaliation