Page 73 - Electric Vehicles

Nvidia expands reach in China's EV sector despite tighter US export rules

Chinese automakers Li Auto, Great Wall Motor , Zeekr and the new EV unit of Chinese telecommunications company Xiaomi will use Nvidia's DRIVE technology to power automated driving

Global electric vehicle market growth to slow this year on lower subsidies

The figure follows an estimated growth of 29% in 2023 at 13.7 million units, when government incentives helped the adoption of EVs, Canalys said in its report

VinFast's India entry: Tamil Nadu plant may start EV production by 2026

The money for the plant will come from the planned optimisation of its capital expenditure in 2024 and 2025, which will help save over $400 million of cash

VinFast signs deal for Rs 16,000 crore integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

VinFast to come up with $2 bn integrated EV facility in Tamil Nadu

The unit in Thoothukudi to have an annual capacity of 150,000 units

VinFast to set up its first EV manufacturing unit worth $500 mn in India

Construction on the project's EV and battery manufacturing plants is expected to start this year and generate 3,000 to 3,500 jobs locally, the statement said

Tata Motors introduces first pure EV architecture called 'acti.ev'

"Punch.ev will be the first product based on this pure electric architecture, which will spawn a variety of products with multiple body styles and sizes," the company's statement noted

Electric vehicle penetration likely to fall short of govt's 2030 plan

Subsidy reduction has hit industry's estimate of 1.2 mn E2W sales in FY24

UK looks for greater share in India auto sector under FTA: Official

Countries which are negotiating free trade agreements (FTAs) with India, including the UK, want a greater share in the country's fast-growing automobile sector, Commerce Secretary Sunil Barthwal said on Friday. He said that India has come to the centre stage of auto manufacturing not only in assembling but also in the whole value chain. The industry has strengthened itself in all areas, including making auto grade steel, components and tyres, besides exporting these goods, he said. The auto sector is now being shifting from conventional ICE (internal combustion engines) to Electric Vehicle (EV) battery-based systems. "When we look at our present strength and the future potential in India, I think it is going to be huge. "In fact when we are doing our FTAs, I remember that country after country, they are focusing on how they can get a pie out of the Indian automobile sector and when we are negotiating FTA with the UK...saying that this much of market share should be available to th

'EV sales in India to grow at 35%, annual volumes may cross 27 mn by 2032'

Electric Vehicle (EV) sales in India is expected to grow at a Compound Annual Growth Rate (CAGR) of 35 per cent with annual volumes likely to touch 27.2 million units by 2032, a report said on Friday. The report, 'India Electric Vehicle Market Overview 2023', by energy advisory, software and services firm, Customized Energy Solutions, also predicts a record-breaking sale of 1.7 million units in 2023. EV sale in India is projected to touch about 27.2 million units by 2032 and with a CAGR of 35 per cent from 2023-2032 under business-as-usual conditions, according to the report. The driving force behind this is a confluence of factors, including the availability of the FAME-II subsidy, which has proven to be a catalyst, with a substantial budget allocation of USD 1.2 billion assigned to subsidise various EV segments, it said. The central government's commitment to fostering an indigenous EV ecosystem is evident in the approval of a USD 3.5-billion Production-Linked Incentive (PLI) sch

Tata Passenger Electric Mobility plans to roll out over 5 EVs in 18 months

Tata Passenger Electric Mobility plans to bring in more than five products in the next 18 months on its first advanced pure electric vehicle architecture 'acti.ev'. The company on Friday said the 'Punch.ev', the electric version of its compact SUV Punch, will be the first product based on its first pure EV architecture, acti.ev. The acti.ev platform will underpin future products from the Tata Passenger Electric Mobility (TPEM) portfolio and spawn a variety of products with multiple body styles and sizes, the company said in a statement. On a promotional video of the acti.ev platform, the company said it plans "five-plus products in the next 18 months". TPEM Chief Products Officer, Head of HV Programs and Customer Service Anand Kulkarni said, "This architecture has been meticulously designed to enable class-leading efficiencies, maximising space, and battery capacity and enhancing the overall driving experience. acti.ev is a global-ready, future-facing pure electric architecture tha

Tesla planning to bring in smaller batteries for its India car: Report

These smaller batteries are already being used by the company in China and could be key for Tesla to reduce the cost of the car it has proposed to bring to India

No such thing as EVs vs hybrids, both sister tech: Toyota EVP Gulati

Development of more hybrid cars to assist in lowering EV development costs

Vietnam's EV maker VinFast plans to set up battery plant in Tamil Nadu

The company will make batteries for EVs at the plant in the city of Thoothukudi, one of the sources said

EKA Mobility will supply 1,000 intercity electric buses to GreenCell

Electric vehicle maker EKA Mobility on Wednesday said it will supply 1,000 intercity electric buses to GreenCell Mobility. The two companies have signed a Memorandum of Understanding (MoU), under which 1,000 intercity electric buses in 12-metre and 13.5-metre categories would be supplied by the company to GreenCell Mobility in the next few years, EKA Mobility said in a statement. EKA Mobility will be responsible for supply, sales, and service of these buses, along with delivering quality certification reports. "Our collaboration with GreenCell Mobility is strategically positioned to usher in a cleaner, more sustainable future through electric mass transportation," EKA Mobility Founder and Chairman Sudhir Mehta said. GreenCell Mobility MD and CEO Devndra Chawla said,"This partnership not only strengthens our position in the market but also significantly aligns with our long-term vision for sustainable mobility.

Lower duty for electric vehicles in UK FTA inevitable: Govt to automakers

The domestic manufacturers have opposed import duty cuts on EVs, considering that it is a sunrise industry. India has been pushing for duty reduction in a phased manner

Delhi had highest share in total EV sales in country in December: Minister

This is the highest-ever monthly contribution among all states in the country to date, reflecting the success of the Delhi EV Policy launched in 2020

Health, EV, fintech: Key industries beckoning foreign investors in 2024

Emerging industries poised for investment-led growthare battery energy storage solutions, green hydrogen, biotechnology, AVGC (animation, visual effects, gaming, comics)

Deadline nearing, 70% of FAME target met, 1.22 mn vehicles supported so far

The target is for more than 1.74 million electric vehicles

Assam CM flags off 200 green buses from Guwahati to curb pollution

State Transport Minister Parimal Suklabaidya also attended the flag-off ceremony of 200 AC E-buses