Page 10 - Ev Market

With $2 bn IPO in sight, this Chinese EV battery firm is a giant in making

CALB makes battery cells, modules and packs for electric vehicles and industrial-scale energy systems - both in high demand

Automakers maneuvering with different gears to shift towards EV

Automakers are stepping on different roads towards eco-friendly mobility with home-grown firms like Tata Motors and Mahindra betting on electric vehicles, Japanese majors such as Toyota, Honda and Suzuki looking at hybrids as the bridge to reach the goal. The shift globally includes a family of electrified vehicle technologies (xEVs) which consists of SHEV (Strong Hybrid Electric Vehicle), FCEV (Fuel cell Electric Vehicle), BEV (Battery Electric Vehicle) and PHEV (Plug-in Hybrid Electric Vehicle). In India, it is mainly the battery electric vehicles (BEVs) and hybrids which are being rolled out by the leading automakers. Tata Motors and Mahindra & Mahindra have lined up massive resources to drive in multiple BEVs over the next few years. Similarly, Hyundai, Kia and MG Motor have also introduced battery electric models in the market. The country's largest carmaker Maruti Suzuki on the other hand is preparing to launch its first electric vehicle only in 2025. The auto major in the

Global EV powertrain systems market to reach $107 billion by 2029

As more countries adopt electric vehicles (EVs), the EV powertrain systems Market is set to reach $107 billion by 2029, according to a new industry report

E-scooters to hit 5% of two-wheeler mkt in FY23: Greaves Electric Mobility

Greaves Electric Mobility projects that sales of electric scooters will balloon to 700,000 units in FY23 from 250,000 units in FY22

Saudi betting on EV batteries may prompt others to announce ambitious plans

The world's oil capital, Saudi Arabia wants to go electric and get clean. To do so, it's getting its hands on minerals critical for batteries and taking a stake in the electric vehicle-supply chain

EV charging start-up Exponent Energy raises $13mn in series A funding

Exponent Energy, an electric vehicle charging start-up, said has raised $13 million in a Series A funding round led by Lightspeed and attended by institutional investors.

Want to be profitable irrespective of the numbers: Skoda Auto Volkswagen MD

In an exclusive interview with Business Standard, Skoda Auto Volkswagen India MD discusses the company's export and EV plans

EVs need the spark of regulation in India to accelerate transition: Experts

Mandated battery standards are becoming imperative if India is to accelerate the transition from traditional vehicles

Manganese and a Chinese company might help India grab a slice of the EV pie

After effectively popularizing safer and cheaper lithium iron phosphate, or LFP, chemistry for EV batteries, China's Contemporary Amperex Technology Co. Ltd. is now adding manganese to the mix

7 electric bikes catch fire at Pune showroom, overcharging suspected

In yet another fire incident involving electric vehicles (EVs) in the country, at least seven electric bikes caught fire at a showroom here reportedly due to overcharging.

Swapping batteries: How India is moving ahead with adoption of EVs

Across the Indian capital's dense localities, battery swapping stations are becoming a frequent site at local provision stores and small retail outlets

EV ride-hailing firm BluSmart close to raising $250 mn from Bp, others: CEO

NEW DELHI (Reuters) - The chief executive of Indian ride-hailing start-up BluSmart Electric Mobility has said it is close to raising $250 million from investors including BP's venture capital division.

Have made India's first indigenously made lithium ion-cell, says Ola

Mass production to begin in 2023 at upcoming Gigafactory; firm says use of specific chemistry and materials enables the cell to pack more energy, improves its overall life cycle

Murugappa Group to enter EV business, launch three-wheelers by Sept

Murugappa Group will also manufacture electric tractors this year through subsidiary

M&M can beat global competitors at much lower cost of development: MD & CEO

In a Q&A, Anish Shah the valuation for the upcoming EV subsidiary is fair and the company will be rewarded adequately by investors soon

Tata Motors targets five-fold rise in electric vehicle sales by FY24

Will look to sell 100K units by next year, said Tata Motors chairman N Chandrasekaran

TVS Motor rises 2% on firm's big EV push; stock up 10% in 5 days

In the past five days, the stock price of Chennai-based auto-maker soared over 10 per cent, as against 1.6 per cent rise in the S&P BSE Sensex.

Foxconn likely to set up EV manufacturing unit in India through Foxtron

Buzz is that the company may look at the Ford India unit near Chennai for its new facility; sources say group was already betting big in EV components through Bharat FIH

Jaipur-based Batt:RE inaugurates new e-scooter Stor:ie at Rs 89,600

The price is ex-showroom, excluding the subsidy amount provided by the central as well as state governments, the company said

TMS Ep171: Gig worker shortage, EV policy, markets, sedition law

Why is India facing a shortage of gig workers? Will India's policies help it win the EV race? Will summer cheer hydrate consumer durable stocks? What is sedition law? All answers here