Indian conglomerate Reliance Industries, South Korea’s Hyundai Motor Co and automaker Mahindra & Mahindra are among companies that have submitted bids under the country’s Rs 18,000-crore billion battery scheme, two sources told Reuters. India last year finalised an incentive program to encourage companies to invest in the local manufacturing of batteries as it looks to … Read more
Strategic partnership with German startup Magment to enable roads that recharge electric vehicles. Highway trials planned in the US. Other applications include robot recharging in warehouses and factories Holcim is partnering with the German startup Magment to improve its magnetizable concrete technology for road surfaces enabling electric vehicles to recharge wirelessly while in motion. Known … Read more
Mercedes-Benz took the wraps off of a striking electric concept car on Monday. Meet the Vision EQXX. Mercedes-Benz Vision EQXX. Mercedes-Benz You probably won’t be able to buy a Merc exactly like the Vision EQXX anytime soon. But some of the advancements Mercedes developed here could make their way into your future electric Benz. Mercedes-Benz … Read more
The Company announced plans to invest in InoBat Auto (IA), a Slovakia based start-up focused on research and development of batteries for electric vehicles and production of lithium-ion battery cells as well as tailored and customs cells. Key points to note – IA was founded in 2019 and it’s 1st funding was a Euro 5 … Read more
Toyota said it wanted all models in its upscale Lexus brand to be electric by 2030 in the U.S., China and Europe. And it showed off more than a dozen of the 30 EV models it intends to have on sale by that year. Still, it cautioned that many of its customers, especially in the … Read more
TVS Motor and BMW Motorrad have announced the expansion of their cooperation agreement for future technologies and electric vehicles. Key points to note – In simple terms, for now it means they will co develop the electric vehicles (EVs). The 1st product through this new announcement is targeted to be ‘showcased’ in the next 24 … Read more
Cathie Wood’s money managing firm Ark Invest on Thursday for the first time bought shares in the U.S. listed Chinese electric vehicle maker Xpeng Inc (NYSE:XPEV) on the dip and sold more shares in Tesla Inc (NASDAQ:TSLA). Ark Invest picked up 277,263 shares — estimated to be worth $13.39 million — in the Guangzhou, China-based … Read more
Plant is launched through it’s 100% subsidiary, Greaves Electric Mobility. Key points to note – Tamil Nadu is fast becoming the EV capital of India. After Ola, this is the 2nd large EV facility in the state. The current facility is spread across 35 acres and would be used both for domestic sales and exports. … Read more
Tesla’s cars range in price from $45,000 to $130,000. Consumer Reports published its annual reliability study on Thursday. Tesla and Lincoln came in last, while Lexus, Mazda, and Toyota were named the most reliable brands. The most reliable 2022 models were the Lexus GX, Kia Niro Electric, and Toyota Prius Prime. The world’s most valuable … Read more