If India, with its low-cost supplier base, is able to meet the company's quality and cost targets by the end of 2023, it could open the door to exporting EVs to other markets, said Carlos Tavares, CEO of the group whose brands also include Peugeot and Chrysler.
The Tigor.ev has class-leading safety and offers technologically advanced features, the company has said
A white paper will be prepared on a roadmap to develop new battery technologies in India. This would be followed by the creation of an expert-industry forum or platform to support this process, the CSE said in a statement on Tuesday.
Mazda's senior managing executive officer Akira Koga said the investment would be made along with its "partners", without elaborating, and will be used for research and development. The news was first reported by the Nikkei business daily.
India imports 88 per cent of the oil it uses and of the total petroleum consumed by the country's transport sector, nearly 60 per cent used by freight trucks.
M&M feels EV demand cannot grow in a significant way unless charging infrastructure builds up at scale, which requires deep penetration into rural markets.
With these partnerships, Mahindra EV users will get seamless access to a robust fast charging infrastructure and e-mobility solutions spanning across discovery, availability, navigation and transactions, the Mumbai-based automaker said in a statement.
The brand’s chief business officer talks about expanding the portfolio, competing with stakeholder Hero and how Ather is going about streamlining supply chain issues
Under the partnership, Jaguar Land Rover will use Wolfspeed's advanced silicon carbide technology specifically in the vehicles' inverter, managing transfer of power from battery to electric motors, the company said in a statement.
The e-bike company, which has a manufacturing facility in Pune, claims it has sold over 35,000 units since its inception in 2020.
Hyundai plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah, that will have an annual capacity of 300,000 units.
Bookings are open and deliveries will commence from April 2023, the company has said.
Uber had began bolstering its EV fleet by adding 100 e-rickshaws in Delhi and by 500 in Kolkata in November 2020.
The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.
Albemarle Corp is among the 20 manufacturing and processing companies receiving U.S. Energy Department grants to domestically mine lithium, graphite and nickel, build the first large-scale U.S. lithium processing facility, construct facilities to build cathodes and other battery parts, and expand battery recycling.
The German company said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.
The German automaker said it was making a new $1 billion investment in its Spartanburg, South Carolina plant to prepare for EV production and will spend $700 million on a new high-voltage battery assembly facility in nearby Woodruff, South Carolina, and create at least 300 jobs.
Arvind Kejriwal on Tuesday inaugurated 11 charging stations and said the facilities would also include battery swapping points.
Despite a string of fire accidents involving electric bikes in the last few months, large insurers such as Bajaj Allianz and HDFC ERGO have sharpened focus on the up-and-coming segment
Chairman Liu Young-way said at the company's annual Tech Day that from design to build, the company has the capability in EVs and its global footprint gave it a "huge advantage" to meet the EV industry's demands.
The policy aims at attracting investment of more than Rs 30,000 crore and generate direct and indirect employment for over one million people
As per the plan, around 25 per cent light vehicles, 38 per cent buses and 48 per cent motorcycles in select units will be replaced with EVs in a time-bound manner.
To grant upfront subsidies to EV producers, the Indian government has created the Faster Adoption and Manufacturing of Electric Vehicles in India II (FAME II) scheme with an investment of Rs. 10,000 Crore
The fix will enable Toyota Motor Corp. to resume making and selling the EVs, a key model in the company’s effort to strengthen its electric lineup.
The request to local authorities is for replacement of 66 vehicles which are in bad shape while the EVs have been sought from the state government in addition to the existing fleet.