Tags: electric vehicle market

Hyundai looking at options for sourcing electric vehicle components in India

South Korean auto major Hyundai is looking at various options for sourcing electric vehicle (EV) components in India, including local manufacturing of battery parts, a top company official said. The automaker, which is present in India through its wholly-owned subsidiary Hyundai Motor India Ltd (HMIL), said it is also looking for further clarity in government […]

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EVs will create revenue opportunities for electric utilities: Study

According to a study released by Boston Consulting on Tuesday, the demand for electric vehicles in US over the next decade will create revenue opportunities for electric utilities that invest in greater grid capacity and offer EV charging and related services. Boston Consulting expects a significant jump in consumer demand for electric vehicles (EVs) which […]

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Sono Motors to produce solar electric vehicle Sion in Sweden

The first series production solar electric vehicle (SEV) developed by the German mobility provider Sono Motors is to be manufactured in Sweden. Sono Motors on Wednesday officially announced the first generation of the Sion will be produced in Trollhättan by National Electric Vehicle Sweden (NEVS). The plant located there was home to the production lines […]

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Electric Vehicles Enter Phase of Fastest Growth: IDTechEx Research

Like most other new products, electric vehicles sell in an S curve of a slow start with oversupply,then come fastest growth with supply sometimes unable to keep up with demand and then comes saturation. Take pure electric buses as an example. Here, China rapidly deployed 400,000, 99 percent of the total number in the world, […]

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Bangchak Invests in Enevate’s Fast-Charging EV Battery Technology

California-based Enevate Corp. has announced that Thai energy giant Bangchak, through its Bangchak Initiative and Innovation Center (BiiC), has invested in the company. “This is a significant investment for us, not only from a financial perspective but as further indication of the energy industry’s strong interest in our groundbreaking solutions as EV demand grows and […]

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Magenta Power launches its academy ‘MITRA’ to support Individuals and Organizations

Magenta Power announced the launch of its academy ‘MITRA’-Magenta Innovation Technology and Research Academy for the purpose of training and education in Green Energy solutions. The company in a statement said that it will support Individuals and Organizations, in their transition to a sustainable energy future, and also serve as the principal platform; a centre […]

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Rio Tinto eyeing EV market approves additional USD 302 mln in copper project

Eyeing the mushrooming EV market, Rio Tinto on Monday announced that it has approved an additional $302 million investment in Resolution copper project in the U.S. state of Arizona. The investment will fund additional drilling, ore-body studies, infrastructure improvements and permitting activities as Rio Tinto looks to progress the project to the final stage of […]

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ION Energy’s latest Battery Management Platform: 6 things you should know

ION Energy, a battery technology company that specializes in battery management and intelligence recently launched their latest Battery Management Platform “FS-XT” targeted at Electric Vehicles and Grid-Scale Storage Systems. Here we bring 6 things that you should know about the latest Battery Management Platform Before we start let us introduce you to BMS! A Battery […]

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EVs sold through 2030 can save 474 million ton of oil: Niti Aayog

NITI Aayog and Rocky Mountain Institute in a recent report titled “India’s Electric Mobility Transformation: Progress to Date and Future Opportunities” revealed that Electric Vehicles (EVs) sold in India through 2030 can save 474 million tons of oil equivalent, worth INR 1521 thousand crores over their lifetime. This would result in net reduction of 14 […]

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Infiniti to launch its first made in China electric car in next three years: Report

Nissan Motor’s premium brand Infiniti is reportedly gearing up to launch its first electric car made in China in next three year. Reuther citing an official statement reports that Infiniti’s first electric car will be a sporty sedan produced in China. Nissan officials speaking to the agency said that that electric car would hit the […]

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