Tags: Electric vehicle news

EV sales in India set to cross 2 million mark by 2040: BNEF

According to BloombergNEF sale of electric vehicles in India will cross two million mark by 2040 on the back of falling prices of lithium ion batteries over the next decade. BNEF in the report said “The cost improvements will help drive annual EV sales to above two million units by 2040, from about 3,500 units […]

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To meet global EV target around 1,000 GWh of battery manufacturing capacity is needed: IEA

International Energy Agency (IEA) recently said that to meet global EV target by 2025 the world needs battery manufacturing capacity of 1,000 Gigawatt hour (GWh) per year. IEA said “Assuming that the global auto industry’s announced targets for electric vehicle production are met despite the Covid-19 crisis, around 1,000 GWh of battery manufacturing capacity would […]

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IRP Systems Raises $17M in Series B Funding to Bring EVs to the Mass Market

IRP Systems has announced that it has raised $17M in Series B funding. The round was led by Chinese VC Fosun RZ capital, with additional funds provided by JAL ventures, previous investor Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the Israeli direct importer and distributor of Volkswagen […]

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Xpeng P7 smart electric vehicle launched, here is what you should know

Chinese electric vehicle and technology company- Xpeng has just launched its second production model, the P7 sedan, which includes at least two industry firsts. The Xpeng P7 features the NVIDIA DRIVE AGX Xavier platform for its XPILOT3.0. The P7 is available for order in China, in 3 versions and 8 configurations, and customer deliveries will […]

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Huber+Suhner Unveils Versatile High Voltage Distribution Solution For EVs

HUBER+SUHNER has launched the latest off-the-shelf High Voltage Distribution solution for every type of electric vehicle (EV) – the modular High Voltage Distribution Unit (mHVDU). Managing up to 800 Volts DC, the mHVDU is the leading solution in the EV industry and the most effective in cases of extreme usage in harsh environments. The configurable […]

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COVID 19 Effect: Ford calls off plan to make electric vehicle with Rivian

Ford has called off its plan to make an electric vehicle in cooperation with Rivian, a Michigan-based electric vehicle company, under its luxury Lincoln brand. Lincoln in a statement said “Given the current environment, Lincoln and Rivian have decided not to pursue the development of a fully electric vehicle based on Rivian’s skateboard platform.” The […]

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SK Innovation to spend USD 727 million to build second EV battery plant in US

SK Innovation Co Ltd. On Tuesday announced that it will spend $727 million to build a second electric vehicle (EV) battery plant in the United States. SK Innovation is battery  supplier for Volkswagen and Ford Motors. The construction of the factory will start in July and the firm aims to start production in 2023. It […]

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Fortum sells majority share of its public charging point operator to Infracapital

Fortum has signed an agreement to sell a majority share of its public charging point operator (CPO), Fortum Recharge AS, for electrical vehicles in the Nordics to Infracapital, the infrastructure equity investment arm of M&G Plc. After the transaction Fortum’s ownership in Recharge will be 37%. Recharge is the largest CPO in the Nordics, owning […]

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COVID 19 Effect: Bajaj Chetak Electric scooter delivery likely in Q3

In January this year Bajaj Auto dived into the electric vehicle world with the launch of its Chetak Electric. In just 15 days of its launch “Humara Bajaj” gathered over 2,000 bookings, these figure was quite promising for an electric scooter. The automaker earlier planned to deliver these scooter in the second quarter of this […]

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