Electric Vehicles

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Volkswagen to Invest $1 Billion in Intelligent Electric Vehicle Center in China

The Volkswagen Group is investing roughly €1 billion (~$1.09 billion) to establish a development, innovation, and procurement center for intelligent electric vehicles in...

April 19, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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Tesla to Build a New Battery Manufacturing Facility in Shanghai

Electric vehicle maker Tesla said it will build a new gigafactory in Shanghai, exclusively focused on producing the firm’s energy storage product Megapack. The...

April 12, 2023

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Gautamee Hazarika

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Electric Vehicles

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Energy Efficiency

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Finance and M&A
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E-Mobility Firm Magenta Secures $22 Million from bp and Morgan Stanley

India-based electric mobility service provider Magenta Mobility has secured a $22 million investment from bp and a Morgan Stanley India Infrastructure-managed investment...

April 6, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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TVS Motor’s Subsidiary Buys 25% Stake in German EV Manufacturing Startup

India-based two-wheeler maker TVS Motor Company said that its Singapore-based subsidiary would purchase a 25% ownership interest in Killwatt GmbH, a German startup...

April 5, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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Electric Vehicle Sales Surge 81% YoY in Q1 2023, 349,676 Units Sold

Electric vehicle (EV) sales in India reached 349,676 units in the first quarter of 2022, a year-over-year (YoY) increase of 81% compared to 192,565 units sold in the...

April 4, 2023

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Arjun Joshi

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Electric Vehicles

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Markets & Policy
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Lithium Price Drop Raises Hopes of EVs Becoming More Affordable in India

Lithium carbonate prices, the primary component used in batteries, have seen a considerable drop over the last couple of months, raising hopes among industry...

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Parliamentary Panel Suggests Extending FAME Program for EVs by Two Years

A parliamentary committee has recommended extending the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME-II) program by two years beyond its...

March 29, 2023

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Gautamee Hazarika

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Electric Vehicles

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Market & Policy
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Motovolt收购德国电气2轮OE​​M EROCKIT的股份

India-based electric mobility company Motovolt said it has acquired a stake in eROCKIT, a Germany-based electric two-wheeler original equipment manufacturer (OEM)....

March 27, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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IFC Invests ₹6 Billion in Mahindra’s New Last-Mile Mobility Firm

The International Finance Corporation IFC, a member of the World Bank Group, has announced an investment of ₹6 billion (~$72.9 million) in a subsidiary of Mahindra &...

March 23, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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Lithium Find Boosts India’s Efforts for Energy Independence by 2047

India’s edge in renewable generation and the recent discovery of vast lithium reserves, along with deep cost reductions in clean technology, can enable a pathway for...

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US Opens Applications for $2.5 Billion Program to Build EV Infrastructure

The Biden-Harris Administration opened applications for a new multi-billion-dollar program to fund electric vehicle (EV) charging and alternative-fuelling infrastructure...

March 15, 2023

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Gautamee Hazarika

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Electric Vehicles

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Finance and M&A
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EV Charging Company ChargePoint Posts 93% Revenue Increase YoY in Q4

Electric vehicle (EV) charging solution provider ChargePoint’s net loss widened to $78 million for the fourth quarter (Q4) of the financial year (FY) 2022 from $60...

March 7, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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Olectra Bags Order for 550 Electric Buses from Telangana Transport Corporation

Olectra Greentech, a subsidiary of Megha Engineering & Infrastructures Limited (MEIL), has received an order for 550 electric buses from the Telangana State Road...

March 6, 2023

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Gautamee Hazarika

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Electric Vehicles

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Other

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Renewable Energy
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Solid Power Records $9.6 Million Loss in FY22 on Higher Operational Expenses

Developer of all-solid-state battery technology for electric vehicles (EV) Solid Power posted a net loss of $9.5 million for the financial year (FY) 2022 against a...

March 1, 2023

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Gourav Mishra

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Electric Vehicles

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Finance and M&A
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TI Clean Mobility to Raise ₹30 Billion to Fuel its EV Platform

Electric three-wheeler manufacturer TI Clean Mobility (TICMPL) signed definitive agreements with Tube Investments of India (TII), Multiples Private Equity Fund III,...

February 28, 2023

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Arjun Joshi

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Electric Vehicles

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Finance and M&A

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