Toyota Plans $13.5 B Investment in EV Battery Tech by Decade End Updated On Wed, Sep 8th, 2021 by Saurenergy Japanese auto major Toyota Motor is planning to spend over $13.5 billion by 2030 to develop batteries and its battery supply system, aiming to head technological developments over the next decade, revealed an online briefing on batteries and carbon neutrality. The world’s largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, […] Read more
India to Increase Incentives for EV and H2-powered Car Makers Updated On Mon, Sep 6th, 2021 by Saurenergy India has revised its proposed $8 billion scheme for the auto sector which will now focus on providing incentives to companies to build electric and hydrogen fuel-powered vehicles, according to recent media reports. This is a significant shift from the government’s original plan to incentivise auto and auto part maker to build mainly gasoline vehicles […] Read more
Automakers Shun Low-cost Small Cars, Focus on Producing Small EVs Updated On Wed, Sep 1st, 2021 by Saurenergy Of late, the world’s biggest automakers have been putting an end to their production of smaller cars among internal combustion engine models and are shifting towards making smaller EVs due to their growing popularity. Rising Costs A Driver Now One reason for this change in the industry is rising commodity and labor costs pertaining to low-cost […] Read more
Global Semiconductor Firm Infineon Supports Ecosystem Development In Green Agriculture Updated On Mon, Aug 30th, 2021 by Saurenergy Infineon Technologies, a top 10 global semiconductor major has collaborated with with Invest India on Motor Drive Design Challenge for solar pumps. Solar pumps of course are a critical part of the government’s thrust to solarise Indian agriculture under the PM KUSUM scheme and more. For Infineon, the initiative is part of its support for […] Read more
Joe Biden Sets About Correcting Trump Largesse For ICE Auto Firms Updated On Tue, Aug 10th, 2021 by Saurenergy US President Joe Biden’s recent order aimed at making half of all new vehicles sold in the US in 2030 electric is expected to make a dent in the country’s consumption and emission levels, even though it’s a non-binding deal with the country’s biggest automakers. The administration has also proposed new vehicle emissions standards that […] Read more
CESL Invites Bids from OEMs to get Empaneled for Supply of E-rickshaws Updated On Thu, Jul 8th, 2021 by Saurenergy Convergence Energy Services Limited (CESL) has issued an expression of interest (EoI) to empanel original equipment manufacturers (OEMs) to supply electric three-wheelers (e-rickshaws) in India. While the pre bid meeting will be held on July 13, the deadline for bid submission is July 26, 2021, on which bid opening is also scheduled. CESL, a wholly-owned […] Read more
Hyundai to Invest $100 M in Solid-state Battery Developer Solid Energy Updated On Thu, Jul 8th, 2021 by Saurenergy Hyundai Motor Co, a South Korean automotive manufacturer of international repute, will invest USD 100 million in solid-state battery specialist Solid Energy System (SES) corporations, according to recent media reports. The company appears to have signed an equity investment agreement with SES. A spin-off from the Massachusetts Institute of Technology (MIT), Solid Energy has developed a prototype lithium metal […] Read more
Hero Lectro Partners with Logistics Firms to Deploy E Cargo Bikes in India Updated On Wed, Jun 23rd, 2021 by Saurenergy Hero Lectro, the EV arm of the Hero Motors Company (HMC), announced today new partnerships with logistics service providers Fast Despatch Logistics and Turtle Mobility as part of a new ecosystem to enable greater use of e-mobility in last mile delivery. Under the partnership, Hero Lectro’s E Cargo bikes will be rolled out into the […] Read more
Amara Raja Aligns Itself With Electric Mobility For Growth Updated On Mon, Jun 14th, 2021 by Saurenergy Hyderabad-based Amara Raja Batteries Ltd. (ARBL), which has emerged as the no. 2 battery manufacturer in the country, is looking to ensure it continues on the growth path. It’s board has approved the launch of several strategic initiatives to take advantage of fast emerging new opportunities to accelerate growth and enhance stakeholder value. ARBL has […] Read more
