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electric vehicles

M&M Plans To Sell 2 Lakh EVs By FY-27

Automobile major Mahindra & Mahindra has recently announced the sale of 2 lakh electric vehicles as its target by FY-27. Its path towards electrification will include the diverse portfolio of five electric vehicles in the coming five years. Rajesh Jejurikar, ED, Mahindra & Mahindra said that the company is looking to invest about $1 billion […]

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Brazil Opens Up Lithium Market, Has Potential To Become World Leader

The Brazilian government has recently issued an executive order relaxing the rules on Lithium exports and has the potential to become a global leader in the Lithium market. At present, Brazil accounts for only 1.5% of the global production of Lithium as currently only two companies are operational in the region- CBL and AMG Brasil. […]

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BII To Invest Up To Rs 1925 Cr In Mahindra’s 4-Wheeler Segment

Indian multinational automotive manufacturer Mahindra & Mahindra (M&M) and the British International Investment (BII) have recently inked a pact which will facilitate investment of Rs 1,925 crore each in a wholly owned subsidiary of the home-grown auto major and form a new entity EV Co. As the name suggests, the focus will be on four-wheel […]

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Growing Prices Will Have No Effect On EV Adoption

In this conversation with SaurEnergy, Anand Kabra, Vice-Chairman and MD of Kabra ExtrusionTechnik Limited, whose EV vehicles and storage division, Battrixx, has grown at a staggering rate in FY ’22, talks about the firm’s plans and market in India. Battrixx, founded in 2018, is a division of Kabra Extrusion Technik Ltd, which belongs to the […]

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Chargeup,Two More Join Up To Offer E-Rickshaws At Rs 90,000

The Delhi-based battery-swapping company, Chargeup has announced its collaboration with two firms including Paisalo Digital Ltd and Goenka Electric Motors (GEM). Companies said, through this collaboration, they will help E-rickshaw drivers own their vehicles at only Rs 90000 only. Chargeup said it’s for the first time when an affordable E-Rickshaw Sale across Delhi/NCR has been […]

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NOIDA Authorities Make EV Charging Station Must For Every New Building

NOIDA authorities will not give its nod to any new building plan unless there is a detailed provision in the map for an electric vehicle (ev) charging station. A news report on July 7 quoted an official of the Noida Authority as saying that the decision was followed with an amendment to the Building Manual, […]

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Northvolt Raises $1.1 Billion To Roll Out Battery Factory In Europe

Swedish battery manufacturer Northvolt has shared signing a $1.1 billion convertible note towards financing the expansion of battery cell and cathode material production in Europe. The decision has been taken to complement the  increasing demand for batteries. Investors that lent participation in the capital raise included AMF, AP funds 1-4, ATP, Ava Investors, Baillie Gifford, […]

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ECA Committee for Risk Assessment Wants Lithium Salts to be in Category 1A

A major international chemical maker has warned that new draft proposals labeling some materials as “hazardous” could impact negatively investments in the lead and lithium battery sectors in Europe. The European Union (ECA Committee) was forewarned by lithium and battery manufacturers that a proposal to label the metal as hazardous may seriously harm Europe’s expanding […]

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