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electric vehicles

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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BYD Overtakes Tesla on EV Leaderboard To Become World’s Biggest EV Producer

China’s BYD has seized Tesla’s crown as the world’s biggest EV producer. This comes as a consequence of the number of sales reflected in the first six months of 2022, as per July 5 filing by the company. The Shenzhen-based carmaker sold about 641,000 new energy vehicles (NEVs), including electric vehicles and hybrids, in the […]

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Australia Will Now Supply Lithium, Other Critical Minerals To India

Australia has committed to supplying critical minerals, like cobalt and lithium, to augment India’s electric vehicles, solar power, defence and other strategic segments. During the Australian visit of India’s Minister for Coal and Mines, Pralhad Joshi, Australia’s Minister for Resources and Minister for Northern Australia, Madeleine King held that the island country would commit AUD […]

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EV Batteries in 5% GST Bracket to Support Faster Adoption

The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […]

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Kinetic Green Energy And Cholamandalam Sign Pact To Finance EVs

Pune based EV manufacturer Kinetic Green Energy on July 4 announced that the buyers can finance their EVs with Cholamandalam Investment and Finance Company, Chennai-based Murugappa Group’s financial services arm. Both the companies having entered into an agreement, under which the customers can avail themselves of getting the EVs financed by Chola. Kinetic manufactures both electric […]

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Log9 Materials Showcases It’s Full EV Range At Expo

Bengaluru-based Electric vehicle startup Log9 Materials, with its indigenously-developed innovations/technology-based solutions for the EV, energy storage, and other allied domains (Last-Mile Delivery)  is in hyper active mode. From multiple partnerships, to participating in industry expos, to even investments in other startups, the firm and its founders have been very busy lately. At a recent green […]

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Mecwin India Invests Rs 50 Cr to Set Up New Manufacturing Unit

Bangalore-based EV start-up, Mecwin India has announced a new manufacturing unit in Bengaluru, Karnataka for EV motors and controllers. The firm is going to invest Rs 50 Cr in this manufacturing unit, it claims.  According to the company’s statement, Bengaluru’s production plant for domestic EV motors and controllers will be up and running by the […]

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EV Chargers’ Association Proposes A Black Box To Stop EV Battery Fires

The recent spate of the batteries in electric vehicles catching fire like e-scooter or four wheeler has sent the Charge Point Operators Society (CPOS) of India into a huddle for a solution because of the concerns over safety deterring the prospective buyers. On June 27, the body proposed that a black box system should be […]

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