SUBSCRIBE NEWS LETTER

electric vehicles

China RE Installations To Grow 5 Times By 2050 With 5 TW Solar Capacity, Finds Study

A recent report by Norwegian analyst DNV has shown that China will have more than quintuple renewable energy installations by 2050. Energy Transition Outlook China 2024 (ETO) report states that in the coming years, the Chinese energy mix will shift rapidly from one dominated by fossil fuels to one where renewable power plays a key […]

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MHI Receives Seven Bids Of 70 GWh For battery Manufacturing PLI

Ministry of Heavy Industries (MHI) announced that it received bids from seven bidders under a global tender issued for re-bidding of Production Linked Incentives (PLI). This tender was announced for 10 GWh Advanced Chemistry Cell (ACC) manufacturing on 24th January and the last date for receiving applications was 22nd April on the CPP portal and […]

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Log9 Rebrands Its Mobility Arm As EV Asset Management Firm Amphion

Battery cell technology and EV Mobility Ecosystem products developer Log9 has announced the rebranding of its mobility business as Amphion, a full-stack EV asset management company. Amphion will help address critical challenges faced by the commercial electric vehicle (EV) industry, including financing, data & analytics, charging infrastructure, and energy efficiency. Its comprehensive suite of services […]

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India Overtakes China As Largest Three-Wheelers EV Market: IEA

International Energy Agency (IEA) in its ‘Global EV Outlook’ report found a rise in the global share of the three-wheeler (3W) market by 13% in 2023 to reach 4.5 million sales. The report found three-wheeler electric vehicles composed a 21% share compared to 18% in 2022. IEA report estimated that almost 1 million electric three-wheelers […]

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Ecofy & Vidyut To Offer Subscription-Based Battery-As-A-Service Model

Ecofy, a Non-Banking Financial Company (NBFC), and Vidyut, an EV ownership platform specialising in making electric three-wheeler acquisition more affordable have announced a partnership aimed at the electric vehicle market and sustainable transportation solutions. While Ecofy will finance the loan, Vidyut will offer a subscription-based battery-as-a-service model to ensure affordable EV solutions. Speaking on the […]

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Macquarie Launches New Platform To Electrify $US 1.5 Bn Fleet

Macquarie Asset Management (MAM), part of Macquarie Group, launched Vertelo, a new platform providing end-to-end solutions in fleet electrification in India. Macquarie aims to accelerate the transition of fleets to electric vehicles and build an EV ecosystem by offering solutions to customers. It includes leasing and financing, charging infrastructure and energy solutions, fleet management services, […]

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Hyundai Motor, Matrix Sign PPA To Power 174-MW EV Plant In US

Hyundai Motor Group recently signed a 174-Megawatt Power Purchase Agreement (PPA) with Spain’s Matrix Renewables. With their solar energy project, they can power their electric vehicle (EV) plant in the United States (US) with renewable energy. The South Korean car manufacturer Hyundai Motor signed a 15-year PPA with Matrix Renewables-led stillhouse solar project which is […]

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Nissan Showcases All-Solid-State Battery Pilot Line In Japan

Japan-based Nissan has showcased its new in-construction all-solid-state battery pilot line to members of the media at its Yokohama Plant in Kanagawa Prefecture. At the media conference, the company showcased its pilot line which is aimed to further promote development and innovative manufacturing technologies for the batteries. Under Nissan’s 2030 long-term vision, it aims to […]

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Tata Power EV Charging Network Surpasses 10 Cr Km Milestone

Tata Power, an integrated power and electric vehicle charging solutions provider company became one of the EV Charging solutions providers to power 10 crore (100 million) kilometres. It spans public, semi-public, bus/fleet, and home charger segments across India. This achievement underscores Tata Power’s contribution to promoting sustainable mobility solutions nationwide. India’s vision for sustainable transportation […]

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