Ferrari Commissions New Plant To Manufacture EVs, Hybrid Cars Updated On Wed, Jun 26th, 2024 by Saurenergy Ferrari has launched its first EV next year with the opening of the new E-building production facility at its factory in Maranello. The goal of the brand-new 42,500 square meter building, which was inaugurated in front of Italian President Sergio Mattarella, is to maximize “production flexibility” for the country’s premium automobile manufacturer. “E” stands for […] Read more
EVs Likely To Clock Around 1.3-1.5 Lakh Sales In FY25, Finds Report Updated On Wed, Jun 26th, 2024 by Saurenergy CareEdge Rating, a rating agency report on passenger vehicle (PV) sales in the automobile industry said that India is expected to experience a strong demand for new model launches. The report attributed this growth to continued growth in demand for Electric Vehicles (EVs) and SUVs coupled with a possible cut in interest rates in the […] Read more
Mirae Asset Investment Launches ETF Focused On EVs Updated On Fri, Jun 21st, 2024 by Saurenergy Mirae Asset Investment Managers (India) has launched India’s first exchange-traded fund (ETF) focused on electric vehicles (EV) and the new-age automobile industry, after the National Stock Exchange (NSE) launched the new Nifty EV- an index. last month.The New Fund Offer (NFO) of Mirae Asset Nifty EV and New Age Automotive ETF starts on June 24 […] Read more
Renewables, EVs Set To Reduce Global Oil Demand, Says Report Updated On Thu, Jun 13th, 2024 by Saurenergy A latest report from the International Energy Agency (IEA) said that the global oil demand is likely to be tempered by clean energy transition. The report also said that the surge in Electric Vehicle (EV) sales and continued efficiency improvements of vehicles and use of more renewables in electricity production could negate the rise in […] Read more
Volkswagen Plans To Introduce Entry-Level EVs In Europe By 2027 Updated On Wed, May 29th, 2024 by Saurenergy German-based company, Volkswagen board of management of the Volkswagen Group decided to make all-electric entry-level mobility more widespread. Volkswagen Group brings electric cars for EUR 20,000 and its world premiere is planned for 2027. Oliver Blume, CEO of Volkswagen Group said: “Generations of people associate the strong brands of the Volkswagen Group with their first […] Read more
Mahindra Electric Approves Rs 12,000 Cr Investment In EVs Updated On Fri, May 17th, 2024 by Saurenergy Mahindra Electric Automobile Limited recently approved an investment of Rs. 12,000 Cr. in Mahindra Electric Automobile Limited (MEAL) in one or more tranches, over three years up to 31st March 2027. MEAL is expected to fund in company over the next 3 years. Moreover, Mahindra and Mahindra (M&M) and its auto division are expected to generate sufficient operating cash to satisfy all their capital investment needs. Previously, […] Read more
Hyundai, Kia Plan To Launch India-Made EVs Till 2025 Updated On Thu, Apr 25th, 2024 by Saurenergy Hyundai Motor Group Executive Chair Euisun Chung in his recent visits to India shared mid-to long-term mobility strategic commitments to deliver a major manufacturing advance in India. With the establishment of an annual production system of 1.5 million vehicle units for Hyundai Motor India and Kia India combined. Kia India will also start production of […] Read more
GM Energy’s US Customers To Get Option To Transfer Power Between EVs and Homes Updated On Fri, Apr 19th, 2024 by Saurenergy As EV technology continues to evolve, GM is working toward elevating the overall ownership experience by introducing new ways for customers to unlock additional value and gain access to the expanded benefits of an all-electric future. Available for the first time as part of its expanding product ecosystem, GM Energy’s initial offerings for residential customers […] Read more
Lack Of Incentives Keep EVs Unaffordable In Europe, Says ACEA Updated On Mon, Apr 15th, 2024 by Saurenergy The latest data from the European Automobile Manufacturers Association (ACEA) shared that affordability concerns are the major cause that hampers market uptake for electric vehicles (EVs). Despite European Union (EU) legislative efforts to reduce CO2 emissions from vehicles, a lack of initiatives at both EU and national levels prevents acceleration in market uptake of electric […] Read more
