LG Energy Solution to set up EV battery JV with Stellantis in Canada Updated On Thu, Mar 24th, 2022 by Saurenergy South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest 1.8 trillion won ($1.48 billion) to set up a joint venture with Stellantis NV in Windsor, Canada. In October, LGES and Stellantis NV struck an electric vehicle (EV) battery production joint venture, targeting to start production by the first […] Read more
PLI scheme to account for 13-15% capex in key industrial sectors over 3-4 years: Crisil Updated On Thu, Mar 24th, 2022 by Saurenergy Production Linked Incentive (PLI) scheme will account for 13-15 per cent of the average annual investment spending in key industrial sectors over the next three-four years, according to a report by Crisil. Since its introduction in March 2020, PLI has been announced for 15 sectors, involving government incentives to the tune of Rs 1.93 lakh […] Read more
MNRE to Give Three Months’ Relief in SCD of Wind Energy Projects Updated On Wed, Mar 23rd, 2022 by Saurenergy The Ministry of New and Renewable Energy (MNRE) has decided to give an extra three months relief to wind power developers whose projects could not be commissioned in time due to the second wave of Covid-19 and also the onset of monsoon. Earlier, the MNRE allowed the period of disruption from April 1, 2021 to […] Read more
Crayon Motors Launches Electric Scooter – Envy Updated On Wed, Mar 23rd, 2022 by Saurenergy Crayon Motors has launched its second low-speed electric scooter – Envy for the Indian markets. The scooter comes with a spacious boot space and a unique keyless start. The price of the scooter starts at Rs. 64,000 and comes in four colors: white, black, blue, and silver. The company is offering a 24-month warranty on […] Read more
“OEMs and freight transporters need stronger financial support”, Satyakam Arya, Daimler India CV’s Updated On Tue, Mar 22nd, 2022 by Saurenergy The BharatBenz brand, even as it becomes more visible on the roads in India, is also looked upto for the pedigree and technology access it has. To that extent, the company behind it, Daimler India Commercial Vehicles Pvt Limited (DICV),. faces a tough ask to lead the changes needed to clean up the commercial transportation […] Read more
India, Japan Partner for Electric Vehicles, battery storage, Biofuels, Green Hydrogen Updated On Tue, Mar 22nd, 2022 by Saurenergy Taking cooperation for net zero carbon emissions to the next level, India and Japan have instituted a ‘Clean Energy Partnership’ (CEP) by incorporating electric vehicles, EV charging infrastructure, solar sector development, biofuels, green hydrogen and battery storages. Japanese Prime Minister Kishida Fumio, was in India for the 14th India-Japan Annual Summit earlier this week. After […] Read more
Ola Electric Invests in ‘Extreme Fast’ Charging Firm StoreDot Updated On Tue, Mar 22nd, 2022 by Saurenergy Bengaluru based Ola Electric has invested an undisclosed amount in Israeli start up StoreDot, a battery technology company that promises “extreme-fast charging” batteries for electric vehicles (EV). Ola electric called the investment strategic in nature, without disclosing the amount invested. StoreDot, in its last funding round of $60 million, had reportedly been valued at $1.5 […] Read more
Tamil Nadu Reclaims No. 1 Spot for Renewable Energy Updated On Mon, Mar 21st, 2022 by Saurenergy Tamil Nadu has recently made it to the top of the list of Indian states ranked as per their overall installed renewable energy capacity, seizing the position from Karnataka. Interestingly, the latter toppled Tamil Nadu in 2018 to become the leader in total installed capacity in the clean energy sector, following big capacity additions in […] Read more
Suzuki Motor turns, targets Rs 10,440 cr investment into EV’s by 2025 Updated On Mon, Mar 21st, 2022 by Saurenergy Japan’s leading automaker and Indian market leader Suzuki Motor Corporation has finally announced that it will invest Rs 10,440 crore or 150 billion Yen in the electric vehicles and battery segment in India. Its Indian subsidiary Maruti Suzuki may launch electric car models both in India and Japan by 2025. This is the first major […] Read more
