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The Top 5: EV Battery Manufacturers in the World

Advances in electric vehicle (EV) batteries and their associated technologies are finally attracting the interest of individuals to purchase EVs, contributing to the growth of EV batteries. The top EV Battery Manufacturers in the World are the frontline contributors to the growth of the industry. The scale of production forms a litmus test about market […]

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750 miles range achieved, $65m funding follows for EV battery maker ONE

Our Next Energy (ONE), a Michigan-based energy storage technology company, has raised $65 million following its $25 million Series A that was led by Breakthrough Energy Ventures in October 2021. This new funding round, led by BMW i Ventures, will allow ONE to expand its operations and prepare for increasing demand and customer activity, said […]

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UK firm Granted £912,000 to use Gravity to Store Energy at Brownfield site

The UK government’s Department for Business, Energy & Industrial Strategy (BEIS) has granted around £912,000 in funding to London-based Gravitricity, whose patented technology uses gravity to store energy, to enable the company to set up an energy storage project in Northern England. The ‘GraviSTORE’ project is one of the five successful projects chosen under the Longer Duration Energy Storage Demonstration Programme, Stream […]

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SUN Mobility, cKers Finance Partner to Decarbonise Last-mile Delivery

cKers Finance, an NBFC focused on financing sustainability and clean energy in India, has provided a debt financing facility to SUN Mobility, a provider of energy infrastructure and services for electric vehicles (EVs). The capital being provided to SUN Mobility will be used to accelerate the deployment of electric vehicles integrated with SUN Mobility’s swappable […]

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Ola Electric Plans 50 Gwh India Battery Plant in EV Push

Softbank Group-backed Ola Electric plans to build a battery cell manufacturing plant in India with a capacity of up to 50 gigawatt hours (GWh) as part of its broader electrification push, according to recent media reports. Ola will need 40Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and […]

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Explained: EV Subsidies, Incentives Offered by Center and States in India

Evolving in the new age of electric mobility, various subsidies and incentives offered by the Center and state governments form the backbone of the EV market in India. As per a report, the EV market in India will be USD 206 billion by 2030, if India maintains a steady progress to meet its ambitious 2030 […]

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LG Electronics to Exit Global Solar Panel Business

LG Electronics Inc. is exiting the global solar panel business. The decision, approved Feb. 22 by the LG board of directors in South Korea, follows a comprehensive review of the impact of increasing material and logistics costs, as well as severe supply constraints, on the solar business, the company has said in a statement. Although […]

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e6 – India’s First EV Model to Adopt BYD Blade battery Technology

BYD India announced that its eMPV e6 is powered by BYD’s Blade Battery. It is a subsidiary of the Warren Buffett-backed Chinese EV maker BYD. The eMPV e6 was launched recently for the B2B segment. The e6 was launched in India in November 2021. It is equipped with both fast and slow charging functions which […]

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5 Best Lithium Battery Recycling Firms for the New EV World

The global lithium battery recycling market is projected to grow from USD 4.6 billion in 2021 to USD 22.8 billion by 2030. This implies a CAGR of 19.6% during the forecast period 2021-2030. Rising investments in EVs and subsidies to encourage battery recycling are some of the key opportunities for the lithium-ion battery recycling market. […]

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