Electric Vehicles (EV) Tag

Indian refining giant Reliance Industries [RELIANCE:US] has acquired Dutch battery producer Lithium Werks for USD61m through its green business arm Reliance New Energy, as reported by Reuters on March 15. Lithium Werks produces high-performance lithium iron phosphate (LFP) batteries that are cobalt-free. The transaction will...

China’s Ministry of Industry and Information Technology (MIIT) has approved the sale of two electric vehicle (EV) models for the China Evergrande New Energy Vehicle Group [0708:HK] under its brand Hengchi, as reported by Reuters on March 14. According to sources familiar with the matter,...

Ten companies, including India’s Reliance Industries [RIL:IN], Softbank-backed [9984:JP] Ola Electric, and Hyundai Global Motors [5380:KS], have submitted bids under India’s USD2.4bn battery scheme for clean transport, as reported by Economic Times on January 17. India’s Ministry of Heavy Industries announced that these ten enterprises...

South Korea’s largest automaker Hyundai Motor Group [005380:KS] revealed its new business focuses of electrification, self-driving technologies, robotics, and urban air mobility (UAM), as reported by Korea Economic Daily on January 3. The company aims to become a superior eco-friendly auto brand and will speed...

Reliance Industries [RIL:IN], the largest publicly traded company in India, has signed definitive agreements to acquire a 100% equity in UK sodium-ion battery technology firm Faradion for GBP100m (USD135m), as reported by Bloomberg on December 31. Moreover, Reliance will inject an additional GBP25m (USD33.75m) into...

India’s electric mobility solutions provider ETO Motors has reached an agreement with electricity distributors BSES Rajdhani Power, BSES Yamuna Power, and Tata Power [TPWR:IN] Delhi Distribution Limited (Tata Power-DDL) to install 3,000 electric vehicle (EV) charging stations in the Delhi National Capital Region (Delhi-NCR) over the...

India’s Electric Vehicle (EV) start-up Earth Energy plans to spend USD13.4m over the next two years on production capacity expansion, as reported by Economic Times on December 30. According to Earth Energy CEO Rushii Senghani, the company will use the fund for boosting production and...

en_USEnglish