Electric Vehicles (EV) Tag

23 Jun Tesla Co-Founder and Toyota Collaborate in Recycling EV Batteries

Posted at 11:06 by Jordy Leo

Toyota Motor [7203:JP] has teamed up with US battery recycling company Redwood Materials, which is led by Tesla [TSLA:US] co-founder JB Straubel, to collect and recycle vehicle batteries, as reported by Bloomberg on June 21. The two parties plan to establish a closed-loop supply chain...

18 Apr Kia and E-Commerce Platform Coupang to Collaborate on Developing Electric Cargo Vans

Posted at 18:11 by Lexy Li

South Korean carmaker Kia [000270:KS] and e-commerce platform Coupang [CPNG:US] have agreed to collaborate on building all-electric cargo trucks, as reported by the Korea Herald on April 15. By 2025, the two companies plan to release mid-sized and large electric cargo vehicles with improved storage,...

17 Mar Reliance Industries Acquires Cobalt-free Battery Producer Lithium Werks

Posted at 11:06 by Jordy Leo

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...

15 Mar China’s Evergrande Granted Sale Approval for Electric Vehicles

Posted at 17:51 by Lexy Li

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,...

10 Mar Sony and Honda to Establish Electric Vehicle Joint Venture

Posted at 11:49 by Jordy Leo

Sony Group [6758:JP] and Honda Motor [7267:JP] plan to form an electric vehicle (EV) joint venture (JV), as reported by Japan Times on March 4. The two Japanese companies aim to debut the JV’s first EV model in 2025. According to a joint statement, Honda...

23 Feb Thailand Offers Tax Breaks and Subsidies to Promote Electric Cars

Posted at 15:21 by Jordy Leo

Thailand’s cabinet has approved a series of tax incentives to promote a shift to electric vehicles (EVs), as reported by Nikkei Asia on February 18. Incentives include lowering tariffs by 20% to 40% and cutting the excise on imported EVs to 2% from 8%. For...

26 Jan LG Energy Solution, GM to Launch Third Joint Battery Plant in the US

Posted at 11:33 by Lexy Li

South Korea's LG Energy Solution (LGES) and US automotive manufacturer General Motors [GM:US] will invest USD2.1bn to build their third joint battery plant in the US, as reported by Reuters on January 25. The two firms intend to invest equally in the new battery plant....

18 Jan Chilean Court Freezes BYD’s Lithium Mining Bid Over Environmental Concerns

Posted at 16:47 by Jordy Leo

A local court of Chile suspended a USD61m lithium mining contract between Chile and Chinese electric vehicle (EV) and battery company BYD [1211:HK] over environmental and economic development concerns, as reported by Caixin on January 16. The suspension came on January 14, just two days...

18 Jan Ten Enterprises Bid for Indian Battery Incentive Scheme

Posted at 14:56 by Jordy Leo

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...

12 Jan Volkswagen to Double EV Sales in China despite Chip Shortage

Posted at 10:55 by Lexy Li

Volkswagen AG [VOW:GR] plans to double the sales of its ID series electric vehicles (EVs) in China in 2022, despite the global chip shortage, as reported by the Economic Times on January 11. The ID series plays a key role in Volkswagen’s EV ambition in...

11 Jan Hyundai Motor Sets Target to Have 50% US Sales from Eco-Friendly Models

Posted at 09:54 by Lexy Li

Hyundai Motor [005380:KS] is planning to raise the share of eco-friendly models in total car sales in the US to up to 50% by 2030, as reported by the Korea Economic Daily on January 10. The company’s eco-friendly models include all-electric, plug-in hybrid, gasoline hybrid,...

05 Jan Hyundai Motor Accelerates Electrification by Releasing New EVs in 2022

Posted at 17:35 by Jordy Leo

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...

05 Jan Reliance Acquires UK Battery Producer Faradion for Green Transition

Posted at 15:41 by Jordy Leo

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...

05 Jan India’s ETO Motors to Launch 3000 EV Charging Stations in Delhi-NCR

Posted at 15:12 by Lexy Li

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...

04 Jan India’s Earth Energy Invests USD13.4m to Expand EV Output

Posted at 17:24 by Jordy Leo

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...