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Tag: ELECTRIC VEHICLE
Macquarie Will Invest $1.5 Billion in India’s EV Fleet Electrification-thumnail

Macquarie Will Invest $1.5 Billion in India’s EV Fleet Electrification

Vertelo will provide end-to-end solutions for fleet electrification in India. The new platform has secured anchor financing from the Green Climate Fund, which has promised to invest up to $200

Business

Apr 23, 2024

JSW Steel Signs Joint Venture With Japanese Steel Company JFE Steel for Rs 5,500 Crore Investment in K’Taka-thumnail

JSW Steel Signs Joint Venture With Japanese Steel Company JFE Steel for Rs 5,500 Crore Investment in K’Taka

According to a stock exchange filing on Tuesday, JSW Steel said that it will establish a 50:50 joint venture with the Japan-based JFE Steel Corporation and invest Rs 5,500 to

Business

Feb 13, 2024

Government to Support Charging Infrastructure; Expand EV Ecosystem, Says Nirmala Sitharaman in EV Budget 2024-thumnail

Government to Support Charging Infrastructure; Expand EV Ecosystem, Says Nirmala Sitharaman in EV Budget 2024

Budget 2024: The government will develop the ecosystem for electric vehicles in order to support charging infrastructure, the Finance Minister stated on Thursday during the announcement of the interim budget.

Automotive

Feb 1, 2024

In 2023, Bold EV Strategies Took a Punch From Reality-thumnail

In 2023, Bold EV Strategies Took a Punch From Reality

The car industry’s rush toward an all-electric future suffered a detour this year. According to a Reuters investigation, manufacturers were planning to spend $1.2 trillion by 2030 to transition electric

Business

Dec 11, 2023

China’s Nio will launch its first mobile phone in September to boost EV sales-thumnail

China’s Nio will launch its first mobile phone in September to boost EV sales

The Chinese manufacturer of electric vehicles Nio announced that it would introduce its first internally produced mobile phone in late September with the goal of enhancing the appeal of its vehicles through better software and connection.

Business

Aug 30, 2023

The Chinese carmaker BYD is set to acquire Jabil’s mobility business for $2.2 billion-thumnail

The Chinese carmaker BYD is set to acquire Jabil’s mobility business for $2.2 billion

Chinese manufacturer of electric vehicles BYD Co Ltd announced on Monday that its subsidiary has agreed to purchase Jabil Inc’s mobility business in China for 15.8 billion yuan ($2.17 billion) from the Singaporean branch of the American manufacturing company.

Automotive

Aug 28, 2023

The Chinese company Xpeng is acquiring Didi’s smart EV unit for up to $744 million-thumnail

The Chinese company Xpeng is acquiring Didi’s smart EV unit for up to $744 million

The smart electric vehicle (EV) division of the world’s largest ride-hailing firm, Didi, will be acquired by the Chinese electric car startup Xpeng (9868. HK), according to the announcement. The two businesses will also establish a strategic alliance.

Automotive

Aug 28, 2023

VinFast, an EV manufacturer from Vietnam is worth more than Ford or GM-thumnail

VinFast, an EV manufacturer from Vietnam is worth more than Ford or GM

VinFast, a Vietnamese EV manufacturer, saw it’s stock market valuation leap over that of Ford and General Motors (GM).

Business

Aug 16, 2023

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry-thumnail

Fame III: Government proposes up to 50,000 crore corpus to support EVs industry

The government has revealed the draft of the FAME III, which includes a budget allocation of Rs 40,000 50,000 crore to support vehicles (EVs).

Automotive

Aug 11, 2023

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round-thumnail

Oben, an electric vehicle company, has raised Rs 40 crore in an expanded pre-Series A round

According to the company, the cash infusion will assist it in increasing its production capacity at the Bengaluru facility to 100,000 units per year as well as meeting the working

Investment & Funding

Jun 27, 2023

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund-thumnail

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund

Nio the Chinese electric Vehicle company has just revealed a substantial injection of fresh capital amounting to a staggering $738.5 million.

Business

Jun 21, 2023

As the government proposes to reduce the FAME II subsidy, two-wheeled electric vehicles may become more expensive-thumnail

As the government proposes to reduce the FAME II subsidy, two-wheeled electric vehicles may become more expensive

Ola, Ather, and other two-wheeler electric vehicles may soon be more expensive in the nation. According to reports, the Heavy Industries Ministry intends to boost the budget for e-two-wheelers from

News

May 18, 2023


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