Ola Electric has invested in an Israeli battery technology company StoreDot that excels in batteries with extreme fast charging (XFC) technology. The investment in StoreDot is the first of several global strategic investments planned by Ola Electric as it looks to ramp up its core R&D in advanced cell chemistry and manufacturing as well as other battery technologies and new[Read More…]
LML Electric is laying the groundwork for a long-term future in the EV business in India and around the world. The company announced a strategic partnership with Saera Electric Auto, one of the auto two-wheeler producers formerly manufacturing for Harley Davidson. Saera’s facility strategically located in the auto hub of Bawal in Haryana is now set to produce the most[Read More…]
At the maiden edition of the E-mobility India Forum 2021, the stakeholders touched upon the crucial transitional phase to e-mobility. Sumesh Soman shares the roadmap for the industry to realise its vision. Messe Frankfurt India hosted the maiden edition of the E-Mobility India Forum 2021 powered by the NGV India Summit. Held in New Delhi, the forum witnessed a footfall[Read More…]
Retrofitting conventional vehicles with EV conversion kits is fast catching up. Prateek Pardeshi looks at among the first such RTO approved kit by GoGoA1. The acquisition costs of EVs continue to be a deterrent for buyers. Battery costs have cooled down but yet to make a strong case for EV manufacturers. The wait for economies of scale and breaking even[Read More…]
Deepak Mathur, Sr. Vice President, Global Marketing and Sales at Jindal Aluminium Limited highlights the role of aluminium in EV manufacturing. As a metal, aluminium is not new to the auto industry. It’s over a century since the first sports car featuring an aluminium body premiered at the Berlin International Motor Show in 1899. It has proven itself to be[Read More…]
Tata Motors Ltd (TML) and TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. TPG Rise Climate along with co-investors shall invest Rs 7,500 Cr in compulsory convertible instruments to secure between 11 % to 15 % stake[Read More…]
Dr Shankar Venugopal, Vice President, Mahindra & Mahindra correlates the discovery of key input materials with the future of mobility. Sustainable mobility is a key growth enabler for fast-growing economies like India. The future of sustainable mobility is being shaped by a combination of technology and business model disruptions. The convergence of electric, connected, autonomous vehicle technologies and the shared[Read More…]
Press release | New facility plays important role in Marelli’s electrification growth strategy Company committed to getting involved in state’s technology network for e-mobility 【29 June 2021】 Marelli, a leading global automotive supplier, has received the NRW. Global Business Award 2021 for the investment in its recently established production facility for electric vehicle motors in Cologne, Germany. With[Read More…]
Press release | June 29,2021: STMicroelectronics (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, announced its collaboration with Arrival (NASDAQ: ARVL), the global technology company creating electric vehicles (EVs) using its unique technologies, to provide leading-edge semiconductor technologies and products for Arrival’s vehicles including automotive microcontrollers and power and battery-management devices. Arrival has chosen[Read More…]
News Release | BorgWarner’s integrated drive module (iDM) to power A-segment electric vehicles beginning in 2023 Modular technology features e-motor, gearbox and inverter First iDM product combining BorgWarner’s and legacy Delphi Technologies’ portfolios Auburn Hills, Michigan, June 3, 2021 – BorgWarner’s integrated drive module (iDM) was selected by the Hyundai Motor Group for its power electric system, which will be[Read More…]
