Kia India must invest ₹1,400 crore (US$16.38m) in FY26 to stay eligible for the ₹25,938 crore (US$303.5m) production-linked incentive (PLI) scheme for advanced automotive technologies, […]
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LOBO EV signs Ukraine supply deal for EVs
UK-based LOBO EV Technologies, a smart electric mobility firm, has signed a supply agreement with a Ukraine-based commercial buyer on 1 March 2025, according to […]
DLL, IRU partner for low-emission fleet transition
Netherlands-based asset finance firm DLL has partnered with Switzerland-based IRU, the global road transport organisation, to support the shift to low-emission vehicle fleets, according to […]
LION Smart, hofer powertrain partner for cooled batteries
Germany-based LION Smart, a battery pack manufacturer and subsidiary of Switzerland’s LION E-Mobility, has formed a development partnership with hofer powertrain, a drivetrain systems company […]
BYD plans US$10bn EV plant in Hyderabad
China-based electric vehicle maker BYD has planned a US$10bn investment to set up a manufacturing facility in Hyderabad, India, according to a 20 March report […]
Umicore signs pCAM supply deals with CNGR, E&D
Belgium-based battery materials producer Umicore has signed mid-to-long-term supply agreements for precursor cathode active materials (pCAM) with CNGR, a Chinese battery materials company, and Eco&Dream […]
Denmark’s IFU lends US$12.5m to Ecofy for EV, solar finance in India
Ecofy Finance, a green-focused NBFC based in India, has secured a US$12.5m long-term loan from Denmark’s state-owned development finance institution, the Investment Fund for Developing […]
ADB lends US$150m to Shriram Finance for MSME, EV funding
Multilateral lender Asian Development Bank (ADB) has signed a US$150m loan deal with India-based Shriram Finance to fund micro, small and medium-sized enterprises (MSMEs), electric […]
PULSETRAIN raises E6.1m seed funding for integrated EV batteries
Germany-based battery tech company PULSETRAIN has raised E6.1m (US$6.60m) in seed funding from Vsquared Ventures, Planet A (Berlin VC focused on climate tech), and Climate […]
Stellantis, Factorial propel EV innovation with advanced solid-state battery technology
Netherlands, 31 October 2024: The collaboration between Stellantis and Factorial Inc marks a significant advancement in electric vehicle (EV) technology, aiming to reshape the EV […]