India electric vehicle market to soar to USD 113.99bn by 2029
PUNE, 26 June 2023: The India electric vehicle market is expected to grow at a CAGR of 66.52% from 2022 to 2029. The market is being driven by the rising….
Category: Automobile
All-electric vehicles, also known as battery electric vehicles (BEVs), lack an internal combustion engine in favour of an electric motor. The vehicle must be connected to a wall outlet or charging apparatus, also known as electric vehicle supply apparatus, in order for the massive traction battery pack that powers the electric motor to be used (EVSE). The vehicle has no exhaust from a tailpipe and no normal liquid fuel components, such as a fuel pump, fuel line, or fuel tank, because it is powered by electricity.
Abu Dhabi-backed fund invests USD 738.5m in NIO to boost global EV growth
CHINA, 22 June 2023: NIO Inc, a leading Chinese electric vehicle (EV) maker, announced that it has entered into a share subscription agreement with CYVN Holdings LLC, an investment vehicle….
Garrett’s new technology boosts efficiency of BMW iX5 hydrogen
SWITZERLAND, 20 June 2023: Garrett Motion, a leader in automotive technology, has developed a next-generation electric fuel cell compressor (FCC) for BMW Group’s second-generation hydrogen fuel cell drive train. The….
NIO reports mixed first quarter 2023 financial results
SHANGHAI, 11 June 2023: NIO Inc (NYSE: NIO; HKEX: 9866; SGX: NIO), a pioneer and a leading company in the premium smart electric vehicle market, announced its unaudited financial results….
ArcelorMittal, GM announce partnership to produce rare low-carbon steel
INDIANA, 8 June 2023: ArcelorMittal North America and General Motors (GM) have announced a supply agreement for sustainable XCarb steel. The steel will be made using ArcelorMittal’s Electric Arc Furnace….
Electric Vehicles: The Future of Transportation in the Philippines?
PHILLIPINES, 7 June 2023: The Department of Energy (DOE) is calling for a faster rollout of electric vehicles (EVs) in the Philippines. The DOE is aiming to launch around 2.45….
Jaguar recalls 6,000 I-Pace electric SUVs in the US over battery fire risk
USA, 2 June 2023: Jaguar is recalling over 6,000 I-Pace electric SUVs in the US due to the potential risk of high-voltage battery fires. Owners have been advised to park….
Indian Government to introduce sizable EV subsidy under FAME-II scheme
DELHI, 2 June 2023: The Indian government plans to announce a significant subsidy of INR 2.5 lakh on electric vehicles, including cars, e-buses, and e-bikes. This initiative aims to promote….
Kaixin Auto makes headway in Morning Star acquisition
BEIJING, 31 May 2023: Kaixin Auto Holdings (NASDAQ: KXIN) announced today that it is making progress on the acquisition of Morning Star Auto Inc. The relief of the pandemic and….
Expert EV driver shares key steps for preserving and sustaining your electric vehicle
PUNE, 30 May 2023: As the Indian electric vehicle (EV) market experiences remarkable growth, it is essential for EV owners to be aware of measures that ensure the longevity and….