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 […]
Category: Global
Globally, electric vehicle sales reached 14.2 million in 2022. This represents a significant increase from 2021, when EV sales accounted for 9% of new car sales. The top 5 countries by EV sales were China, Europe, the United States, Norway, and South Korea. The global EV market size was USD 280 billion in 2022 and is expected to grow to USD 1 trillion by 2026.
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 […]
Hyzon, GreenWaste leads way in North America’s first hydrogen-powered refuse trucks
North America, 23 October 2024 : Hyzon Motors, U.S.-based hydrogen fuel cell manufacturer, has made significant strides by securing North America’s first purchase agreement for […]
Samsung-Hyundai alliance paves the way for smart home-car connectivity
KOREA, 5 January 2024: Samsung Electronics and Hyundai Motor Group have joined forces to revolutionize lifestyles, integrating the SmartThings platform into connected cars, including electric […]
NIO’s repurchase right notification for convertible senior notes
SHANGHAI, 4 January 2024: NIO Inc, a pioneer in premium smart electric vehicles, has revealed a significant update regarding its 0.00% Convertible Senior Notes due […]
CBL’s $420M Investment sparks growth in Indonesia’s EV battery sector
INDONESIA, 25 December 2023: In a significant development for Indonesia’s electric vehicle (EV) battery industry, Ningbo Contemporary Brunp Lygend (CBL), a prominent Chinese EV battery […]
Lotus powers up with new electric vehicle charging solutions
LONDON, 30 November 2023: In a significant move towards its Vision80 strategy of becoming an all-electric global luxury technology brand by 2028, Lotus has unveiled […]