Electric Vehicle

China’s CATL to raise $9 bn to expand lithium-ion battery production

Battery giant CATL is planning to raise up to 58.2 billion yuan or $8.98 billion to fund six projects aimed at boosting its production capacity...

Tesla aims to sell 20 mn electric vehicles per year by 2030

Tesla aims to sell 20 million electric vehicles per year by 2030 -- from 0.5 million in 2020 -- and deploy 1,500 GWh of...

Reliance joins Bill Gates, others to invest $144 mn in U.S. energy storage co

Reliance Industries (RIL) said it would invest $144 million in U.S. energy storage company Ambri, along with billionaire Bill Gates, investment management firm Paulson &...

Swiggy to step up EV use, taps Reliance BP Mobility

Reliance BP Mobility and Swiggy announced partnership for using Jio-bp battery swapping stations at various locations. The partnership is aimed at promoting the adoption of battery-operated...

Hyundai and LG Energy to set up $1.1 bn EV battery plant in Indonesia

Korea’s Hyundai Motor and LG Energy Solution would set up a joint venture (JV) in Indonesia to establish a battery cell plant for electric...

Hinduja Group reveals project for electric vehicles

Hinduja Group said its electric vehicle company Switch Mobility will roll out its electric (E) buses and light commercial vehicles (LCV) from the group’s...

TotalEnergies buys EV charging network in Singapore

TotalEnergies SE has agreed to buy Singapore’s largest electric vehicle charging network from fellow French firm Bollore Group. Blue Charge network consists of more than 1,500...

Daimler to invest $47 bn to develop electric vehicles

Mercedes-Benz maker Daimler said it would invest $47 billion between 2022 and 2030 to develop battery electric vehicles (EVs). Daimler’s all new vehicle platforms would only...