Electric Vehicle
Ola Electric raises $100 mn debt from Bank of Baroda
Ola Electric and Bank of Baroda have signed the largest long-term debt financing agreement in Indian EV industry.
This 10-year debt of US$100 million is...
Electric Vehicle
GWM to invest RMB 100 billion in R&D for green vehicles
GWM plans to invest RMB 100 billion in R&D in the coming five years for NEVS and smart vehicles, offering more environment-friendly products.
GWM has won over...
Electric Vehicle
Dieselgate scandal: EU fines Volkswagen, BMW $1 bn for emissions cartel
The European Commission fined German carmakers Volkswagen and BMW a total of 875 million euros or $1 billion for colluding to curb the use...
Electric Vehicle
EV maker Nio plans 4,000 battery swapping stations globally in 2025
Chinese electric vehicle maker Nio plans to set up 4,000 battery swapping stations globally in 2025.
The company, which makes premium electric cars, aims to...
Electric Vehicle
LG Chem to invest $13.7 bn in EV battery business in South Korea
LG Chem and its battery subsidiary LG Energy Solution (LGES) plan to invest a combined 15.1 trillion won ($13.17 billion) in South Korea this...
Electric Vehicle
SK Innovation to enhance battery production capacity to 200 GWh
South Korea’s SK Innovation aims to enhance its battery production capacity to 200 gigawatt-hours (GWh) in 2025, up 60 percent from its previously announced...
Electric Vehicle
BP makes $7 mn investment in electric vehicle charging firm IoTecha
BP Ventures has invested $7 million in smart electric vehicle (EV) charging firm, IoTecha, leading a $13.2 million investment round.
IoTecha’s technology connects EV chargers...
Electric Vehicle
GM plans to build two additional EV battery plants in US
General Motors (GM) on Wednesday boosted its spending on electric and autonomous vehicles, pulled ahead plans for two U.S. battery plants, Reuters reported.
The No....