Today’s renewable energy news includes announcements on Tesla, BYD, Hyundai, among others.
Tesla to Establish Next-Gen EV Gigafactory in Gujarat, India
Tesla has announced plans to build a next-generation EV manufacturing facility in Gujarat, India, marking a major milestone in its Asia expansion strategy. The USD 2 billion investment aims to produce 250,000 compact electric vehicles annually, with operations beginning in late 2026. The new plant will integrate advanced automation, AI-driven production lines, and localized supply chains to enhance efficiency and sustainability. Tesla’s strategy focuses on affordable, high-performance EVs designed for Asian markets, addressing growing demand for accessible clean mobility. By localizing manufacturing and sourcing, Tesla aims to reduce costs, improve customer affordability, and strengthen India’s position in the global EV value chain, driving innovation, employment, and a sustainable automotive future.
BYD Unveils Seal S – Its First Solid-State Battery SUV
BYD has launched the Seal S, its first solid-state battery-powered SUV, setting a new benchmark in electric mobility innovation. The vehicle delivers an impressive 1,000 km driving range and supports ultra-fast charging, achieving 80 percent charge in under 15 minutes. Backed by an investment exceeding USD 1 billion in next-gen battery R&D, BYD’s new platform focuses on safety, longevity, and performance efficiency. The Seal S is central to BYD’s strategy to expand its premium EV lineup and capture key global markets in Asia, Europe, and Latin America. Designed for tech-savvy, eco-conscious consumers, the model combines cutting-edge battery chemistry with smart connectivity features, reinforcing BYD’s position as a leader in sustainable innovation and customer-driven electrification.
Hyundai Expands EV Production in Indonesia
Hyundai Motor announced a USD 1.5 billion expansion of its Indonesian EV plant, targeting 150,000 units annually by 2026. The investment focuses on localizing EV battery assembly and introducing affordable compact models for Southeast Asian markets. Leveraging AI-based automation and circular battery recycling, Hyundai aims to enhance efficiency, sustainability, and customer value. This expansion aligns with the company’s Vision 2030 strategy to accelerate electrification in emerging economies. By focusing on cost-effective, high-performance EVs, Hyundai strengthens its regional competitiveness and supports Indonesia’s ambition to become an EV manufacturing hub for Asia.
Faheema P