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Author Articles
Battery Start-up Log9 Partners With Jitendra New EV Tech For InstaCharging Battery Technology For E-
Under the MOU, Log9 and Jitendra New will jointly roll out an e-scooter named 'JMT 1000HS Rapid', which will use the former's InstaCharge technology. The JMT 1000 HS e-scooters will be manufactured by Jitendra New EV Tech, while InstaCharged will be powered by Log9's RapidX batteries.
Tesla Signed Secret Nickel Supply Deal With Vale
Vale declined to comment on the report, but said it had stated previously that the company currently sells 5% of its production into the EV market and plans to increase that to 30%-40%.
Rajiv Sethu Bags Points For IDEMITSU Honda Racing India In 2022 ARRC Season Opener
The season opener was held at the Chang International Circuit in Buriram, Thailand, and Sethu, along with teammate Senthil Kumar, competed in the Asia Production 250 (AP250) class, collectively bagging 11 points between themselves.
Canada's Power Chip Maker GaN Systems Raises $150 Million, Pushes On Electric Car Market
BMW and Toyota Motor Corp have been investors in GaN Systems for several years, and Witham said GaN recently signed its first "capacity agreement" with BMW to guarantee delivery of power chips worth over a quarter of a billion dollars.
Tesla Climbs As Other EV Makers Hit Brakes After Rally
Investors exchanged $33.8 billion worth of Tesla shares on Wednesday, more than any other company on Wall Street and more than double the turnover of Apple, the second most traded company, according to Refinitiv.
Uber Introduces Revamped Shared Rides Offer In The U.S
Passengers booking a shared ride can now earn additional discounts in Uber credit, not cash, if another rider joins their trip.
California OKs $1.4 Billion Plan For Car Chargers, Hydrogen Refueling
The CEC said the plan, approved on Monday, will support California Governor Gavin Newsom's executive order phasing out the sale of new gasoline-powered passenger vehicles by 2035.
Waymo Offers Driverless Rides To Employees In San Francisco, Expands In Phoenix
Waymo did not elaborate on when or whether it plans to charge customers for rides in San Francisco. It has applied for a regulatory permit to do so.
NXP Forecasts Sales Growth Driven By Connected Vehicles
NXP Chief Executive Kurt Sievers said the company intended to focus on key areas where more chips are going into cars and where NXP believes it can hold a market position at least twice that of any competitor.
Foxconn Finalizes $50 Million Stock Deal With Lordstown Motors
Foxconn has bought stock worth $50 million from the U.S. electric vehicle maker, finalizing an equity investment announced in September.
Battery Swap Startup Ample Hits Unicorn Status With New Funding Round
The latest funding comes on the heels of a $160 million round in August that boosted the companys valuation to $890 million, according to investor website PitchBook.
Hertz In Talks With Tesla For EV Delivery Timeline
Tesla boss Elon Musk took to Twitter on Monday to say that his company had not signed a contract with Hertz, spurring a brief halt in Tesla's stock rally.
EV Maker Bedeo Acquires Protean From Evergrande's Auto Unit
Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group.a
Startup Italvolt Signs Deal With Engie's Equans In Italy Battery Facility Plan
Italvolt has pledged to invest 3.4 billion euros ($3.9 billion) to build a battery production facility in Scarmagno, near Turin, to meet growing demand for lithium-ion batteries from Europe's automotive industry.
Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets
The additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases of electric cars and buses for government and business fleets.
China Evergrande EV Unit To Raise $347 Million From Share Sale To Fund Production
China Evergrande New Energy Vehicle Group Ltd will issue about 900 million shares at HK$3 apiece through a top-up placement to controlling shareholder Evergrande Health Industry Holdings Ltd, after striking a similar deal with it last week.
South Korea's SK On To Invest $2.5 Billion To Build New EV Battery Factory In China
The company had said in September it planned to build a new battery factory in China with an initial investment of 1.2 trillion won ($1.01 billion).
Waymo, UPS Expand Autonomous Freight Truck Tie-Up Ahead Of Holidays
The company said trial runs would start in the coming weeks, where big rigs equipped with its fifth-generation Waymo Driver technology will deliver for UPS' North American Air Freight unit between facilities in Dallas-Fort Worth and Houston, Texas.
Oil Dips, Focus On OPEC+ Response To U.S.-Led Oil Release
OPEC expects the U.S. release to swell a surplus in oil markets by 1.1 million barrels per day (bpd), a source from the group said.
UK To Require Charge Points For Electric Vehicles In New Buildings
The regulations would lead to up to 145,000 extra charge points being installed in England each year in the run-up to 2030, when the sale of new petrol and diesel cars will end in Britain.
