Electric Mobility
Reuters
Jul 28, 2022, 9:34 PM
China's Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations there after failing to obtain regulatory approvals, three sources with direct knowledge of the matter said.
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Reuters | Jul 28, 2022Redwood Materials Plans To Spend $3.5 Billion On Making EV Battery EssentialsThe auto industry has been ramping up production of electric vehicles (EV) to meet a demand surge, driving up orders for batteries and raw materials such as lithium, cobalt, etc.1 min read
Reuters | Jul 28, 2022GM's Cruise Robotaxi Unit Drives Deeper Into The RedGeneral Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.4 mins read
Jaiveer Mehra | Jul 28, 2022Mahindra XUV400 Electric SUV Spied Testing Ahead Of September DebutAll-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.1 min read
Reuters | Jul 28, 2022Germany To Reduce Electric Car Subsidies In 2023The incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion euros ($3.44 billion) from the next two years' budget is spent, according to government sources.2 mins read
Reuters | Jul 28, 2022S.Korea's LGES Plans New EV Battery Plant In EuropeTesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside of China, where COVID lockdowns and rising costs were weighing on profits.3 mins read
Reuters | Jul 28, 2022Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million - CEOBluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.2 mins read
Reuters | Jul 28, 2022Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billionJapan's Panasonic Energy Co, a major Tesla Inc supplier, said on Wednesday it had selected Kansas as the site for a new battery plant that state officials said would create up to 4,000 jobs with investment of up to $4 billion.3 mins read
Reuters | Jul 28, 2022Mahindra Open To Investing In EV Battery Cell Maker To Secure Supplies - CEOIndia's Mahindra & Mahindra could consider investing in a battery-cell company to meet future electrification needs, its CEO said, after the company raised funds for its new electric vehicle (EV) unit at a $9.1 billion valuation.2 mins read
