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Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
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Mahindra Unveils New EV Manufacturing, Battery Assembly Facility For XEV 9e, BE 6
Mahindra has allocated Rs 4,500 crore out of the total Rs 16,000 crore planned in the F22-F27 investment cycle. Mahindra's EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem.
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Honda to Double EV Range by 2029 With Solid-State Batteries
Honda plans to revolutionise electric vehicles by introducing solid-state batteries capable of doubling range by late 2020s. Announced by Keiji Otsu, President of Honda R&D, the pilot facility in Tochigi will begin production in 2025, supported by a £277 million investment. The project aims to reduce battery size, weight, and cost while enhancing ...
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Tata Group to Build Electric Vehicle Battery Plant in UK
Tata Group will build an electric vehicle battery plant in Britain, the company and the government said on Wednesday, in a major boost for a car industry in need of domestic battery production to help secure its long-term future.
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Tata to Build Rs. 130 Billion Electric Vehicle Battery Plant in Gujarat
India’s Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs. 130 billion rupees. Tata Agaratas Energy Storage Solutions, a subsidiary of Tata Group, signed a memorandum of understanding on Friday to establish an electric-ve...
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Tata To Build Rs 13,000 Crore EV Battery Plant In Gujarat
Salt-to-software conglomerate Tata Group signed an agreement with the Gujarat government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs 13,000 crore.
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Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
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Auto Expo 2023: Tata Considering Setting Up Battery Cell Plants for EVs in India, Europe
Tata is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), according to the chief financial officer of its auto unit. Tata is evaluating two production bases, the other one is in Europe, so that the battery cell needs of its luxury car unit Jaguar Land Rover - which has a manufacturing facility th...
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Hyundai Set to Launch $5.5 Billion US EV Plant as Inflation Reduction Act Dims Sales Outlook
Hyundai on Tuesday will break ground on a new $5.5 billion (roughly Rs. 45,500 crore) electric vehicle (EV) and battery plant in the US, ahead of the company's plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah. The event comes at a time when South Korea and the European Union are a...
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CATL to Set Up $7.6 Billion Hungary Battery Plant to Supply BMW, Mercedes Amid Growing Demand
CATL, the world's biggest electric vehicle battery maker has announced plans to build a EUR 7.3 billion (roughly Rs. 59,600 crore) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
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Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billion
Japan'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.
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Hero Electric Begins Work to Set Up Second Manufacturing Plant in India for Electric Two-Wheelers
Hero Electric on Thursday said it has commenced work on the second manufacturing plant in the country in Ludhiana, Punjab. The upcoming plant is adjacent to the company's existing facility and is targeted at ramping up the production capacity. The greenfield plant would come up in 10 acres of land with an annual production capacity of 2 lakh vehicl...
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China Greentech Company Envision To Build EV Battery Plant In Spain
Spain has signed a partnership agreement with Chinese green energy company Envision Group to embark on four projects, including a battery plant for electric cars, with 3.8 billion euros ($3.9 billion) in total investment, partly funded by European Union aid.
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UK Fast-Charging Battery Startup Nyobolt Raises $59 Million
Nyobolt has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 2023 to produce millions of battery cells.
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Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 Billion
Panasonic, a major Tesla supplier, said 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.
-
Ola Electric Gets Government Notice for Missing Battery Plant Setup Target
Ola Electric received a letter from the federal government on Tuesday for missing a key milestone in the setup of its planned battery "gigafactory". The Rs. 181 billion ($2.07 billion) scheme required companies to set up manufacturing facilities within two years.
-
Mahindra Unveils New EV Manufacturing, Battery Assembly Facility For XEV 9e, BE 6
Mahindra has allocated Rs 4,500 crore out of the total Rs 16,000 crore planned in the F22-F27 investment cycle. Mahindra's EV manufacturing hub is a fully integrated, highly automated manufacturing ecosystem.
-
Honda to Double EV Range by 2029 With Solid-State Batteries
Honda plans to revolutionise electric vehicles by introducing solid-state batteries capable of doubling range by late 2020s. Announced by Keiji Otsu, President of Honda R&D, the pilot facility in Tochigi will begin production in 2025, supported by a £277 million investment. The project aims to reduce battery size, weight, and cost while enhancing ...
-
Tata Group to Build Electric Vehicle Battery Plant in UK
Tata Group will build an electric vehicle battery plant in Britain, the company and the government said on Wednesday, in a major boost for a car industry in need of domestic battery production to help secure its long-term future.
-
Tata to Build Rs. 130 Billion Electric Vehicle Battery Plant in Gujarat
India’s Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs. 130 billion rupees. Tata Agaratas Energy Storage Solutions, a subsidiary of Tata Group, signed a memorandum of understanding on Friday to establish an electric-ve...
-
Tata To Build Rs 13,000 Crore EV Battery Plant In Gujarat
Salt-to-software conglomerate Tata Group signed an agreement with the Gujarat government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs 13,000 crore.
-
Tata Motors in Talks to Sell Minority Stake in Its EV Division, Intends to Raise Up to $1 Billion: Report
Tata Motors is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in the company's electric vehicle division, Economic Times newspaper reported on Thursday, citing sources.
-
Auto Expo 2023: Tata Considering Setting Up Battery Cell Plants for EVs in India, Europe
Tata is considering setting up plants in India and Europe to produce battery cells for electric vehicles (EV), according to the chief financial officer of its auto unit. Tata is evaluating two production bases, the other one is in Europe, so that the battery cell needs of its luxury car unit Jaguar Land Rover - which has a manufacturing facility th...
-
Hyundai Set to Launch $5.5 Billion US EV Plant as Inflation Reduction Act Dims Sales Outlook
Hyundai on Tuesday will break ground on a new $5.5 billion (roughly Rs. 45,500 crore) electric vehicle (EV) and battery plant in the US, ahead of the company's plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah. The event comes at a time when South Korea and the European Union are a...
-
CATL to Set Up $7.6 Billion Hungary Battery Plant to Supply BMW, Mercedes Amid Growing Demand
CATL, the world's biggest electric vehicle battery maker has announced plans to build a EUR 7.3 billion (roughly Rs. 59,600 crore) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.
-
Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 billion
Japan'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.
-
Hero Electric Begins Work to Set Up Second Manufacturing Plant in India for Electric Two-Wheelers
Hero Electric on Thursday said it has commenced work on the second manufacturing plant in the country in Ludhiana, Punjab. The upcoming plant is adjacent to the company's existing facility and is targeted at ramping up the production capacity. The greenfield plant would come up in 10 acres of land with an annual production capacity of 2 lakh vehicl...
-
China Greentech Company Envision To Build EV Battery Plant In Spain
Spain has signed a partnership agreement with Chinese green energy company Envision Group to embark on four projects, including a battery plant for electric cars, with 3.8 billion euros ($3.9 billion) in total investment, partly funded by European Union aid.
-
UK Fast-Charging Battery Startup Nyobolt Raises $59 Million
Nyobolt has raised 50 million pounds ($59 million) in Series B funding to build a UK manufacturing plant in 2023 to produce millions of battery cells.
-
Panasonic Picks Kansas For Tesla EV Battery Plant, State Puts Investment At $4 Billion
Panasonic, a major Tesla supplier, said 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.
