Samsung SDI and Stellantis signs contract for Li-Ion Battery Plant in US

Samsung SDI and Stellantis signs contract for Li-Ion Battery Plant in US

Samsung SDI and Stellantis signs contract for Li-Ion Battery Plant in US. The joint venture will invest over $2.5 billion in a Li-ion Battery production plant in Indiana, U.S. Samsung SDI and Stellantis have partnered to set up an electric vehicle Li-Ion battery manufacturing facility in Kokomo, Indiana, US. Both the companies and the Government of Indiana signed …

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GreenPower partners with Jupiter Group to enter the Indian market

GreenPower partners with Jupiter Group to enter the Indian market

GreenPower partners with Jupiter Group to enter the Indian market. GreenPower will bring its all-electric Star Cab and Chassis to the Indian market. US-based electric commercial vehicle manufacturer GreenPower Motor Company has entered into a joint venture with Jupiter Group to enter the Indian EV market.  Jupiter Group is one of the leading manufacturers of railway …

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Olectra gets biggest ever order for electric buses

Olectra gets biggest ever order for electric buses

Olectra gets biggest ever order for electric buses. Olectra will supply 2,100 electric buses worth Rs 3675 crores to BEST. MEIL group‘s company Evey Trans Private Limited has got a letter of Award from The Brihanmumbai Electric Supply & Transport (BEST) for the biggest ever order for 2100 electric buses. Evey Trans was the least quoted bidder …

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Pure EV completes 50,000 electric scooter deliveries

Pure EV completes 50,000 electric scooter deliveries

Pure EV completes 50,000 electric scooter deliveries. In FY’22, Pure EV sold 14,862 electric scooters and was at no.5 on the retail sales list. Indian electric two-wheeler company Pure EV has completed more than 50,000 electric scooter deliveries across India. Pure EV was founded in 2018 by Dr. Nishanth Dongari and Rohit Vadera, both from …

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The Global EV battery market is expected to grow up to $25B by the end of 2022

The Global EV battery market is expected to grow up to $25B by the end of 2022

The Global EV battery market is expected to grow up to $25B by the end of 2022. The CAGR is 7%, and by 2026 the global EV battery market will reach $33 billion. The global EV battery market is expected to grow from $23.74 billion in 2021 to $25.43 billion in 2022 at a compound …

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Hyundai to make its first dedicated EV plant in the US

Hyundai to make its first dedicated EV plant in the US

Hyundai to make its first dedicated EV plant in the US. Hyundai’s new EV plant will have a manufacturing capacity of 300,000 units per year, and production will begin from 2025. Hyundai Motor Group has announced that it will establish its first dedicated electric vehicle and battery manufacturing plant in the US. The group has signed an …

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Sona BLW plans to invest $130M to make EV auto parts

Sona BLW plans to invest $130M to make EV auto parts

Sona BLW plans to invest $130M to make EV auto parts. 25% of Sona BLW’s revenue comes from EVs and they have an order book of $2.4B for EV parts. Gurugram-based auto parts maker Sona BLW Precision Forging is planning to invest $130 million over the next three years to manufacture EV parts.  Sona BLW makes auto …

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Volkswagen partners with Mahindra to supply components for electric vehicles

Volkswagen partners with Mahindra to supply components for electric vehicles

Volkswagen partners with Mahindra to supply components for electric vehicles. Mahindra intends to use the MEB electric components such as electric motor, battery system components, and cells in its upcoming Born Electric Platform. Automakers Volkswagen and Mahindra have signed a partnering agreement to explore the use of MEB electric components for Mahindra’s new Born Electric …

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