Page 61 - Electric Vehicles
Mahindra considering funding options for EV supercar unit, says report
BENGALURU (Reuters) - Mahindra & Mahindra Ltd is considering options to raise funds for its unit Automobili Pininfarina, as the Indian automaker looks to start production of its $2.2 million electric hypercar, Bloomberg News reported.
 "Mahindra considering funding options for EV supercar unit, says report")
Oil will be world's No. 1 energy source for decades, says OPEC
OPEC says that more electric vehicles on the road and the push for alternative and renewable energy will indeed usher in an era of declining demand for oil in rich countries
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Ford, SK Innovations to invest $11.4 bn on electric truck, battery plants
The project will create two vast sites to produce electric vehicles and the batteries to power them, employing nearly 11,000 workers, the companies said Monday
 "Ford, SK Innovations to invest $11.4 bn on electric truck, battery plants")
PLI Scheme for auto sector to promote electric vehicles needs a relook
The government's PLI scheme for automobile makers might leave the electric two-wheeler industry, which has seen a lot of action recently, out in the cold. Let's delve into the details of the matter
 "PLI Scheme for auto sector to promote electric vehicles needs a relook")
Ford to add 10,800 jobs making electric vehicles, batteries in US
The factories, to be built on sites in Kentucky and Tennessee, will make batteries for the next generation of Ford and Lincoln electric vehicles that will be produced in North America
 "Ford to add 10,800 jobs making electric vehicles, batteries in US")
Luxury carmaker Audi pitches for lower import duties on electric vehicles
German luxury carmaker Audi has termed high taxation on imported cars in India an impediment for growth of the electric segment while noting that even some relief in terms of duties could help
 "Luxury carmaker Audi pitches for lower import duties on electric vehicles")
World's highest EV charging station installed at Himachal's Spiti Valley
Pune-based EV charging infra startup goEgoNetwork has installed its electric vehicle charging facility at Kaza in the Spiti Valley, Himachal Pradesh
 "World's highest EV charging station installed at Himachal's Spiti Valley")
Piaggio's India subsidiary sets up first EV facility in Chennai
Piaggio had recently launched their FX range (fixed battery) of EVs in both cargo and passenger segments.
 "Piaggio's India subsidiary sets up first EV facility in Chennai")
Evergrande misses payment deadline, EV unit warns of cash crunch
China Evergrande's electric car unit warned on Friday it faced an uncertain future unless it got a swift injection of cash
 "Evergrande misses payment deadline, EV unit warns of cash crunch")
Hero Electric, Massive Mobility to set up 10,000 EV charging stations
The EV charging network, when up and running, would be open to all electric vehicles and will lead to standardisation between manufacturers.
 "Hero Electric, Massive Mobility to set up 10,000 EV charging stations")
Tata Motors achieves cumulative EV sales mark of 10,000 units
Tata Motors had entered the electric vehicle space with Tigor EV
 "Tata Motors achieves cumulative EV sales mark of 10,000 units")
E-scooters, drones, flying cars: Ola CEO Bhavish Aggarwal's mobility vision
Ola's Futurefactory, world's largest 2-wheeler unit is building the first in the firm's range of scooters--the Ola S1; firm will soon expand EV range with more scooters, bikes and cars
 "E-scooters, drones, flying cars: Ola CEO Bhavish Aggarwal's mobility vision")
India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric
"2027 would be a good time for new sales to be 100% electric," Naveen Munjal, managing director of Hero Electric Vehicles Pvt., said in an interview
 "India must end petrol two-wheelers by 2027: e-scooter firm Hero Electric")
EVs may cut global refining capacity demand by half in 2050: Report
"Going forward we will be touching by 2050 somewhere very close to 90% of electrification," Mukesh Sahdev, senior vice president and head of downstream at Rystad Energy said
With India's foot on EV pedal, Tata Tech expects 35% biz recharge
Tata arm sets target of becoming 'half-a-billion-dollar' firm by end-FY22
 "With India's foot on EV pedal, Tata Tech expects 35% biz recharge")
Tesla expected to reach 1.3 mn deliveries in 2022: Report
Electric vehicle maker Tesla is expected to reach 1.3 million deliveries in 2022, says a new report.
 "Tesla expected to reach 1.3 mn deliveries in 2022: Report")
I can promise we haven't lost interest in India: VW's Klaus Zellmer
Zellmer expects to see VW's market share grow to 3 per cent in the next five years
 "I can promise we haven't lost interest in India: VW's Klaus Zellmer")
Ola Electric sells e-scooters worth Rs 1,100 crore in just two days
Ola group CEO Bhavesh Aggarwal said this is unprecedented not just in the automotive industry, but also in Indian e-commerce history
 "Ola Electric sells e-scooters worth Rs 1,100 crore in just two days")
TVS Motor acquires Swiss e-bike maker to tap into the segment in Europe
The Chennai-based firm has bought 80% stake in EGO for $17.9 mn; aims to generate $100-150 mn in next 3-5 years by participating in growing demand for e-bikes in the continent
 "TVS Motor acquires Swiss e-bike maker to tap into the segment in Europe")
Ola Electric sells scooters worth Rs 600 cr in 24 hrs, 4 units every second
Ola Electric, which had to defer e-scooter sales due to a website glitch last week, opened the purchase of Ola S1 and S1 Pro on Wednesday
 "Ola Electric sells scooters worth Rs 600 cr in 24 hrs, 4 units every second")