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Start-up Neuron Energy leads EV battery innovation with impressive growth
In 2023, 36 startups focused on EVs have secured over $480 million in investments.Read more
Chinese Battery giants, Guoxuan High-Tech, EVE Energy expand in US Market
Guoxuan USA, is planning the construction of a battery factory in Illinois with an annual production capacity of 40 GWh.Read more
With automotive supply chains stabilising, focus on sustainability expected to rise back up automakers’ agendas
A report by Capgemini Research Institute shows that the auto organisations are more confident to tackle future supply chain disruptions, having slashed backlog orders by 61%. A further 39% reduction is predicted in the next year.Read more
Zetwerk dives into IT Hardware, EV components manufacturing
Zetwerk is currently engaged in discussions with potential customers for component manufacturing partnerships and is exploring the establishment of a manufacturing plant in the western part of the countryRead more
EV Battery prices drop 10% in August amidst dampened demand
As reported by market research firm TrendForce, the average price drop for cells used in EV batteries reached 10%, underscoring a lackluster growth trend in the EV battery market.Read more
Coimbatore MSMEs embrace EV Industry with Skilling Program
This initiative is a collaborative effort between the Facilitating MSMEs in Tamil Nadu (FaMe TN) and the World Resources Institute (WRI-India).Read more
Indian govt removes mandatory human safety tests for EV Batteries
According to the latest guidelines issued by the Ministry of Heavy Industries, adherence to the prevailing EV battery testing standards established by MoRTH is now the sole requirement for availing incentives.Read more
Mahindra & Volkswagen comes together for EV Components
In addition to these initiatives, Mahindra is targeting an annual production of 200,000 electric vehicles at its Chakan plant in Maharashtra from 2027 to 2029.Read more
STMicroelectronics supplies SiC technology to BorgWarner for Volvo Cars EVs
BorgWarner will use the SiC dice in their traction inverter platforms for several current and future Volvo Car BEVs. ST to supply Silicon Carbide (SiC) power MOSFETs for BorgWarner’s Viper power module to support Volvo Cars’ journey towards being fully electric by 2030.Read more
US allocates $15.5 bn to boost electric vehicle transition
The United States Department of Energy is allocating $15.5 billion to facilitate the shift towards electric vehicles (EVs).Read more