Media
Chinese automaker BYD proposes $1 billion investment to produce EVs, batteries in India
- July 14, 2023
Source: Business Today
BYD, a Chinese automaker and battery maker, has proposed a $1 billion investment in India to establish manufacturing facilities for electric vehicles and batteries. The investment would be made in partnership with a local company, and would create many jobs. The proposed investment is a sign of BYD's confidence in the Indian electric vehicle market, which is expected to grow rapidly in the coming years.
Critical minerals market sees unprecedented growth as clean energy demand drives strong increase in investment
- July 11, 2023
Source: International Energy Agency
The first annual IEA Critical Minerals Market Review shows that record deployment of clean energy technologies is propelling huge demand for minerals such as lithium, cobalt, nickel and copper. The market for energy transition minerals reached USD 320 billion in 2022 and is set for continued rapid growth, moving it increasingly to centre stage for the global mining industry.
Promising signs of growth for electric vehicles in India: IEA
- July 11, 2023
Source: ET Energy World
The International Energy Agency has said there are promising signs of growth for electric vehicles in emerging markets like India and Indonesia going forward, outside of the three major global markets including China, US and EU. The deployment of clean energy technologies had another record year in 2022, and the electric car markets witnessed unprecedented growth as sales exceeded 10 million units in 2022, with a total of 14 per cent of all new cars sold being electric – up from less than 5 per cent in 2020, according to IEA report "Critical Minerals Market Review 2023".
Major EV shift plan in Kolkata by 2030, dip in carbon emissions likely by 2.8m tonnes
- July 10, 2023
Source: The Times of India
A major portion of Kolkata’s automobile will shift to electric vehicles (EVs) over the next decade, according to the Kolkata Comprehensive Electric Mobility Plan, jointly prepared by the Asian Development Bank and Niti Ayog. Kolkata aims to achieve major EV penetration by 2030, resulting in a significant reduction in carbon dioxide emissions.
Kia India developing a mass-market electric vehicle for India that will debut in 2025
- July 10, 2023
Source: The Telegraph
Kia India is developing a mass-market electric vehicle (EV) for India that will debut in 2025. While the vehicle will be engineered at the Kia Corporation headquarters in South Korea, there will be a significant contribution from our Indian R&D, according to Mr Hardeep Singh Brar, national marketing and sales head of Kia Motors India. Kia Corporation is developing 14 battery electric vehicles (BEVs)s with an investment of $20 billion by 2030.
CoE for new mobility to come up in Hyderabad
- July 06, 2023
Source: The Hindu
A centre of excellence (CoE) for new mobility focussed on connected, autonomous, secure and electric vehicles as part of a strategic collaboration between auto parts company Mobis India, Birla Institute of Technology & Science (BITS) Pilani Hyderabad and the Telangana government will be established in Hyderabad.
Green hydrogen R&D roadmap pitches for fuel cell technologies in long-range heavy vehicles
- July 05, 2023
Source: The Hindu Business Line
The Ministry of New and Renewable Energy (MNRE) has released a draft R&D roadmap for the green hydrogen ecosystem in India, which stresses developing fuel cells for long-range travel, particularly in the road transport sector. The draft report emphasises combination of hydrogen fuel cells, advanced batteries, and supercapacitors that will be key technologies in the automobile sector in the coming years.
EV sales in India charge past 700,000 units in first six months of 2023
- July 03, 2023
Source: Autocar Professional
Retail sales of electric vehicles in India have charged past the 700,000-unit mark in the first half of calendar year 2023. As of end-June 2023, as per Vahan data referenced on July 1, total sales were recorded at 721,971 units, which is already 73% of India EV Inc’s record sales in CY2022.
EV charging station with 4 machines at Kolkata airport this month, to charge 30 vehicles in 24 hours
- July 03, 2023
Source: ET Auto
An electric vehicle charging station is being set up at the Kolkata airport and the facility will be available for the airport staff and people. The charging station, with four 30KW direct current fast electric chargers, is coming up opposite the old domestic terminal. It can charge at least 30 vehicles in 24 hours.
As demand for EV batteries picks up, makers eye lithium reserves
- July 03, 2023
Source: Rediff.com
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs. Recently, Tata Group, which commands an 85 per cent share of the electric car market, signed an agreement with the Gujarat government to set up a lithium ion cell factory at an investment of Rs 13,000 crore having a capacity of 20-gigawatt hour (GWh) at Sanand, which could be doubled in the second phase of expansion. Another plant in Europe is also planned.