Yatin Gupte, Chairman and Managing Director, WardWizard Innovations & Mobility Mumbai: Electric vehicle maker WardWizard Innovations & Mobility plans to invest Rs 150 crore in the business in the next six months as it looks to ramp up technology and infrastructure, among others, to meet the increased demand, a top company official has said. The… Continue reading EV maker WardWizard to invest Rs 150 cr in next 6 months
Author: Economic Times of India Online News
HPCL to build 5,000 EV charging stations in 3 years
Most of the planned 5,000 charging stations would be built in its fuel retail outlets. Hindustan Petroleum Corp (HPCL) plans to build 5,000 electric vehicle charging stations in three years in a move that could help boost wider adoption of EVs in the country and secure a significant share of the charging market for the… Continue reading HPCL to build 5,000 EV charging stations in 3 years
Charging infrastructure: The roadblock that could stop electric vehicles in their tracks
The Government of India (GoI) launched the National Mission on Transformative Mobility and Battery Storage to promote clean, connected, shared and holistic mobility initiatives in March 2019. Electric mobility has gained traction in India in recent years with a concerted focus towards incentives on vehicle and charging infrastructure, demand creation, and an enabling policy and… Continue reading Charging infrastructure: The roadblock that could stop electric vehicles in their tracks
SsangYong receives three bids for stake sale, looks to get investor on board by November
It is understood that SM Group pulled out of a bid on the premise that SsangYong was not ready to become a full EV company in the near future. Cash strapped Korean automaker, SsangYong Motors which is on the lookout for a potential investor has received only three final bids for a stake sale. This… Continue reading SsangYong receives three bids for stake sale, looks to get investor on board by November
Ford, Walmart and Argo AI team up to launch autonomous vehicle delivery service
The autonomous vehicle delivery service will be available in Miami, Austin, and Washington, D.C. Self-driving startup Argo AI, automaker Ford Motor Co and Walmart Inc will together launch an autonomous vehicle delivery service in Miami, Austin, and Washington, D.C, the companies said on Wednesday. Initial integration testing is expected to begin later this year, the… Continue reading Ford, Walmart and Argo AI team up to launch autonomous vehicle delivery service
Apple supplier Foxconn halts EV project with China’s Byton
Foxconn’s plans to build factories in the United States and Thailand to assemble entire vehicles in 2023 are intact. Bengaluru: Apple supplier Foxconn‘s electric vehicle project with Byton has been put on hold due to the Chinese startup’s worsening financial situation, the Nikkei newspaper reported on Wednesday citing unidentified sources with knowledge of the matter.… Continue reading Apple supplier Foxconn halts EV project with China’s Byton
South Korea’s LGES, Hyundai Motor start work on Indonesian EV battery plant
Hyundai Motor Group and LGES expect to develop in Indonesia a battery industry, as well as assembly plants for EVs and recharging infrastructure. South Korea’s LG Energy Solution (LGES) and Hyundai Motor Group have started construction on a $1.1 billion plant to make batteries for electric vehicles (EVs) in Indonesia, amid a push by the… Continue reading South Korea’s LGES, Hyundai Motor start work on Indonesian EV battery plant
GM extends Michigan plant shutdown over Bolt EV recall
GM said it will not resume Bolt production or sales until it is satisfied that the recall remedy will address the fire risk issue. WASHINGTON: General Motors Co said on Thursday it will extend a shutdown of a Michigan assembly plant by two weeks in the aftermath of a new recall of its Chevrolet Bolt… Continue reading GM extends Michigan plant shutdown over Bolt EV recall
Stellantis joint venture with China’s GAC to close one of two plants
The Changsha factory has capacity to make 164,000 vehicles a year, still far more than the venture sells. BEIJING – Stellantis NV’s Chinese venture with GAC will close one of its two factories in China by next March, GAC told Reuters, as Stellantis restructures operations in the world’s biggest auto market where it has struggled… Continue reading Stellantis joint venture with China’s GAC to close one of two plants
Intel says it will reserve Ireland chip factory capacity for automakers
Intel said that several automakers – including BMW AG, Volkswagen AG, Daimler AG and Bosch – had expressed support for its programs. By Stephen Nellis Intel Corp on Tuesday said that it will reserve factory capacity at its semiconductor plant in Ireland for automakers and has created a program to help them transition to making… Continue reading Intel says it will reserve Ireland chip factory capacity for automakers