Tesla deployed 9.4 gigawatt hours of energy storage products in the second quarter of 2024, more than double of that in the January-March period. Morgan Stanley raised its valuation for Tesla‘s energy storage business, expecting a global surge in demand for power driven by the artificial-intelligence boom, and the company’s ability to grow its market… Continue reading Morgan Stanley bullish on Tesla’s energy storage segment
Author: Economic Times of India Online News
Maruti Suzuki Accelerator program now open to global startups
Starting with the ninth cohort, the program previously known as the Mobility and Automobile Innovation Lab (MAIL) will now be referred to as the Maruti Suzuki Accelerator. Maruti Suzuki India Ltd has announced the expansion of its accelerator program to include global startups, aiming to support the ‘Make in India’ and ‘Startup India‘ initiatives. Indian… Continue reading Maruti Suzuki Accelerator program now open to global startups
Greaves Finance partners with ACKO to promote EV ownership in India
The collaboration between evfin and ACKO aims to alleviate the financial burden on EV owners in the event of accidents and hospitalisations, while also driving the development of new EV-centric products. Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd., has partnered with tech-first insurer ACKO to promote seamless electric vehicle (EV) ownership in India.… Continue reading Greaves Finance partners with ACKO to promote EV ownership in India
Chinese auto exports surge, partly offsetting a sales slump at home
The European Union imposed provisional duties on Chinese electric vehicles last week, alleging that government subsidies give automakers in China an unfair advantage. Chinese auto sales slumped in June as the domestic economy remained sluggish, but buoyant exports offset the decline at home, an industry association said Wednesday. Sales in China dropped 7.4% compared to… Continue reading Chinese auto exports surge, partly offsetting a sales slump at home
JSW MG Motor collaborates with Shell to enhance EV charging infrastructure
“Our partnership with Shell India highlights our shared commitment to sustainable mobility and will help accelerate EV adoption across the country,” stated Gaurav Gupta. JSW MG Motor India has partnered with Shell India to expand electric vehicle (EV) charging infrastructure across the country. Announced on Wednesday, the collaboration allows JSW MG Motor India customers to… Continue reading JSW MG Motor collaborates with Shell to enhance EV charging infrastructure
Spain’s Enagas sells U.S. asset to finance green hydrogen plans
By the end of the decade, the group’s regulated hydrogen assets, worth some 3 billion euros, are expected to exceed those of natural gas, seen at around 2 billion euros. Enagas has agreed to sell its 30.2% stake in U.S. energy infrastructure company Tallgrass Energy to finance green hydrogen projects, the Spanish gas grid operator… Continue reading Spain’s Enagas sells U.S. asset to finance green hydrogen plans
EV adoption could save USD 10 bn, create millions of jobs by 2030: Amitabh Kant
“There is a need to develop a new overarching strategy for road transport that can accelerate the EV transition by 2030,” Kant wrote in a post on X. New Delhi: Highlighting the need to create a new overarching strategy for road transport that can boost transition to Electric Vehicles (EV), G20 Sherpa and former NITI… Continue reading EV adoption could save USD 10 bn, create millions of jobs by 2030: Amitabh Kant
Fatal road accidents in state raise urgent safety questions
He said while Bihar has only 5% of the total NH length, around 44% of total deaths were reported from here, with over-speeding being the top cause. While Mumbai’s chilling accident, in which a 45-year-old was hit and dragged for nearly 1.5km on a road, has raised concerns regarding road safety, similar incidents have become… Continue reading Fatal road accidents in state raise urgent safety questions
Rupee likely to maintain narrow range after Powell’s ‘neutral’ stance
The rupee “will continue its familiar rangebound ways” with U.S. inflation data, due on Thursday, acting as the next key trigger, he said. The Indian rupee will likely open flat to the U.S. dollar on Wednesday after the Federal Reserve Chair warned against cutting interest rates too early. Non-deliverable forwards indicate the rupee will open… Continue reading Rupee likely to maintain narrow range after Powell’s ‘neutral’ stance
China has shown ‘utmost sincerity’ over China-EU EV tariff talks, says ministry
“China is bound to take all measures to safeguard its rights and interests against any egregious practices that abuse the rules and suppress China,” the ministry added. China has shown the “utmost sincerity” over consultations relating to a European Union investigation into electric vehicle subsidies, and a comment attributed to an EU official is “grossly… Continue reading China has shown ‘utmost sincerity’ over China-EU EV tariff talks, says ministry