Faraday Future settled a governance dispute in September and raised $100 million. Faraday Future Intelligent Electric said on Monday it had signed a deal to raise up to $350 million as the electric-vehicle startup looks to roll out its FF 91 luxury car. The company said that financing from an affiliate of Yorkville Advisors Global… Continue reading EV startup Faraday Future signs deal to raise up to $350 mln
Author: Economic Times of India Online News
India has the potential to become a world leader in production of electric vehicles: Berkeley Research
The transition will also help India reduce its reliance on imported oil, improve the air quality, and meet the goal of net zero greenhouse gas emissions by 2070. India has the potential to become the world leader in electric vehicles production, a research by Berkeley National Laboratory and UCLA said, underlining that making the transition… Continue reading India has the potential to become a world leader in production of electric vehicles: Berkeley Research
EV battery makers race to develop cheaper cell materials, skirting China
By Nick Carey and Paul Lienert U.S. and European startups are racing to develop new batteries using two abundant, cheap materials – sodium and sulfur that could reduce China’s battery dominance, ease looming supply bottlenecks and lead to mass-market electric vehicles (EVs). Today’s EVs run on lithium ion batteries – mostly made with lithium, cobalt,… Continue reading EV battery makers race to develop cheaper cell materials, skirting China
Deming Award conferred on L Ganesh, Chairman, Rane Group, for TQM
L Ganesh, Chairman of Rane Group. New Delhi : L Ganesh, Chairman of Rane Group, was conferred with the prestigious Deming Award, one of the longest-running and highest recognitions globally instituted by Japan, for his outstanding contribution in dissemination and promotion (Overseas) of Total Quality Management (TQM). Ganesh is the third Indian and fifth globally… Continue reading Deming Award conferred on L Ganesh, Chairman, Rane Group, for TQM
NHAI raises ₹6.3k crore from NCR e-way monetisation
NEW DELHI: National Highways Authority of India (NHAI) has raised Rs 6,267 crore from monetisation of the Eastern Peripheral Expressway (EPE), half of the new ring road around the National Capital Region, marking the largest such mop-up by the government agency from a single project. With this transaction, NHAI has raised around Rs 11,000 crore… Continue reading NHAI raises ₹6.3k crore from NCR e-way monetisation
Electric air taxi company Archer plans $118M Georgia factory
ATLANTA – A California company seeking to build small electric aircraft says it will invest $118 million to construct a plant near Atlanta, eventually hiring up to 1,000 people. Archer Aviation, based in Santa Clara, California, said Monday that it would seek to build its aircraft adjoining an airport in Covington, Georgia. Archer is one… Continue reading Electric air taxi company Archer plans $118M Georgia factory
Electric vehicle makers burning cash, slammed by sky-high costs
Lucid’s cost of revenue surged to $492.5 million in the July-September quarter from $3.3 million a year earlier, and its losses widened as customers canceled orders fearing long wait times. By Akash Sriram Every time Lucid Group Inc or Rivian Automotive Inc sells an electric car, they are losing hundreds of thousands of dollars due… Continue reading Electric vehicle makers burning cash, slammed by sky-high costs
Indonesia to set up $2 billion EV fund with China’s CATL, CMB International
The fund will invest in the EV value chain to capture a market that is expected to grow fast globally. The Indonesia Investment Authority, the country’s sovereign wealth fund, is to set up a green electric vehicle (EV) fund of at least $2 billion with China’s battery maker CATL and CMB International, the fund’s CEO… Continue reading Indonesia to set up $2 billion EV fund with China’s CATL, CMB International
Indian shares tread water ahead of inflation data, earnings barrage
A Reuters poll showed economists expect retail price inflation slowed to 6.73% in October, due to weaker food price rises and a strong base year, but remained stubbornly above the Reserve Bank of India’s 6% upper limit. Indian shares were muted on Monday as investors awaited inflation data, due later in the day, for clues… Continue reading Indian shares tread water ahead of inflation data, earnings barrage
India International EV Show 2022: Pune to host the Biggest Electric Vehicle Show in India
India that intends to bring the thought-leaders, creators, and innovators from the electric vehicle sector together with the rest of the world to rethink sustainability through innovation and experience. E-mobility in India is picking up speed – and is racing ahead more rapidly in India than in any other country. India International EV Show 2022… Continue reading India International EV Show 2022: Pune to host the Biggest Electric Vehicle Show in India