H2 Mobility’s existing investors are industrial gases makers Air Liquide and Linde, Daimler Truck and Hyundai Motor Co, utility OMV and oil companies Total and Shell. FRANKFURT: Germany’s H2 Mobility fuelling station network said on Tuesday it will get an extra 110 million euros ($121 million) over the next five years to roll out more… Continue reading H2 Mobility gets $121 mln from investors to build hydrogen network
Author: Economic Times of India Online News
Omega Seiki Mobility forms JV with Rabbit Express to tap African market
The JV will see an investment of USD 10 million to begin with, and once the manufacturing facility comes into being it is expected to be scaled up to USD 50 million Mumbai: Faridabad-based electric vehicle maker, a part of the Anglian Omega Group, Omega Seiki Mobility (OSM) has signed a joint venture pact with… Continue reading Omega Seiki Mobility forms JV with Rabbit Express to tap African market
Bolt installs 10k EV charging points in India
An average of 1.57 hours are spent for charging an EV per every charging point. NEW DELHI: EV infrastructure provider Bolt on Thursday announced that it has installed 10,000 EV charging stations in India in six months. Bolt is on track to deploy 1,00,000 charging points in the next six months by catering to demand… Continue reading Bolt installs 10k EV charging points in India
Nikola shares rise as it starts manufacturing electric trucks
Traders have a short position on about 27.5% of Nikola’s free float, according to estimates from data analytics firm Ortex. Nikola Corp shares rose about 9% in premarket trade on Thursday, a day after the company said it had started production of its electric truck. Nikola said on Wednesday after markets closed that it had… Continue reading Nikola shares rise as it starts manufacturing electric trucks
Yamaha Motor’s shared mobility platform enters into electric four-wheeler segment
The Government of India is also formulating new measures to achieve 100% electric vehicle mobility by 2030. Moto Business Service India (MBSI), the shared utility platform of Yamaha Motor has entered into the four-wheeler EV segment by partnering with an all-electric sustainable energy-powered vehicle service organization, Malbork Technologies. MBSI offers services to tech startups focusing… Continue reading Yamaha Motor’s shared mobility platform enters into electric four-wheeler segment
Air Liquide plans to triple hydrogen turnover by 2035
French industrial gases company Air Liquide on Tuesday said it plans to at least triple its hydrogen turnover to reach more than 6 billion euros ($6.58 billion) by 2035, as it presented its new mid-term targets. As one of the largest producers of hydrogen worldwide, Air Liquide expects to benefit from the energy transition’s acceleration… Continue reading Air Liquide plans to triple hydrogen turnover by 2035
Rising costs may force EV companies to up prices by 8%
Every manufacturer is facing margin pressures, but they are also adopting a ‘wait and watch’ mode to see who takes the lead in hiking prices. Mumbai: India’s electric vehicle makers are bracing for a major hike in prices across models on the back of rising input and component costs of EVs. Two-, three- and four-wheeler… Continue reading Rising costs may force EV companies to up prices by 8%
Foxconn aims to get 5% of global market share for EV business by 2025
Foxconn recently said it will build electric vehicle manufacturing facilities in the US and Thailand next year. Beijing: Foxconn, the world’s largest electronics contract manufacturer and Apple’s main iPhone supplier, is planning to capture around 5 per cent of the market share globally in the electric vehicles (EV) by the end of 2025. By that… Continue reading Foxconn aims to get 5% of global market share for EV business by 2025
Volvo announces expansion of its R&D operations in India
Swedish automotive major Volvo Group on Thursday announced the expansion of its research and development operations in India, which has become its largest development site outside Sweden. As part of the expansion in the country, Volvo Group Deputy CEO Jan Gurander laid the foundation for the ‘Vehicle TechLab’ for Volvo Group’s research and development operations… Continue reading Volvo announces expansion of its R&D operations in India
Proposed battery swapping policy needs plan for interoperability, say EV industry stakeholders
Panel Discussion on Charging, Swapping, and Powering Ahead New Delhi: Along with charging infrastructure, battery swapping could play a major role in enabling the EV industry to reach a critical scale. During her Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman, said, “Considering the constraint of space in urban areas for setting up charging stations… Continue reading Proposed battery swapping policy needs plan for interoperability, say EV industry stakeholders