Tag: Electric vehicles

Electric Vehicle Charging Cable Market to Reach $3.45 Billion, Globally, by 2031 at 18.1% CAGR: Allied Market Research

Surge in adoption of EVs, increase in demand for fast charging cables, and rise in government initiatives for lowering down carbon footprints drive the global electric vehicle charging cable market growth PORTLAND, Ore., June 14, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Electric Vehicle Charging Cable Market by Power Type (AC charging, DC… Continue reading Electric Vehicle Charging Cable Market to Reach $3.45 Billion, Globally, by 2031 at 18.1% CAGR: Allied Market Research

India digest: Siply raises $19m; Tiger Global leads Groyyo, Battery Smart funding rounds …

Micro-savings platform Siply has raised $19 million in its pre-Series A round of funding led by QI Ventures. Separately, Tiger Global has led funding in B2B manufacturing and automation startup Groyyo and EV battery swapping network Battery Smart. Siply raises $19m pre-Series A Micro-savings platform Siply has raised $19 million in its pre-Series A round… Continue reading India digest: Siply raises $19m; Tiger Global leads Groyyo, Battery Smart funding rounds …

BECIL writes to BESCOM on ‘shortcomings’ in EV tender

The Broadcast Engineering Consultants India Limited (BECIL), a Government of India Public Sector Undertaking engaged in the creation of EV Charging Infrastructure in the country, has written to the Bangalore Electricity Supply Company Limited (BESCOM) highlighting shortcomings in the tender for setting up EV charging station at government-owned locations in Bengaluru urban district under BESCOM… Continue reading BECIL writes to BESCOM on ‘shortcomings’ in EV tender

Euler ties up with LetsTransport

EV maker Euler Motors has partnered with LetsTransport, an urban logistics aggregator based in Bengaluru, to deploy 1,000 HiLoad EVs. The EVs will be deployed in Bengaluru, Hyderabad and Delhi-NCR by the end of the year, with other cities to follow. Through the partnership, Euler Motors hopes to gain a stronger foothold in the EV… Continue reading Euler ties up with LetsTransport

Trend Micro Innovations Shape the Automotive Cybersecurity Industry

Strong market demand and business incubation drive connected vehicle security solutions DALLAS, June 14, 2022 /PRNewswire/ — Connected cars provide plenty to entice threat actors, with more than 400 million predicted to be on the roads globally by 2025. Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced VicOne, dedicated security for the electric… Continue reading Trend Micro Innovations Shape the Automotive Cybersecurity Industry

Overair Receives $145 million Investment from Hanwha Group to Develop All-Electric VTOL Aircraft

Hanwha’s continued investment in Overair not only fuels the ongoing development of Butterfly but will also allow Overair to lay the groundwork for commercializing their mobility technology. In addition to their investment, Hanwha will also provide electric motors and battery packs for Overair’s prototypes, as the two companies expand their R&D co-operation. “This is a… Continue reading Overair Receives $145 million Investment from Hanwha Group to Develop All-Electric VTOL Aircraft

LG invests $450 million in producing Tesla’s 4680 battery cell format

LG announced that it is investing $450 million into producing 4680 battery cells, a format pioneered by Tesla. While the Korean battery manufacturer didn’t confirm that the new cells will be for Tesla, it is extremely likely. When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a… Continue reading LG invests $450 million in producing Tesla’s 4680 battery cell format

LG Energy Solution to build a 4680-battery production plant…potential supply to Tesla

LG Energy Solution will invest KRW 730 billion in its Ochang plant in South Korea to build and expand the production line for next-generation cylindrical batteries. This investment includes mass-production facilities and production of the ‘4680’ cylindrical battery, Tesla’s main battery. LG Energy Solution will gain a core competence for customer diversification by equipping the… Continue reading LG Energy Solution to build a 4680-battery production plant…potential supply to Tesla