EV CHARGING SECTOR
Amid demand slowdown, EVs plug into PE recharging infrastructure
Private equity firms are increasing investments in India's electric two- and three-wheeler industry amidst a slowdown in electric passenger vehicle sales. Total funding in the first half of 2024 reached $754 million. Electric two-wheeler sales are on the rise, but electric passenger vehicle sales have declined. Challenges such as range anxiety and inadequate charging infrastructure persist.
Xiaomi to showcase its first electric car, the SU7 EV, in India tomorrow: Report
Xiaomi will showcase its first electric car, the SU7, in India on July 9 as a market test. The car comes in two versions with different driving ranges and is priced competitively. The event in Bengaluru will also feature other household appliances and new product categories.
Xiaomi's newly-unveiled SU7 EV quietly brought to India, to be showcased in Bengaluru; no news on launch date
The car will be showcased in Bengaluru, although the company has stated there are "no plans" for an immediate launch in India. This exhibition may be a move to test the waters in the Indian car market or to celebrate a decade of Xiaomi's business operations in the country.
Brookfield targets USD 10 billion investments in renewable sector
Canada’s Brookfield Asset Management plans to triple its investments in India’s renewable energy sector to over $10 billion within the next three to four years. The firm is also exploring opportunities in electric vehicles and green hydrogen. With a current portfolio of over 25 GW, Brookfield is the second-largest investor in India’s green energy assets. Through its new Catalytic Transition Fund, Brookfield aims to further its commitment to clean energy and transition projects in emerging economies, including India.
eInfochips bags twin ISG Standout Case Studies for surgical display platform, EV charging
According to ISG, this case study showcases collaborative new product development driven by specialised technological and engineering expertise.
View: FAME III, tax rationalization, PLI tweak & more - What the Indian EV sector needs from Budget 2024-25
India, as per IBEF, is the world’s third-largest automobile market and supports the EV 30@30 Campaign. The Finance Minister, Smt. Nirmala Sitharaman, will table the Union Budget 2024-25 next month.
Mahindra group may join hands with global players for cell production in India: MD Anish Shah
Mahindra Group plans partnerships for local battery cell production to meet future electric vehicle demand in India by 2030. CEO Anish Shah confirms global technology and private equity interests for funding, focusing on indigenous production. Mahindra Electric's listing is slated for after 2030, anticipating market maturity and infrastructure growth for EV adoption despite current challenges.
EV sales soar 40.31 per cent in FY24, two-wheelers lead the charge
Electric two-wheelers (E2Ws) and electric three-wheelers (E3Ws) were the main contributors, representing 94 per cent of all EV sales. The E2W segment led the charge, selling 1,009,356 units, showing a 29 per cent year-on-year growth and capturing 57.60 per cent of total EV sales. The introduction of advanced models comparable to internal combustion engine vehicles played a crucial role in this growth.
Expo Centre Sharjah signs agreement to launch Middle East Electric Vehicle Show 2025
Expo Centre Sharjah (ECS) has forged a strategic partnership with MIE Events to debut the Middle East Electric Vehicle Show (MEEVS) in 2025 at the Centre. This groundbreaking agreement paves the way for the region's premier electric vehicle event, set to feature over 100 leading global brands. MEEVS aims to spotlight the future of sustainable transportation by showcasing cutting-edge electric, hydrogen, and hybrid vehicles, as well as electric bikes, and innovative technologies in the electric transport sector.
ABB Mulling Sale of Some Electric Mobility Assets
ABB is considering selling part of its E-mobility business, including EV charging stations and R&D facilities in China, with potential buyers showing interest. The sale could fetch $100-200 million, but ABB may opt against it. The assets include ABB E-mobility's direct and alternating current charger operations. ABB has not commented, but notes it has sold over 1 million EV chargers globally. The company's CEO sees growth potential in China.
Tata Power-DDL, India Smart Grid Forum tie up for vehicle-to-grid technology demo project
Tata Power Delhi Distribution partners with India Smart Grid Forum for Vehicle-to-Grid Technology Demonstration Project, exploring EVs' grid services, backup power, and carbon emissions impact. The project involves stakeholders like Delhi Electricity Regulatory Commission, Central Electricity Authority, Tata Motors, and the University of Delaware, USA. Key figures include Gajanan S. Kale and Reji Kumar Pillai.
Talent demand in EV segment drives in new roles and contract hiring
The electric vehicle (EV) industry is booming, creating a demand for diverse skills and expertise. Opportunities span technical, leadership, and operational roles. Contract staffing is playing a crucial role in meeting the industry's needs, with a focus on talent development and agile solutions. Leaders face challenges in talent acquisition and navigating industry dynamics amidst rapid advancements.
Hero MotoCorp, India's top two-wheeler maker, has a three-pronged strategy for the EV sector
Hero MotoCorp, led by CEO Niranjan Gupta, aims to boost EV sales with strategic acquisitions. Gupta, with a 30% stake in Ather Energy, plans to expand the VIDA portfolio with affordable variants and enhance the charging infrastructure network.
Technological factors can stall or spur adoption of EV 2-wheelers
The technological factors affecting electric two-wheelers (EV 2Ws) are integral to their development and widespread adoption in India, say EV industry stakeholders.
MG Motor announces 100-year special editions of Comet, ZS EVs, & other models
MG Motor India introduces 100-year Special Edition models of Comet, Astor, Hector, ZS EV in India with unique design elements. Price details, sales figures, and upcoming Gloster facelift are also mentioned.
Powering ahead: The role of renewable energy in electric vehicle charging infrastructure
India aims for a sustainable future with EVs & renewable energy. Challenges include sparse charging stations & policy reforms. By 2030, target is 500 GW renewable energy for a greener tomorrow.
Coconut power for EVs? How startups are racing to decarbonise batteries
With the world betting on electric vehicles, the need for greener batteries has become important to maintain the balance between development and sustainability.
Kerala-based energy tech startup to deploy 1,200 EV chargers across India
The company, chargeMOD, in an announcement made earlier this week, said it was planning to set up an additional 1,000 slow chargers and 200 fast chargers across various states in India and to establish an additional 500 slow chargers and 100 fast chargers in Kerala.
How you can charge your electric vehicle, easily
India is running towards a new automobile revolution: the electronic vehicle. While everyone knows that EVs are much more efficient and beneficial to the environment, in this article we will be discussing some ways to charge your EV easily.
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