NISSAN EV INVESTMENT UK
Ola working on solid-state batteries, okay with govt tapering off EV subsidies
Ola Electric, led by Bhavish Aggarwal, revolutionizes electric vehicle batteries with cutting-edge technology. Partnering with Beijing Welion New Energy, they achieve a 1000 km range with innovative battery-swapping services. The industry anticipates electric aircraft powered by these advancements, cementing Ola Electric as a pioneering force in the EV sector.
Revving up: Fuelled by PLI, Indian automakers eye global EV space, targeting Europe & other developed markets
Indian auto manufacturers are seizing the export opportunity in the electric vehicle (EV) market, driven by increasing demand for cleaner mobility in developed countries and government support. Companies like Maruti Suzuki and Hero MotoCorp are gearing up to export their EV models to Europe, leveraging India's frugal manufacturing capabilities. With India's production-linked incentive scheme and alignment with global standards, automakers aim to challenge Chinese dominance in the EV sector and establish India as an EV export hub.
BII bullish on Indian EV ecosystem, expects to invest USD 300 mn in 3 yrs: MD Abhinav Sinha
Abhinav Sinha of British International Investment envisions India surpassing China in EV adoption by 2030, ahead of Europe and the US, driven by government support and cost considerations, emphasizing the country's potential for significant growth in electric transportation.
U.S. electric vehicle maker Fisker files for bankruptcy
The bankruptcy filing by U.S. electric vehicle maker Fisker comes after failed deal talks with a major automaker, resulting in the company facing the consequences of a rapid cash burn to deliver its 'Ocean' SUVs in the U.S. and Europe. Fisker Group Inc, a subsidiary of the company, sought Chapter 11 bankruptcy protection, citing estimated assets between $500 million to $1 billion and liabilities ranging from $100 million to $500 million.
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 years
Hyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The company plans to introduce nearly half a dozen electric vehicles for local sales and exports as part of this ambitious strategy.
How China's EV makers aim to beat Tesla, legacy automakers in Europe
Chinese EV titans BYD, Chery and Great Wall Motor (GWM) are preparing a fusillade of product launches - about 20 over the next five years - and spending heavily on sales and marketing in their most important export market.
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Investments made in creating plant and machinery to qualify for sops under new EV policy
SMEC is aimed at incentivising investments in setting up electric vehicle (EV) manufacturing capacity by lowering import duties on a select number of cars. Under the new EV policy, announced in March 2024, beneficiaries need to invest $ 500 million for setting up electric car manufacturing facilities. They also need to comply with up to 50% minimum domestic value addition commitment.
Unconventional market signals: Unveiling special opportunities in investing for superior returns
By embracing a more nuanced approach to investing and staying vigilant for special situations, retail investors can position themselves to capitalize on opportunities that often get overlooked. By understanding and capitalizing on special opportunities such as demergers or spinoffs, holding company discounts, and promoter buying, investors can generate superior returns as these strategies have a positive historical track record.
M&M's Rs 12,000 crore electric plan has charged up Dalal Street
Mahindra & Mahindra's stocks surged on the back of surpassing estimates, unveiling ambitious electric vehicle plans, and a prospective target price upgrade. The company greenlit a hefty Rs 12,000 crore investment into its electric division over three years. It's advancing with producing its Born Electric lineup, aiming to launch six battery-powered SUVs by early 2027.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Why BYD's EV exports sell for twice the China price
BYD strategically hikes export prices to maximize profit margins, significantly exceeding domestic prices. This approach aims to offset domestic price wars and boost profitability amid fierce competition in the global EV market.
UPS, FedEx transition to electric vans slowed by battery shortages, low supply
UPS has tested and purchased EVs for decades and is a bellwether for demand. It has more than 150,000 delivery vehicles around the globe and is among the top buyers of step vans.
Tesla advisor joins India’s first consultative meeting on new EV policy
According to multiple people who were part of the meeting, the representative from The Asia Group did not make any comments during the consultative meeting and maintained he was there as ‘an observer’. The meeting comes days ahead of Tesla chief Elon Musk’s visit to India.
Nissan says it will make next-generation EV batteries by 2028
Solid-state batteries, which replace the corrosive liquids found in conventional batteries with solid metals, are widely seen as the next step for EVs, and leading automakers are racing to develop versions that can be mass produced. Rivals like Volkswagen and Toyota have also announced efforts to produce solid-state EVs, with Toyota setting a date of 2027-28 to begin bringing them to market.
Nissan will invest in Renault's Ampere in pursuit of global EV roadmap: CEO
Nissan, in December, had confirmed it would invest 600 million euros ($650 million) in Renault's EV business Ampere, listing plans for which the French car-maker ditched earlier this year because of sluggish stock market conditions.
Nissan considering partnership with Honda on EVs - sources
Nissan explores Honda partnership on EV parts and "kei cars", sharing architecture with Renault. Investment in Renault's Ampere. Renault forges new alliances with companies like Geely.
Volvo invests in, taps Breathe Battery tech for 30% faster EV charging
Volvo Cars invests in Breathe Battery Technologies to reduce charging time by 30% in its EVs. Breathe's software ensures full power charging without altering battery chemistry, addressing a major challenge for automakers. Breathe's software provides visibility on individual cells, extending battery life.
New-gen Dacia Spring EV launching globally on Feb 21. Could come to India as Kwid EV
Dacia will launch the new version of Spring EV on February 21. The France-based automaker plans to introduce a Made in India EV by 2027. The new Spring EV is expected to come to India as the Kwid EV. Other upcoming electric cars in India include Maruti Suzuki eVX, Tata Curvv, Skoda Enyaq, Kia EV9, and Mahindra XUV e8.
Duty rebate on Scotch Whisky, EVs likely to be taken up with UK in Jan
India and the UK are set to discuss duty concessions on Scotch whisky and electric vehicles, as well as the mobility of skilled workers. India is also considering a longer transition period and tax restoration for exporters. Despite these issues, New Delhi is hopeful of closing three trade pacts with the UK, Oman, and the European Free Trade Association (EFTA) early next year.
India-UK FTA: Scotch whiskey, EV, services issues may figure in 14th round of talks in Jan
The upcoming round of FTA talks between India and the UK in January will address important issues such as duty concessions on scotch whisky and electric vehicles, as well as matters concerning the services sector. According to an official, significant progress has been made in resolving issues related to rules of origin and intellectual property rights. However, differences remain regarding customs duty concessions on scotch whisky and EVs, as well as liberalization of norms in sectors like banking, insurance, and legal services.
India aims to attract investors from Germany, UK and Korea under new EV policy: Official
India's commerce minister had said in September that the country would come up with new policy to attract electric vehicle manufacturers and encourage greater investment in the sector.
Nissan ramps up EV plans in UK with $1.4-billion investment
Nissan said its plans for electric versions of the Qashqai and Juke, produced in Sunderland, northeast England, would require a total investment of up to 2 billion pounds, including a third battery plant in Britain and infrastructure projects that partners would help to finance.
Nissan will invest over $1 billion to make EV versions of its best-selling cars in the UK
Nissan is investing over $1.3 billion to upgrade its factory in Sunderland, England, to produce electric versions of its Qashqai and Juke crossover vehicles. The investment will enable wider investment in infrastructure projects and the supply chain, including a new gigafactory. The UK's automotive industry contributes 71 billion pounds a year to the economy.
Ashok Leyland open to external investment for its EV subsidiary
"We are very keen on getting external investments also, but we want to make sure that we have the right strategic partner with us. I mean, we do it at the right valuation. So right now, the focus is to get Switch into a very, very strong mode by developing products, by maturing our technology on both the bus side and the LCV side," Agarwal said.
UK seeks customs duty concessions on EVs in FTA with India
The fast-growing EV market in India is catching the eyes of global players. The UK is also looking at phasing out ICE (internal combustion engine) vehicles by 2035, and the British auto market is export-driven.
Automakers' drive to avoid China's EV rare earth dominance gathers speed
Automakers have mostly relied on motors with rare earth-based permanent magnets, which have been the most efficient at providing the torque to power EVs.
Vietnam's Vinfast committed to selling EVs to US despite challenges, intense competition
Worldwide, Vinfast sold just 19,562 EVs from April-September, well below its 2023 target of 50,000. But Vinfast is committed to riding the wave of countries trying to switch to EVs to cut emissions, Thuy said while speaking with The Associated Press at Vinfast's sleek headquarters in Hanoi.
Nissan boss says 'no going back' on EV vehicles
The head of Nissan on Monday said the company had no reverse gear for electric, despite the UK government rowing back on one of its flagship policies. British car manufacturing lobby group the SMMT last week said the UK government postponement had caused "confusion and uncertainty" in the sector.
Tata seeks partnerships for UK battery plant to supply Jaguar Land Rover EVs
“If you look at the startups that are working in this space, they are at the forefront of technology,” Tata Motors Group Chief Financial Officer P.B. Balaji said in an interview in Mumbai. “It’s a melange of opportunities. We are speaking to a host of them,” he said.
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