NISSAN EV PLANS
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.
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.
Automakers hope for a cut as two-way EV charging becomes real
Automakers and utilities are gearing up for V2G technology, enabling EV owners to sell power back to grids. Major players like GM, Ford, Volkswagen, and Nuvve are actively involved in this evolving landscape of bidirectional charging.
Honda to launch next-generation EVs in China by 2027
Japan's second-biggest car maker has lagged behind European and U.S. competitors such as General Motors and Volkswagen in ramping up EV sales.
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.
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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.
Chinese EV makers challenging market leaders at auto show in Bangkok
Chinese EV makers shine at Bangkok Motor Show with BYD leading sales. Thailand's growing EV market attracts global brands like Tesla and XPeng, with plans for EV assembly and expansion into Southeast Asia.
Nissan to launch 16 EVs in next three years globally, plans to make India a hub for exports
Nissan to introduce three new models in India for exports by 2026. 'The Arc' plan drives competitiveness. Strategic partnerships with Renault and Mitsubishi Motors for global offerings. Manufacturing at Renault Nissan Automotive India Pvt Ltd with 4.8 lakh units annual capacity.
Nissan targets 1 million car sales growth over next three years
Nissan Motor unveiled plan to launch 30 new models by March 2027, targeting 1 million increase in global sales. Nissan is focussing on cost-cutting for profitability, aiming for 6% operating profit margin and 30% shareholder returns.
China is charging ahead with EVs. Why is the world worried?
Concerns over China's EV dominance in Western markets are rising, with Chinese automakers like BYD offering cheap electric vehicles that undercut Western prices, leading to fears of a future market takeover. The threat of Chinese EVs has prompted global automakers to join forces and consider manufacturing partnerships to stay competitive.
What are EV startups doing to ride out weak demand?
US electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles.
Nissan may bring ultra-compact EV production in-house from 2028, sources say
Bringing production in-house would allow Nissan - an EV pioneer with its Leaf compact car - to boost its profit margin which is below that of domestic peers Toyota Motor and Honda Motor.
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.
Top 5 car launches over Rs 40 lakh in 2024
Top 5 car launches over Rs 40 lakh: ET Wealth and Cardekho.com are here to help you with your car buying decision with the line-up of the most-awaited launches in 2024.
In EV catch-up race, legacy automakers hitch a lift with Formula E
Formula E has struggled to win over many motorsports enthusiasts, with Formula One still attracting significantly bigger audiences because electric cars lack the sustained power and noise of the internal combustion engine. But legacy automakers with electric teams say the race to maximize or regenerate power - Formula E cars start each race with only 60% of the battery capacity they need and have to generate the rest through braking - helps them develop more efficient motors and invertors, and software to enhance performance and range.
Solid state: EV giants chase 'holy grail' of batteries
Toyota, the world's biggest automaker, said in June it had achieved a breakthrough in solid-state technology that addressed durability problems. It said it planned commercialisation in 2027-2028 of a battery with a range of 1,000 km and a charging time of 10 minutes.
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.
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.
A second life for EV batteries? Depends how long the first is
The increasingly common idea of "second-life" energy storage using old electric vehicle batteries is running up against headwinds as a lack of old EV batteries show no sign of easing, according to experts. While an array of start-ups do offer this as a form of energy storage, companies will have to compete with recyclers, refurbishers and the needs of drivers battling the cost-of-living crisis. This situation is exacerbated by competition from souped-up alternatives that push prices up to $235 per kilowatt hour compared to around half that rate for new batteries.
EV maker Rivian to adopt Tesla's charging standard
Electric vehicle maker Rivian said it has agreed to adopt Tesla's charging standard, giving customers access to the biggest U.S. charging network and adding momentum to Tesla's bid to set the industry standard.
Renault will launch an EV in 2025: Country CEO & Managing Director, Renault India Operations
Renault has achieved a production milestone of one million vehicles in India, which is attributed to the carmaker's manufacturing plant in Chennai. The facility has an annual production capacity of 480,000 units, and Renault has made notable investments in infrastructure, technology, and talent to achieve this feat. Renault has also revealed plans to launch an electric vehicle and two more cars in India by 2025.
EVs offer foreign auto companies a second chance in India
High taxes, price-conscious consumers and tricky logistical issues have made it tough for many foreign carmakers to thrive in one of Asia's biggest economies. But with the advent of EVs, firms like MG Motor, the local unit of China's SAIC Motor, Renault, Nissan and Volkswagen may finally gain a better foothold.
In India reboot, Renault to drive investments towards SUVs & EVs
Renault, along with alliance partner Nissan Motor of Japan, had recently announced fresh investments of $600 million in the Indian market as part of their business transformation programme. They plan to launch half a dozen models between them, starting mid-decade, as part of this. These include one electric vehicle for each brand.
Nissan raises global EV targets; to increase U.S. localisation
Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - make up over 55% of global sales by fiscal 2030, from a previous goal of 50%, it said. The automaker plans 27 new electrified vehicles by that year, 19 of which will be all-battery EVs, it said in a statement. That compared with its previous plan of 23 electrified vehicles including 15 all-battery EVs.
Nissan, Renault to invest $600 million to make new models in India
The six models, with each automaker making three, will be built on joint platforms and will also be exported, they said. The new models will consist of two electric vehicles, the first EVs to be rolled out by the automakers in India, and four sports utility vehicles (SUVs).
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