Category: Markets

Indian Lithium Plant Plan Advances as EV Market Boom Looms

Posted: May 5, 2020

Plans for India’s first lithium refinery are forging ahead after Neometals Ltd. and Manikaran Power Ltd approved a feasibility study for a project that aims to supply a nation set to become the fourth-largest electric-vehicle market by 2040. READ MORE...

BYD sets out European EV expansion strategy (Norway identified for introduction of 520km BYD Tang SUV)

Posted: May 4, 2020

BYD Europe has announced its strategy to embark upon the trial introduction of passenger cars in Europe, alongside longer-term plans to bring new BYD LCV and eTruck ranges to the European market. Source: Automotive World READ MORE...

Argosy Minerals acquires Tonopah lithium project in the US

Posted: August 14, 2019

Australian lithium miner Argosy Minerals has entered into an agreement to acquire tenements comprising the Tonopah Lithium Project in Nevada, US. According the agreement, the lithium miner will pay initially AUD50, 000 (USD33876.5) and will offer another AUD500, 000 (USD340, 000) upon achieving certain production milestones. READ MORE...

Primearth Energy plans to establish a fourth battery factory in China

Posted: August 14, 2019

Primearth EV Energy, a subsidiary of Toyota, has planned to set up a fourth battery factory in China. Later on the completion of the plant in 2021, the manufacturer will produce NiMH batteries for Toyota hybrid cars with an annual capacity of 100,000 batteries. READ MORE...

Korean EV battery makers set to face competition in Europe in 2025: KITA

Posted: August 14, 2019

The Korea International Trade Association (KITA) has said that the South Korean battery manufacturers might face competition in Europe once European companies complete their investments and start mass producing their own EV batteries. It is also expected that by 2025 EV sales will reach 4m units in the continent. READ MORE...

Battery startup Group14 Technologies raises USD14.3m to make materials for electric cars

Posted: August 14, 2019

US-startup Group 14 Technologies has raised USD14.3m to create materials for silicon-carbon anodes which store lithium in a charged battery. According to the company, silicon anodes improve the charge of new car batteries by approximately 40% in comparison with graphite anodes. READ MORE...

NEVS begins to produce pure electric vehicle at Tianjin plant

Posted: July 2, 2019

National Electric Vehicle Sweden has started the production of a pure electric sedan based on its traditional Saab 9-3 platform at its Chinese plant in Tianjin. The plant has the capacity to develop 50000 EVs annually. READ MORE...

Hyundai to Invest USD2.8b in Car, Electric Vehicle Plant in Indonesia

Posted: July 2, 2019

Hyundai Motors will invest Rp40tr (USD2.8bn) in Indonesia as part of the automaker’s strategy to make the country a car export hubs and manufacture electric vehicles. Airlangga Hartarto, industry minister has said that the automaker will commence manufacturing in 2021 with a target to produce between 70000 and 250000 vehicles annually which include sport utility vehicles, multipurpose […] READ MORE...

NITI Aayog plans to invest in establishing EV Infrastructure

Posted: July 2, 2019

NITI Aayog, Indian government’s think-tank has said that the Ministry of Heavy Industry will offer incentives for electric vehicle infrastructure. The government has also said that the EV industry is required invest in building 50GWh to 60GWh of battery capacity by 2025. READ MORE...

EU proposes to integrate AVAS in electric vehicles to emit noise for pedestrian safety

Posted: July 2, 2019

The EU has proposed to equip an acoustic vehicle alert system (AVAS) in electric vehicles to enable avoid pedestrian accidents. As per the rule, the AVAS automatically will activate at speeds of less than 12mph and sounds like a traditional engine. READ MORE...

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