evvahan

31/03/2025

Samsung SDI has started production of 46-series cylindrical batteries and shipped its first 4695 modules from its Vietnam subsidiary to a US micro-mobility customer, according to a press release from the Korean battery manufacturer. Samsung SDI produces the 4695 cells at its Cheonan plant and assembles them into modules in Vietnam. The 46-series lineup includes four sizes: 4680, 4695, 46100 and 46120, the release said....

31/03/2025

Kia India must invest ₹1,400 crore (US$16.38m) in FY26 to stay eligible for the ₹25,938 crore (US$303.5m) production-linked incentive (PLI) scheme for advanced automotive technologies, according to a senior government official cited in the Financial Express report. The Ministry of Heavy Industries may grant Kia a one-year extension after it missed targets in FY24 and FY25. Failure to comply in FY26 would result in disqualification, the report said....

30/03/2025

UK-based LOBO EV Technologies, a smart electric mobility firm, has signed a supply agreement with a Ukraine-based commercial buyer on 1 March 2025, according to a 27 March press release from LOBO EV. LOBO will deliver 5,500 vehicles, including 4,000 electric bicycles and 1,500 three-wheeled EVs (Model: XIAODOU), the release said. The US$1.58m deal forms part of LOBO’s Eastern Europe expansion strategy. Source: LOBO EV

30/03/2025

Netherlands-based asset finance firm DLL has partnered with Switzerland-based IRU, the global road transport organisation, to support the shift to low-emission vehicle fleets, according to a 28 March press release from IRU. The partnership combines DLL’s vehicle and infrastructure financing with IRU’s transport industry network and market data, the release said. DLL will use IRU intelligence on vehicle adoption, incentives, and…...

30/03/2025

Germany-based LION Smart, a battery pack manufacturer and subsidiary of Switzerland’s LION E-Mobility, has formed a development partnership with hofer powertrain, a drivetrain systems company headquartered in Germany, according to a 27 March press release from LION Smart. The companies aim to industrialise immersion-cooled battery systems and speed up the launch of small production runs, the release said. hofer powertrain will provide design, validation and customer-specific integration services. LION Smart will contribute its modular battery platforms and cooling technology, the report added. Source: LION Smart

29/03/2025

China-based electric vehicle maker BYD has planned a US$10bn investment to set up a manufacturing facility in Hyderabad, India, according to a 20 March report by The Philox. The company has been scouting land in Telangana and may finalise a 500-acre site for the project, the report said. The proposed plant would produce 600,000 EVs annually by 2032 and include a 20 GWh battery unit, the report noted....

29/03/2025

Belgium-based battery materials producer Umicore has signed mid-to-long-term supply agreements for precursor cathode active materials (pCAM) with CNGR, a Chinese battery materials company, and Eco&Dream (E&D), a South Korea-based pCAM supplier, according to a 27 March press release from Umicore. Umicore will use the materials for EV battery contracts in North America and Asia. CNGR’s JV COBCO with Morocco-based AL MADA has commissioned pCAM lines in Jorf Lasfar, with Umicore set to begin contracting volumes in 2026, the release said....

29/03/2025

Ecofy Finance, a green-focused NBFC based in India, has secured a US$12.5m long-term loan from Denmark’s state-owned development finance institution, the Investment Fund for Developing Countries (IFU), according to a 25 March press release from Ecofy. The company plans to finance over 1 million EVs and 1.5GW of rooftop solar in the next 6–7 years. IFU has structured the deal as long-term debt under the India–Denmark Green Strategic Partnership, the release said. Ecofy provides climate finance to individuals and SMEs in the electric vehicle and rooftop solar sectors. Axis Bank advised Ecofy on the deal. Source: Ecofy

29/03/2025

Multilateral lender Asian Development Bank (ADB) has signed a US$150m loan deal with India-based Shriram Finance to fund micro, small and medium-sized enterprises (MSMEs), electric vehicles, and low-emission commercial vehicles, according to a 24 March press release from ADB. The agreement forms part of a US$306m package led by ADB, with co-financing from Japan International Cooperation Agency and Export-Import Bank of India, the release said. Shriram Finance focuses on commercial vehicle and MSME lending across India. Source: ADB

31/10/2024

Netherlands, 31 October 2024: The collaboration between Stellantis and Factorial Inc marks a significant advancement in electric vehicle (EV) technology, aiming to reshape the EV industry with innovative solid-state batteries. In a move that builds upon Stellantis’ USD 75m investment in Factorial in 2021, the companies plan to introduce these cutting-edge batteries in a fleet of Dodge Charger Daytona EVs by 2026....

Stellantis and Factorial's partnership accelerates the future of electric vehicles with solid-state batteries, enhancing performance, cost efficiency, and sustainability.

27/10/2024

New Delhi, 27 October 2024: India's government is set to release an Approved List of Models and Manufacturers (ALMM) for solar photovoltaic (PV) cells, mirroring the existing list for solar modules. This initiative aims to support India's transition toward green energy, with the new list (List II) for PV cells planned to take effect from April 1, 2026. By reinforcing…...

Discover how India's new ALMM for solar PV cells aims to boost domestic manufacturing, self-reliance, and green energy goals by 2026.

23/10/2024

North America, 23 October 2024 : Hyzon Motors, U.S.-based hydrogen fuel cell manufacturer, has made significant strides by securing North America's first purchase agreement for hydrogen-powered refuse trucks. The agreement, with waste management pioneer GreenWaste, marks a significant shift in the waste industry towards sustainability. The deal involves 12 Fuel Cell Electric Vehicles (FCEVs) contingent on meeting specific terms, setting the stage for a new era of environmentally friendly refuse collection. ...

Hyzon and GreenWaste partner to introduce North America’s first hydrogen-powered refuse trucks, leading the waste industry’s push towards zero-emission solutions.