Stellantis evaluates building Leapmotor EVs at Mirafiori complex in Italy

Image: Stellantis

Carmaker Stellantis could build up to 150,000 low-cost electric vehicles (EVs) at the company's Mirafiori complex in Turin from 2026 or 2027, news reports say. The company is repor...

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BYD takes aim at US market, evaluating EV plant in Mexico

Image: Business Wire

Chinese battery and electric vehicle powerhouse BYD is preparing to set up an EV factory in Mexico, the head of its Mexican operations told reporters. The company has launched a fe...

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Honeywell India to focus on battery storage, GH2, open to acquisitions in energy transition says CEO

Honeywell is open to acquisitions in India's energy transition technology sector, its president for India operations, Ashish Modi, told an interview. The US company has recently re...

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Smartphone maker Xiaomi will launch five-seater EV next year

Smartphone company Xiaomi is getting into electric vehicles, according to filings released by China's Ministry of Industry and Information Technology (MIIT), which is responsible f...

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Daily Shorts: BlackRock backs Oxy's DAC project, Rivian ups EV production, and more

US electric vehicle maker Rivian Automotive raised its forecast for full-year production to 54,000 units, an increase of 2,000 units. The Amazon-backed company also said it would e...

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Lithium demand slows as EV momentum falls, but miners stay bullish

Greenbushes in Western Australia, the world's largest lithium mine. Image courtesy: IGO

Albemarle, the world's largest lithium miner and among the largest suppliers of the mineral to EV battery makers, reported lower-than-expected quarterly profit and cut its annual f...

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Daily Shorts: Portugal readies offshore wind auction, Thailand crops EV subsidy, and more

Thailand has approved a new subsidy package for the country's booming electric vehicle industry, but decreased individual subsidy amount by 33 percent, citing strong momentum in th...

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Daily Shorts: Swiss convert satellite antennas to solar plants, South Africa gets more funds to drop coal, and more

Image: Pexels

Switzerland is converting retired satellite antennas into solar power plants. The project is currently underway in the town of Leuk in the Valais canton of the landlocked country, ...

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Eye on EV Charging: Europe is a market of many players and multiple alliances

Well distributed and easy-to-access charging networks will be a vital factor for faster adoption of e-mobility. The networks need to provide fast, reliable and sustainable charging...

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Daily Shorts: Plus Power raises $1.8 bn for battery projects, Rivian CEO calms fears over fund raise, and more

Image Source: Birdwood Energy

Australian pension fund Aware Super, the country's third largest, said it would invest up to A$2 billion ($1.3 billion) in a joint venture with Birdwood Energy to finance smaller-s...

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Daily Shorts: NZ bio-graphite start-up gets funding, Norway eyes 1 GW Iberdrola RE assets and more

Image: Pexels

Norway's sovereign wealth fund is doubling a planned purchase of renewable energy assets from Iberdrola to 1 GW, according to Spanish newspaper Cinco Dias. In May, the fund had sai...

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Tata Motors prepares to take EVs global, launches new Nexon EV model for India

The new Nexon EV might go global. Image: Tata Motors

India's biggest electric vehicles maker is currently testing its EVs in some global markets and could even launch them abroad if the experiment is successful, Reuters reports. Tata...

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Daily Shorts: UK part-funds Ionic's rare earth magnet recycling plant, US small-sale solar additions hit record high, and more

Rare earths metals company LCM will be involved in the Ionic-to-Ford EV recycling chain. Image Courtesy: Less Common Metals

Ionic Rare Earths received an investment of $2 million from the UK government to set up a rare earth magnet recycling facility in Belfast. In a release, the company said it would p...

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Second Coming: India's JSW Group in talks with Chinese company for an EV foray

JSW Group is giving EVs another shot. Image: Shutterstock

JSW Group, India's $23 billion steel-to-paints conglomerate, has held early talks with China's Leapmotor to license the company's electric vehicle technology, Reuters reports, citi...

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Tata Power targeting 28,000 EV chargers by 2028

Tata Power last month launched its EZ charge card that offers seamless charging access plus payments. Image: Tata Power

Tata Power plans to set up 28,000 chargers across India by 2028, the company's head for charging networks said in an interview. Virendra Goyal, head of business development (EV Cha...

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Weekend Roundup: India calls for green funds to emerging markets, Dubai picks Masdar for 1800 MW solar capacity

Image: Pexels

The chief of India's central bank has said there was an urgent need for increasing green funds to emerging markets. Making closing remarks at a G20 finance event, Reserve Bank of I...

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Weekend Roundup: World Bank to fund 1,000 mini grids in Nigeria, Alberta pauses green approvals

The World Bank will help fund 1,000 solar-based mini grids in Nigeria along with the country's government and private sector, President Ajay Banga said. The bank has funded 150 suc...

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Daily Shorts: Mexican governor eyes EV investment from Tatas, lithium miner tests new extraction process

Image: Shutterstock

Samuel Garcia, governor of the northern Mexican state of Nuevo Leon, is meeting executives in India as part of his plans to attract EV investments in the state, Reuters reports. Te...

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Daily Shorts: Subaru ups EV sales target, VW eyes Leapmotor platform and more

Image: Subaru

Japan's Subaru announced it will target sales of 600,000 electric vehicles a year by 2030, or half the company's annual sales. The company also announced plans to invest $10.5 bill...

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Is Exxon eyeing lithium? Reports of oil company in talks with Tesla, VW and Ford to supply the metal

Is ExxonMobil getting into lithium? Bloomberg reports that the oil major is in talks with electric-vehicle maker Tesla and conventional carmakers such as Volkswagen, Ford and other...

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Daily Shorts: Swiss town gets 100% RE capacity, Germany’s getting an 800 MW hydrogen power plant and more

RWE's hydrogen plant will use Ansaldo Energia’s GT36 turbine to generate power. Image: Ansaldo Energia

Switzerland has installed six wind turbines in the town of Sainte-Croix along its French border, giving it enough capacity to meet the town's energy needs through renewable sources...

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Daily Shorts: Ford pivots to hybrids, First Solar announces $1.1 bn factory in US and more

Ford is pivoting to hybrids. CEO Jim Farley outlined a strategy under which the company will slow down its shift to electric vehicles and focus more on selling hybrids which run on...

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Daily Shorts: China's Farizon raises $600 million, Musk says Tesla could deploy robots next year and more

Farizon, an electric and hybrid truck manufacturer owned by China's Geely, announced it had raised $600 million from investors led by Boyu Capital and Yuexiu Industrial Fund. The c...

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Nissan to put $725 million into Ampere EV as part of plans to rebalance alliance with Renault

Renault's EV models such as the Megane E-Tech electric could fall under the Ampere subsidiary. Image: Renault

Nissan Motor will invest around $725 million in Ampere, the new electric vehicle unit of French automaker Renault, as part of the group's plans to overhaul their alliance, Japanese...

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Another US EV company in trouble: Faraday Future to restate accounts

Faraday Future said the accounting errors would not affect deliveries of its FF 91 2.0 car. Image: FFIE

Faraday Future Intelligent Electric, a US electric vehicle developer, appointed a new financial chief and said it would restate financial statements for 2022 and the quarter ended ...

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Renault Chairman warns of 'Chinese storm' in EVs

Reducing Europe’s dependence on China for raw materials will require billions of euros in investment to build new supply chains, Senard says. Source: PR Newswire

Europe's electric vehicle sector faces a "Chinese storm", Jean-Dominique Senard, Chairman of French automaker Renault, said in an interview, referring to the Middle Kingdom's domin...

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E2W sales slump worse than expected, coming quarter decisive

Electric 2-wheeler (E2W) sales for June came as an unexpected shock, even though everyone was watching with trepidation to see how the price sensitive E2W consumer would react to t...

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Lamborghini buyers can only book hybrids from now on

Lamborghini unveiled its first hybrid model, the Revuelto, in March this year. Image: Lamborghini

Lamborghini buyers can no longer buyer the conventional, internal combustion models, because those are completely sold out, the company's CEO told the German newspaper Die Welt. "O...

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BYD to spend $620 mn for three-plant complex in Brazil

BYD says one of the three plants will be dedicated to electric trucks. Image: BYD

China's BYD will spend $620 million to set up a new, three-complex in the Camacari industrial park in northeastern Brazil, the company announced. BYD's announcement comes on the ba...

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Amazon inducts custom-built EVs into European fleet

Amazon's electric van, custom built for Europe, is smaller and slimmer than its US version so drivers can steer better on Europe's narrower, winding streets. Image: BusinessWire

Retail giant Amazon has started adding its custom-built electric vehicles to its European delivery fleet, the company announced on Tuesday. In a statement, Amazon said it would add...

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