India has no restrictions on the import of electric vehicles from any country, including China, under a new EV policy, a senior government official told a TV channel on Tuesday. Last month, the Indian government approved the new EV policy, under which import duty concessions will be given to companies setting up manufacturing units in […]
Day: April 3, 2024
China Xiaomi’s market value soars by up to $7.6 bln on EV launch
Shares of China’s Xiaomi surged as much as 16% on Tuesday as the electronics maker’s sporty electric vehicle launched last week drew strong interest, though a brokerage forecast the firm would lose nearly $10,000 per car this year. Xiaomi added about $7.6 billion to its market value as its shares touched their highest since January […]
Not an April Fools joke: Bhavish Aggarwal teases Ola Solo, world’s first self-driven electric scooter
Ola Electric’s founder and chief executive officer, Bhavish Aggarwal, has revealed the company’s new electric scooter. Named Ola Solo, it is touted to be the world’s first autonomous electric scooter.
Komaki Cat 2.0 NXT electric moped launched at Rs 99,500
Electric vehicle startup Komaki has introduced the Cat 2.0 NXT electric moped priced at Rs 99,500 (ex-showroom). The company aims to attract last-mile delivery operators with this model. To promote its launch, Komaki has initiated a cashback offer of Rs 5,000 valid until April 30. The Cat 2.0 NXT runs on a 42 Ah LiPO4 […]
India EV policy to help global car companies expedite investment decisions: Skoda senior executive
Mumbai: India’s recently announced electric vehicle policy will help global carmakers expedite decisions on investing in manufacturing EVs in the country besides allowing brands gauge customer response to premium EV models in a value conscious market, said a senior executive at the local arm of Czech carmaker Skoda Auto. Speaking to ET, Petr Janeba, brand […]
China’s Xiaomi receives over 100,000 orders, begins deliveries of its first EV
Beijing: Chinese smartphone maker Xiaomi on Thursday said it has received more than 100,000 orders for its first electric vehicle, the SU7, as it began deliveries. The first deliveries come from the first batch of 5,000 cars that the company has already produced.
Your new EV could do with a shot of caffeine. And AI
Scientists and investors have poured billions of dollars into researching alternative technologies in a bid to eliminate combustion engines and reduce greenhouse gases. Storing this energy remains the single biggest cost of making an electric vehicle, necessitating unusual approaches to materials development. Standard lithium-ion batteries currently dominate because they use a stable, well-known technology with […]
India added 21 GW solar module, 3 GW cell manufacturing capacity in 2023: Mercom
New Delhi: India installed 20.8 GW of solar modules and 3.2 GW of cell manufacturing capacity in 2023, according to Mercom Capital. The country’s cumulative solar module manufacturing capacity reached 64.5 GW, and solar cell manufacturing capacity 5.8 GW as of December 2023, the US-based research firm said in its latest report, State of Solar […]
Haldia Petchem plans $10 billion oil-to-chemical project in south India
The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL’s chief executive said. The private equity firm plans to build the oil-to-chemical project, capable of producing 3.5 million metric tons […]
Power ministry prepares for the summer
NEW DELHI: The power ministry has worked out a multi-pronged approach to prepare for the summer, including extending the mandate for imported coal-based units to run at full capacity till September and exploring the possibility of using surplus power from captive plants, according to a statement released Tuesday. The current direction for plants to run […]
India continues to rely heavily on coal to meet projected 260 GW peak demand in summer
New Delhi: India will continue to rely heavily on electricity generated using coal during the ensuing summer season when peak demand is projected to cross 260 gigawatts (GW) on likely intense heat conditions in parts of the country, a power ministry official said on Tuesday. While renewable capacities continue to be added, authorities are building […]