LG Secures $6.1 Bn Worth Orders For EV Parts In H1 2022 Updated On Wed, Jul 6th, 2022 by Saurenergy South Korean company LG Electronics has revealed securing $6.1 billion worth of new orders for electric vehicle (EV) parts and solutions. This figure is from the first half of 2022 and signifies that the company’s new growth engine is making headways. The fresh orders are believed to be for invehicle infotainment system and its telematics […] Read more
Meta Materials and Coulometrics Join Hands to Develop Next-Generation Batteries Updated On Wed, Jul 6th, 2022 by Saurenergy Canada-based smart materials developer, Meta Materials has recently announced collaboration with lithium-ion battery material development company, Coulometrics. Through this partnership, Meta Materials will independently assess its platform technologies for battery applications and make it more powerful next-generation batteries. President & CEO of Meta Materials, George Palikaras stated, “With the recent strategic acquisitions of Plasma App […] Read more
After over 90% Erosion In Value, QuantumScape Future Has Many Possibilities Updated On Wed, Jul 6th, 2022 by Saurenergy Wall Street has been ominous for most stocks in 2022, more so on smaller, unprofitable growing companies which are typically more sensitive to rising rates, inflation and supply chain challenges. The same has been the case with QuantumScape (QS) investors. QS stock is losing money and there are no product revenues. It is a special-purpose […] Read more
Grid-Scale Energy Storage Systems Are The New Evolution for Energy Sector Updated On Wed, Jul 6th, 2022 by Saurenergy In the next decade, Energy Storage Systems (ESS) is tipped to make its mark in the power industry. The most recent standalone ESS tenders from Solar Energy Corporation of India and NTPC are poised to increase capacity and augment the growth of the regional ecosystem. India’s goals for renewable energy will depend heavily on […] Read more
Kia Installs India’s Fastest EV Charger In Gurugram Updated On Wed, Jul 6th, 2022 by Saurenergy Giving a fresh fillip to the charging infrastructure in the country, auto giant Kia has said that it has installed India’s fastest electric vehicle charger at one of its official dealerships – Dhingra Kia – in Gurugram, Haryana. Kia has said that it will be installing as many as 15 such superfast electric vehicle chargers […] Read more
The Long Road For Electric Trucks In India Updated On Wed, Jul 6th, 2022 by Saurenergy The transportation sector is responsible for nearly 14% of India’s total GHG emissions. It is also the fastest-growing greenhouse gas emissions sector in India. Road transport, in particular, accounts for over 90% of transport emissions in the country. Therefore, to achieve the net-zero goals, India has to decarbonise road transport. Electrification of road transport will […] Read more
EV Batteries in 5% GST Bracket to Support Faster Adoption Updated On Tue, Jul 5th, 2022 by Saurenergy The GST rates on lithium-ion battery packs have been reduced by the government from 18 percent to 5 per cent which is the lowest tax category. A statement by the Finance Ministry held, “Electric vehicles, whether or not fitted with a battery pack, are eligible for the concessional GST rate of 5 percent.” This was […] Read more
Kinetic Green Energy And Cholamandalam Sign Pact To Finance EVs Updated On Mon, Jul 4th, 2022 by Saurenergy Pune based EV manufacturer Kinetic Green Energy on July 4 announced that the buyers can finance their EVs with Cholamandalam Investment and Finance Company, Chennai-based Murugappa Group’s financial services arm. Both the companies having entered into an agreement, under which the customers can avail themselves of getting the EVs financed by Chola. Kinetic manufactures both electric […] Read more
EVIFY Raises Rs. 80 Lakh From Angel Investors to Accelerate Its EV Operations Updated On Mon, Jul 4th, 2022 by Saurenergy EVIFY, Surat-based EV logistics startup, has acquired Rs. 80 lakh in a seed round from angel investors including We Founder Circle. This investment round’s funds will primarily be used for the company’s operational expansion, team building, and technology development. The startup has set its sights on reaching every corner of the country with green logistics […] Read more
