Only 30-40% of EV Supply Chain Localized: ICRA Updated On Thu, Feb 20th, 2025 by Saurenergy Investment Information and Credit Rating Agency, ICRA found that at present, only 30-40% of the EV supply chain is localized. There has been substantial localization in traction motors, control units, and battery management systems over the years, while battery cells, which constitute 35-40% of a vehicle’s cost, are still entirely imported. The relatively low localization […] Read more
Denver’s Iontra Raises $38 Million Series B to Commercialise Battery Charging Platform Updated On Thu, Sep 15th, 2022 by Saurenergy Denver-based battery performance and safety technology company, Iontra, has announced the closing of its $38 million Series B financing-led by Volta Energy Technologies, with participation from Flag Group and other investors. Iontra said that it has been in stealth mode for nearly a decade and has partnered with various OEMs to commercialize its technology that […] Read more
Ather Energy Calls Battery Explosion In Its EV A Rare Structural Breach Updated On Tue, May 31st, 2022 by Saurenergy Ather Energy has come up with a statement regarding the fire incident that broke out in an electric scooter at one of its centres in Chennai, Tamil Nadu recently where some property and e-scooters got affected. Ather Energy has stated that a ‘rare’ structural breach is ‘extremely rare’ phenomenon. The electric scooter maker said that […] Read more
Norwegian Mfr FREYR Bags Off-take Deal to Deliver 31GWh Battery Cells in 5 Yrs Updated On Mon, Dec 20th, 2021 by Saurenergy Norwegian clean energy storage developer FREYR Battery has executed its inaugural off-take agreement for at least 31 GWh of low-carbon battery cells with an undisclosed manufacturer and provider of energy storage systems (ESS), said an official statement recently. The two companies have agreed to jointly develop innovative technology solutions for the fast-growing global ESS market […] Read more
EU can be Self Sufficient in EV Battery Cells by 2025: VP Šefčovič Updated On Wed, Nov 25th, 2020 by Saurenergy Maroš Šefčovič, VP of the European Commission has claimed that he expects that by 2025, the EU will be able to produce enough battery cells to meet the needs of the European automotive industry Europe now a global hotspot for #battery investment, showing we can achieve open strategic autonomy. In large part thanks to the #EUBatteryAlliance. […] Read more
GM and LG Chem to Mass Produce Battery Cells for Future EVs Updated On Fri, Dec 6th, 2019 by Saurenergy GM and LG Chem form JV to mass-produce battery cells for future battery EVs General Motors (GM) and LG Chem have announced that the companies have come into an agreement to mass-produce battery cells for future battery electric vehicles (EVs). Together, the companies will invest up to a total of USD 2.3 billion through a […] Read more
