Kinetic Engineering To Establish a $250 Million Electric Vehicle Subsidiary Updated On Thu, Aug 18th, 2022 by Saurenergy Kinetic Engineering (KEL), the Kinetic Group’s flagship company, has announced the formation of a subsidiary company focused on the electric vehicle (EV) segment. The subsidiary will have an authorized capital of up to $250 million, and the company will own more than 51% of it. KEL would use its strong technical knowledge and vast manufacturing […] Read more
Ather Energy Rolls Out Ather 450X Scooter Updated On Wed, Jul 20th, 2022 by Saurenergy Electric vehicle major Ather Energy recently rolled out the new avatar of its flagship scooter Ather 450x with a bigger battery, new tyres, software changes at Rs 155,657 ex-showroom in Bengaluru. The flagship model has contributed to about 80% of sales of the company promising even more with bigger battery which will run to real-life […] Read more
IESA, FBICRC To Cooperate For Battery Supply Chain In India Updated On Wed, Jul 20th, 2022 by Saurenergy India Energy Storage Alliance (IESA) has announced the signing of a Memorandum of Understanding (MoU) with Australia-based Future Battery Industries Cooperative Research Centre (FBICRC). The pact will focus on critical minerals and supply chain for advanced battery manufacturing in India. The two entities will cater to supply chain development and integration and Australian and India […] Read more
IEA Calls For Innovation To Bridge Gap Between Demand & Supply Of Metals For EV Batteries Updated On Tue, Jul 12th, 2022 by Saurenergy The autonomous intergovernmental organisation that shapes policies related to energy for countries, International Energy Agency (IEA) has published a 68-page report “Global Supply Chains of EV Batteries“. The report states that innovation alone can help bridge the fast increasing gap between demand and supply of critically important metals for EV batteries. The supply of critical […] Read more
First Batch Of Hero Electric E-Scooters Rolls Out From Mahindra Stable At Pithampur, Madhya Pradesh Updated On Tue, Jul 5th, 2022 by Saurenergy Automobile major Hero Electric made an announcement on July 4 that its strategic partnership with Mahindra group has finally taken the shape of e-scooters. The first batch will be rolled out from the stable of Mahindra Group in Pithampur in Madhya Pradesh. Both the companies had entered into a five-year partnership to cater to the […] 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
UK Govt To End Electric Vehicle Subsidy As Demand Rises Updated On Fri, Jun 17th, 2022 by Saurenergy The remaining subsidies on the electric cars for the buyers in the United Kingdom are coming to a closure after a reasonable run. The UK government is mulling to do away the benefits of £300 million to purchasers as the demand for electric vehicles is rising. The government says that the funds will then be […] Read more
Nunam Will Deploy The Used Batteries of Audi In E-Rickshaw Updated On Fri, Jun 17th, 2022 by Saurenergy Indo-German startup Nunam has found a way to recycle and use the used batteries of luxury car Audi. A press release by the startup on June 15 claimed that the recycled batteries of Audi will be used as a pilot project in the e-rickshaws already mainstreaming the commuting system for the office goers particularly across […] Read more
Ireland Counts On Battery Storage For Energy Transition Updated On Fri, May 27th, 2022 by Saurenergy Ireland is going to capitalise on its expertise in operating an isolated grid by developing new battery technology. Minister for Climate and Energy Eamon Ryan has been quoted as saying, “Energy storage using a range of battery technologies will be a core part of Ireland’s new industrial revolution, while playing a key role in balancing […] Read more
