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Stellantis

LG Energy Solution to set up EV battery JV with Stellantis in Canada

South Korean battery giant LG Energy Solution Ltd (LGES) said on Wednesday it plans to invest 1.8 trillion won ($1.48 billion) to set up a joint venture with Stellantis NV in Windsor, Canada. In October, LGES and Stellantis NV struck an electric vehicle (EV) battery production joint venture, targeting to start production by the first […]

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The Long Road For Electric Trucks In India

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 […]

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LG Electronics Acquires AppleMango, Forays into EV Charging Business

LG Electronics announced on June 26 its foray into the EV charging solutions business by acquiring fellow South Korean EV charging firm AppleMango amid a global electrification push. About 60 per cent stake in AppleMango was bought by the Korean electronics major for an unspecified amount, with GS Energy and GS Neotek taking over 34 […]

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US Automakers Want Congress To End Tax Credit Cap On Electric Vehicles

The American electric vehicle manufacturers are devising means that could help the faster adoption of electric vehicles and seamless growth of the EV sector in the USA at a time when the European and Chinese electric vehicle markets are booming. In a fresh development, Chief Executive Officers of General Motors, Ford Motor, Stellantis and Toyota […]

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Bosch to invest €500 million to develop components for hydrogen electrolysis

Bosch has announced that it will be investing €500 million to develop components for hydrogen electrolysis by the end of this decade that will help heighten green hydrogen production that will be used in transport and different sectors. A stack is the core component of an electrolyzer. Bosch has revealed in its annual information convention […]

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Canadian Govt funds project to enhance manufacturing of electric vehicles

Prime Minister of Canada, Justin Trudeau has announced that the Canadian Federal Government will investment in project funding for Stellantis – one the leading automakers in Canada – to help the company modernize its assembly plants and heighten the production of electric vehicles in Canada. A press statement emanating from the office of the Prime […]

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Venture capital rolls in for EV battery startups

A key development in the global EV industry’s advancement last year was a striking rise in venture capital for EV battery startups, which indicates an upward graph for the trend in 2022 both within and beyond India. Globally speaking, 2021 saw EV battery startups raising over $3.6 billion through funding rounds led by big names […]

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Solid State Batteries Get A Vote of Confidence With $200 Million For Factorial Energy

Massachusetts, US based Solid State Battery maker Factorial Energy has raised $200 million as part of a Series D round of funding, led by Mercedes-Benz and Stellantis. The startup said that the money will help commercialise its solid state batteries for use in EV’s and more faster. Factorial Energy has developed a 40 Ah version of solid-state […]

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Environmentalists Dispute ‘Green’ Status of Hybrid Cars

Hybrid cars are increasingly becoming popular in the European Union as environmentally conscious drivers are moving away from conventional vehicles. However, environmentalists suggest that the hybrid vehicles might not be as green as they seem to be. The sales of these vehicles that come with a combustion engine and a small electric motor that allows […]

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