Mahindra unveils new EV manufacturing and battery assembly facility in Chakan
The new EV manufacturing and battery assembly facility is located within the company’s 2.83 km2 fully integrated, highly automated manufacturing ecosystem to produce its Electric Origin SUVs.
GFCL EV raises INR 1,000 crore to scale its battery materials capacity
GFCL EV will utilize the funds to scale its battery material capacities as it looks to capitalize on large-scale global opportunities in the electric vehicle and energy storage system space.
VinFast exploring Andhra Pradesh for second EV and battery plant in India
Pham Sanh Chau, CEO of VinFast India, recently met with N. Chandrababu Naidu, chief minister of Andhra Pradesh, and proposed an investment of INR 4,000 crore into setting up electric vehicle (EV) and battery manufacturing plants in the state.
Triton signs EV battery packs, hydrogen fuel cells deal with BEL
The India arm of USA-headquartered Triton Electric Vehicle has issued an INR 8,060 crore (around $971 million) Letter of Intent to state-owned Bharat Electronics Ltd (BEL) for the purchase of EV battery packs. It will also transfer its technology to BEL for production of hydrogen fuel cells in India.
Prime minister Narendra Modi to launch construction of Suzuki’s EV battery plant in Gujarat
Japanese carmaker Suzuki Motor is investing INR 7,300 crore (around $914 million) to set up the electric vehicle battery plant at Hansalpur in Gujarat. The plant will manufacture advanced-chemistry cell batteries.
IndianOil to produce non-lithium EV batteries
The state-run fossil fuel giant has partnered with an unnamed foreign start-up to produce electric vehicle batteries using raw materials easily available in India.
Battery maker CATL ramps up investment in German gigafab to €1.8 billion
Previously, a mere €240 million (Rs1,870 crore) was set to flow into the giga-factory. The corporation’s management reasoned new demand for its battery cells made more investment necessary.
