Tesla settles one lawsuit, kickstarts another

Tesla's directors have agreed to return $735 million in compensation, agreed not to receive any pay for 2021, 2022 and 2023, and to change the way board compensation is decided. Image: Tesla

Tesla resolved a dispute over director pay on Monday, according to court filings made in the US state of Delaware. The company's directors said they will return $735 million to clo...

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Daily Shorts: US offers India cheap capital for clean energy, European solar output jumps on heatwave, and more

India and the US agreed to work together on climate goals and energy transition. US Treasury Secretary Janet Yellen met India's Finance Minister Nirmala Sitharaman and announced pl...

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Weekend roundup: Tesla unveils Cybertruck, US launches $20 bn in cleantech grants, and more

Tesla built its first Cybertruck, an EV pickup model it showcased four years ago (where an engineer cracked its so-called 'armor' glass). The vehicle gives Tesla entry into one of ...

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Another US EV company in trouble: Faraday Future to restate accounts

Faraday Future said the accounting errors would not affect deliveries of its FF 91 2.0 car. Image: FFIE

Faraday Future Intelligent Electric, a US electric vehicle developer, appointed a new financial chief and said it would restate financial statements for 2022 and the quarter ended ...

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Renault Chairman warns of 'Chinese storm' in EVs

Reducing Europe’s dependence on China for raw materials will require billions of euros in investment to build new supply chains, Senard says. Source: PR Newswire

Europe's electric vehicle sector faces a "Chinese storm", Jean-Dominique Senard, Chairman of French automaker Renault, said in an interview, referring to the Middle Kingdom's domin...

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Canada's sweeteners out: C$15 bn for Stellantis-LG Energy battery plant

Mark Stewart, Chief Operating Officer for Stellantis for North America (left), with Dong-Myung Kim, President of LG Energy's Advanced Automotive Battery Division. Image: LGES

A day after Stellantis-LG Energy Solution announced they would resume construction of their battery plant in Canada, the increased incentives awarded for the project became known. ...

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E2W sales slump worse than expected, coming quarter decisive

Electric 2-wheeler (E2W) sales for June came as an unexpected shock, even though everyone was watching with trepidation to see how the price sensitive E2W consumer would react to t...

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Lamborghini buyers can only book hybrids from now on

Lamborghini unveiled its first hybrid model, the Revuelto, in March this year. Image: Lamborghini

Lamborghini buyers can no longer buyer the conventional, internal combustion models, because those are completely sold out, the company's CEO told the German newspaper Die Welt. "O...

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BYD to spend $620 mn for three-plant complex in Brazil

BYD says one of the three plants will be dedicated to electric trucks. Image: BYD

China's BYD will spend $620 million to set up a new, three-complex in the Camacari industrial park in northeastern Brazil, the company announced. BYD's announcement comes on the ba...

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Amazon inducts custom-built EVs into European fleet

Amazon's electric van, custom built for Europe, is smaller and slimmer than its US version so drivers can steer better on Europe's narrower, winding streets. Image: BusinessWire

Retail giant Amazon has started adding its custom-built electric vehicles to its European delivery fleet, the company announced on Tuesday. In a statement, Amazon said it would add...

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Foxconn pumps $200mn into Vietnam for EV chargers, components

Foxconn, the company that assembles Apple's iPhone, is investing $200 million in Vietnam to develop components used in electric vehicles (EVs), confirming news of its plans to vent...

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Tesla chalks up more wins: Volvo signs up, VW starts talks

Tesla's charging standard has attracted carmakers such as Ford, GM and Volvo. Now, Volkswagen Group is in talks to deploy NACS connectors on its North American models. Image: Tesla

Volkswagen has confirmed the group is in talks with Tesla to adopt the latter's charging port, making it the first German carmaker to discuss the possibility. "Volkswagen Group and...

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London Taxi company announces new strategy towards green mobility

LEVC (London Electric Vehicle Company), the makers of the popular London taxis, has announced new business strategies for the coming decade and beyond, to become a leadin...

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Fisker and Wallbox partner globally for home EV charging solutions

Fisker and Wallbox are partnering to offer Fisker EV owners Wallbox home EV chargers for purchase through the Fisker website in the U.S., Canada, and European launch markets. The P...

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Hero MotoCorp and HPCL collaborate to set up EV charging infra across India

Hero MotoCorp and Hindustan Petroleum Corporation Limited (HPCL) have announced they have entered into a collaboration to establish charging infrastructure for Electric Vehicles (E...

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eVolt India and IOCL join forces to set up EV charging stations in Punjab, Haryana, and UP

Electric vehicle charging Infrastructure startup eVolt India has announced that it has signed a strategic collaboration with the Indian Oil Corporation (IOCL) for the installation ...

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E.ON and Nikola collaborate to decarbonize heavy-duty trucking

E.ON and Nikola Corporation, combining their respective expertise form a joint venture to decarbonize heavy-duty trucking. Nikola is a global leader in zero-emissions transportatio...

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Bollore’ Group appoints Richard Bouveret as its CEO for the batteries and e-buses segment

The Bolloré Group is reorganizing its global E-Mobility activities with the appointment of an expert in the automotive industry. With an extensive experience of more than 25 years ...

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Paired Power unveils new solar canopy for fast, modular EV charging without grid interconnection delay

With recent reports indicating the United States needs 20 times more electric vehicle (EV) charging stations than what's available today, Paired Power has announced the launch of i...

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e-2W manufacturer WardWizard Innovations plans global R&D center in Singapore

Electric two-wheeler manufacturer WardWizard Innovations and Mobility has announced its plans to set up its first Global R&D headquarters in Singapore. The company that makes J...

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Delhi govt. unveils Open Database for EV charging and battery swapping stations

Delhi government has announced that it has launched an Open Database Facility for EV (electric vehicle) charging and battery swapping stations on its Switch Delhi portal for electr...

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Mercedes-Benz Vans partners with Rivian for e-vans manufacturing in Europe

Mercedes-Benz Vans has announced that it has signed a Memorandum of Understanding (MoU) with electric vehicle manufacturer Rivian to initiate a strategic partnership. The partnersh...

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EV investors launch EMFAI, an association aimed at accelerating EV adoption in India

A group of financiers of electrical autos has announced that they have launched the Electric Mobility Financiers Association of India (EMFAI). It will act as a typical platform for...

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Mobility fintech Moove partners with Uber UK for deploying EVs across London

Mobility fintech Moove and Uber's largest vehicle procurement partner in EMEA, announces its launch in London as part of its global expansion. London is the global leader in Uber's...

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MG Motor India and RV College of Engg. collaborates for EV certification program

In a step that's seen as a move to gap the bridge between industry and academia and make the students future-ready, MG Motor India has announced an association with RV College of E...

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EV fleet provider BluWheelz to deploy 10,000 e-vehicles, invest $15 million

Electric vehicle fleet provider BluWheelz has announced that it plans to invest up to $15 million (about Rs 120 crore) in one year to deploy around 10,000 electric two and three-wh...

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Tirex Transmission bags HPCL’s contract to set up EV chargers at outlets across Gujarat and Rajasthan

Hindustan Petroleum (HPCL) has announced that it has awarded a contract to Tirex Transmission, an EV charging solutions provider, to set up more than 60 EV chargers at its fuel sta...

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POSCO Chemical and GM ink agreement for the large-scale supply of CAM to support EV growth

POSCO Chemical and General Motors Co. have announced a binding agreement for a large-scale supply (KRW 13,769.6 billion) of Cathode Active Material (CAM) to help GM meet its fast-g...

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CATL and ZEEKR jointly announces ZEEKR, Qilin-batteries powered electric car brand

CATL and ZEEKR have jointly announced ZEEKR as the first car brand powered by mass-produced Qilin batteries. ZEEKR 009 will be the world's first car with Qilin inside, and ZEEKR 00...

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Cummins fuel cell tech powers new zero-emissions rail fleet in Germany

Cummins Inc. has announced that it is powering the world's first fleet of hydrogen trains in Bremervörde, Lower Saxony, Germany. The Alstom Coradia iLint trains are outfitted with ...

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