TVS Motor increases stake in ION Mobility through Singapore subsidiary

Image: ION Mobility

India's TVS Motor Company announced it had increased its stake in Southeast Asian e-mobility player ION Mobility last week. In a stock exchange filing, the company said, "We would ...

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VinFast launches EVs in Indonesia; to establish nationwide charging network

Source: VinFast

Vietnamese automaker VinFast is debuting the company's first range of right-hand drive electric cars at the on-going Indonesia International Motor Show (IIMS) 2024. The brand'...

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Indonesia allows storage of foreign CO2 to boost carbon capture sector

Indonesia has issued new regulations on carbon capture and storage (CCS), under which CCS operators can earmark 30 percent of their total storage capacity for imported carbon dioxi...

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Daily Shorts: Snam plans H2 pipeline, esVolta gets $170 mn for California energy storage, and more

First Citizens Bank announced it served as the lead agent on a $170 million credit facility extended to esVolta, a company that develops, owns and operates utility-scale battery en...

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Daily Shorts: Toyota boosts EV battery investment by $8 bn, Indonesia finalizes JETP plan, and more

A crashed Tesla. (Picture for Representational Purpose) Image: US NTHB

Toyota announced plans to invest $8 billion in the company's electric vehicle battery manufacturing plant in North Carolina, USA, taking total investment in the project to around $...

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Daily Shorts: Albemarle scraps Liontown purchase, E.ON risks falling behind RE transition, and more

Image: Pexels

US lithium miner Albemarle withdrew its proposal to acquire Australia's Liontown Resources for A$6.6 billion, citing "growing complexities" over the deal. Following the announcemen...

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Daily Shorts: Total seeks 5KTPA green H2, Indonesia wants homegrown EV champion

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French oil major TotalEnergies sought applications for 500,000 tonnes per annum of green hydrogen to replace the grey hydrogen it currently uses in industrial activities. The compa...

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Daily Shorts: Bridgepoint buys energy investment firm, Indonesia's PLN looks to shift from coal

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Asset fund manager Bridgepoint announced an agreement to buy energy investor Energy Capital Partners for $1.05 billion, and said the deal would be accretive to profit from day of c...

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Daily Shorts: Tesla range under scanner, Canada clears four wind farms to drive green hydrogen plants

Image: Tesla

Tesla is under the scanner of US authorities over vehicle range claims, media reports indicate. The Wall Street Journal reported federal prosecutors are looking into the company's ...

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Daily Shorts: BYD profit triples, Indonesia's Aceh to get green hydrogen plant

Chinese EV powerhouse BYD said first-half profit tripled to $1.50 billion, as record deliveries helped the company retain the title of China's biggest-selling automotive brand. Dat...

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Daily Shorts: Germany eyes geothermal, Malaysia readies EV champion

Germany plans to expand geothermal capacity 10 times by 2030, the country's chancellor said. Germany has some of Europe's biggest geothermal reserves, but has been slow to tap them...

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Daily Shorts: Denmark to earmark $4B for CCS, Cargill tests wind powered ships

Denmark will earmark around $4 billion in aid to carbon capture storage (CCS) projects, the country's climate ministry announced. The grants will be disbursed over 15 years, but el...

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Daily Shorts: Mexican governor eyes EV investment from Tatas, lithium miner tests new extraction process

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Samuel Garcia, governor of the northern Mexican state of Nuevo Leon, is meeting executives in India as part of his plans to attract EV investments in the state, Reuters reports. Te...

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Daily Shorts: Indonesia rolls out red carpet for EV makers, Brazil's Eletrobras to buy 15 RE companies

Indonesia, which blends palm oil in diesel, has started blending bioethanol in petrol. Image: Pexels

Indonesia is in talks with Tesla and BYD and preparing a fresh set of incentives to attract the EV manufacturers, a government minister said. The incentives will be benchmarked aga...

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EV Battery startup Swap Energy raises $ 7.2 M in Indonesia

Image Indonesian start-up Swap Energy that specializes in providing battery-swapping solutions for E2Ws has raised about  $7.2 million in a pre-Series A funding round led...

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TVS Motor invests in Singapore-based E2W startup ION Mobility

One of India's leading two-wheeler maker TVS Motor Company has announced its association with ION Mobility (ION), the Singapore-based startup developing smart electric mo...

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Indonesia signs pact with ACWA Power for Battery Storage, Green H2

Indonesia's state-owned electricity provider PT Perusahaan Listrik Negara (PLN) and Saudi renewable energy developer ACWA Power have recently signed a MoU on the dev...

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Global Progress in 'Green' transition: Singapore, Indonesia, Philippines

Energy storage solutions, whether applied to the power grid or EVs, make systems more flexible and are suitable for meeting low cost, low carbon electricity demands. Following is a...

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Foxconn, Gogoro, IBC, and Indika to jointly develop new energy ecosystem in Indonesia

Global electronics major Foxconn (Hon Hai Technology Group) has signed an MoU with the Indonesian Ministry of Investment (BKPM), PT. Industri Baterai Indonesia (IBC), PT. Indika En...

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