Daily Roundup: Opel plans EV at half the average price, Petrobras eyes biofuel refinery in Brazil

Stellantis-owned marque Opel plans to offer an EV for about €25,000 from around 2026, the company's CEO Florian Huettl said. That's less than half the current average price for an ... Read More

STMicroelectronics offers SiC tech to BorgWarner power module for Volvo Cars EVs

Global semiconductor firm STMicroelectronics will supply BorgWarner with the latest third generation 750V silicon carbide (SiC) power MOSFETs dice for their proprietary 'Viper... Read More

Daily Shorts: US offers $12 bn to retool car plants for EVs, Tesla reverses China price war

The US government is offering auto companies and component suppliers $12 billion in grants and loans so they can retrofit their plants to produce electric vehicles. US Energy Secre... Read More

Plastic Omnium investing $170 mn on H2 storage production plant in Michigan

French firm Plastic Omnium has revealed its plans to set up North America's 'largest' hydrogen storage production plant in Grand Blanc Township, Michigan, to supply a leading ... Read More

Second Coming: India's JSW Group in talks with Chinese company for an EV foray

JSW Group, India's $23 billion steel-to-paints conglomerate, has held early talks with China's Leapmotor to license the company's electric vehicle technology, Reuters reports, citi... Read More

Battery materials recycling firm Redwood Materials raises $1 billion

US-based battery materials recycling firm, Redwood Materials on Tuesday announced it has raised $1 billion in the latest equity funding round. Founded by former Tesla executive Jef... Read More

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

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 ... Read More

Hyundai, Korea Zinc partner on EV battery materials value chain

Hyundai Motor Group has announced the signing of an MoU with Korea Zinc, the leading non-ferrous metal smelting company in South Korea, towards a comprehensive ... Read More

Automotive battery provider Clarios to acquire Paragon’s battery unit

Automotive battery solutions provider, Clarios on Wednesday (August 30) announced it will purchase Paragon GmbH & Co. KGaA's power business that produces batteries and bat... Read More

'India on track for E20 rollout by 2025, will save ₹35,000 crore in import bills'

India is currently dispensing E20 fuel (petrol blended with 20 percent ethanol) at more than 3,300 stations across the country, and the same will be available pan-India by 2025, Un... Read More
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