Author name: EV Charcha

US and Japan partner for critical minerals for electric vehicles

The trade agreement was signed by Katherine Tai, US trade representative and Koji Tomita, Japanese ambassador to the US. Both the countries have reached an agreement over critical minerals that are required for electric vehicles. The signing of agreement happens just before EV announcement of EV tax credit.  The trade agreement could make Japanese electric

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LG to invest $5.5 Billion for battery factory in Arizona.

LG Energy Solutions had announced last year that it would invest $1.3 Billion, but due to growing EV demand it announced $5.5 Billion investment on Friday, quadrupling its prior investment for a battery factory in Arizona. The Arizona factory would cater to manufacturing batteries for electric cars and trucks. The battery complex situated near Phoenix

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Ampere Electric Vehicles collaborates with Royal Challengers Bangalore

The electric vehicle brand by Greaves Electric Mobility Private Limited (“GEMPL”),Ampere electric has become an official EV partner of Royal Challengers Bangalore ahead of T20 season. It is also believed that Ampere will launch RCB edition Primus electric scooter. Each match played at home will feature Ampere Electrifying Player of the Match who will receive

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Ford’s EV unit, which lost $3 billion should be seen as a startup says Ford.

Ford Motor Company ‘s electric vehicle unit has lost nearly $3 Billion is past two years and is due to lose some what same amount this year thanks to new technology investment. Although the company is confident that their EV Unit – “Model E” will turn profitable soon. Ford released their figures earlier and announced

Ford’s EV unit, which lost $3 billion should be seen as a startup says Ford. Read More »

Mahindra’s new EV unit to receive 600 crore investment from IFC group.

The World Bank Group arm IFC has invested Rs.600 crore in last-mile mobility(LMM) company, a subsidiary of of Mahindra & Mahindra, which will be newly incorporated (NewCo.). The NewCo will house three wheelers which are Alfa, Treo, Zor and four-wheeler like SCV (Jeeto). According to press release, “IFC’s first investment in an EV manufacturer in

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