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CATL and BYD target 50% battery price cut this year to make EVs affordable – ET Auto

Baua Electric

The decline in battery prices is a significant development for the electric vehicle (EV) industry, potentially driving increased adoption. BYD’s battery manufacturing division, FinDreams, aims to match CATL’s efforts by intensifying cost reduction measures.

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Budget 2024: ‘Critical Mineral Mission’ to boost EV battery production – ET Auto

Baua Electric

In the interim budget, the Finance Minister had hinted about the GoI’s strategy to promote energy security in terms of availability, accessibility and affordability. This move is welcomed by the auto industry players as it can significantly boost the recycling of critical minerals in India along with its production. . on copper scrap.”

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SIDBI and BluSmart collaborates to deploy 140+ electric cars for ride hailing service – ET Auto

Baua Electric

New Delhi: Small Industries Development Bank of India ( SIDBI ) and BluSmart launched 140+ electric cars under the EV4ECO scheme in an event attended by representatives from the Indian government and other agencies. SIDBI has launched the EV4ECO & EV-RSF schemes to enable the affordable financing of electric vehicles.

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Spain’s Acciona launches swappable battery electric vehicle – ET Auto

Baua Electric

Spanish construction and energy group Acciona is betting on this formula to help remove some of the main hurdles hindering the take-up of electric cars in Spain and elsewhere in Europe: price and driving range. Buying the battery rather than opting for the subscription model adds a few thousand euros to the price.

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Pavna Industries inks deal with Ola Electric to supply ignition switches, latches for EVs – ET Auto

Baua Electric

Ola Electric Mobility has been playing an instrumental role in driving EV adoption and penetration in India, the company said in a media release. Under this agreement, Pavna Industries commits to providing high-quality ignition switches and latches to Ola Electric across its manufacturing plants in India.

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Sokudo Electric to build in-house motor and controller plant to boost E2W R&D – ET Auto

Baua Electric

Sokudo Electric has been focused on R&D advancements and has invested significantly in product enhancements. Sokudo Electric , an Indian manufacturer of electric two-wheelers (E2Ws), is building an in-house advanced motor and controller plant spread over 20,000 sq.ft in Greater Noida investing INR 10 crore.

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Piaggio offers battery subscription model for Ape electric 3W at INR 2.59 lakh – ET Auto

Baua Electric

Piaggio Vehicles Pvt Ltd (PVPL),a subsidiary of the Piaggio Group and a leading Indian manufacturer of small commercial vehicles and electric three-wheeler (3EV) pioneers, has announced a “ Battery Subscription Model ” for its Ape Elektrik electric 3Ws. The subscription model goes beyond affordability.

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