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Renault and Nissan investing $600M in new models for India, including two EVs

Green Car Congress

Renault and Nissan announced a new long-term vision for India, increasing production and R&D activities, introducing electric vehicles, and transitioning to carbon-neutral manufacturing. Complementing the additional production will be an increase in R&D and associated activities at the Renault Nissan Technology & Business Center India.

India 332
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SFC Energy starts production of hydrogen and methanol fuel cells in India

Green Car Congress

SFC Energy AG, a supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, has launched the manufacturing of hydrogen and methanol fuel cells at its New Delhi/Gurgaon site in India. In the future, SFC’s subsidiary SFC Energy India Ltd.

India 268
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Tesla CEO Elon Musk postpones planned trip to India

Teslarati

Tesla CEO Elon Musk has confirmed that his planned visit to India, which was reportedly scheduled for April 21-22, 2024, has been canceled. The CEO cited his current workload at Tesla as a reason for the postponement of his India trip, though he also noted that he is still looking forward to visiting the country later this year.

India 123
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bp ventures makes 1st direct investment in India; $13M in EV ride-hailing & charging company BluSmart

Green Car Congress

bp ventures has made its first direct investment in India, investing $13 million in integrated EV ride-hailing and charging company BluSmart. bp ventures led a $25 million Series A round that also saw support from Mayfield India Fund, 9Unicorns and Survam Partners, alongside other existing investors.

India 221
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Panasonic Energy aims for EV battery production in India

Teslarati

Panasonic Energy is discussing a potential joint venture with Indian Oil to produce electric vehicle (EV) batteries in India. The company’s interest in India comes after news broke that Tesla Giga Berlin is producing cars for the country. The Japanese battery supplier plans to produce cylindrical lithium-ion batteries in India.

India 120
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Hyundai & Kia to locally produce batteries in India

Teslarati

Hyundai Motor Company and the Kia Corporation plan to produce electric vehicle (EV) batteries in India. to collaborate strategically in India’s EV market. Hyundai Motor is Kia’s parent company. The company has EV expansion plans for India, starting with the leading Indian battery company, Exide Energy.

India 102
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Stellantis makes India its EV export hub for SE Asia

Teslarati

Stellantis is preparing to make India its main electric vehicle (EV) export hub in Southeast Asia. After the nation’s government passed a new EV policy , India is slowly becoming one of the ideal countries to produce and export EVs. Stellantis recently launched EV exports from India with the Citroen brand.

Asia 99