EVS
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China’s Ministry of Commerce (MOC) said Thursday the country is studying increasing tariffs on imported fuel-powered vehicles with large-displacement engines. A decision will be made prudently after comprehensive consideration of various factors, MOC spokesperson, He Yadong, told a press conference. When answering a question on negotiations between China and the European Union (EU) on electric…
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Norwegian Prime Minister Jonas Gahr Store on Friday inaugurated Europe’s first gigawatt-scale factory for Lithium Iron Phosphate (LFP) batteries. Located in Arendal, southern Norway, the factory is owned by the start-up Morrow Batteries. Achieving yet another significant milestone, Morrow Batteries can produce 3 million battery cells annually, amounting to a capacity of 1 GWh. Addressing…
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The first vessel of Chinese automaker BYD’s shipping fleet has arrived in the Spanish port of Santander, the company announced on Friday. “BYD EXPLORER NO.1” docked with SEAL U DM-i vehicles on board, destined for the Spanish market. The SEAL U DM-i model is BYD’s first plug-in hybrid to break into Europe, and has generated…
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The European Commission on Wednesday revealed a list of protectionist duties it would levy on imports of battery electric vehicles (EVs) from China, sparking opposition and concerns from governments and businesses across Europe. The provisional duties envisaged by the Commission on the imports of EVs from China would range from 17.4 percent to 38.1 percent.…
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The proliferation of low-cost Chinese electric vehicles (EVs) has put traditional automakers under immense pressure to accelerate their efforts in producing affordable EVs. In response, these automakers are collaborating with various suppliers, from battery materials manufacturers to chipmakers, to streamline costs and expedite the development of budget-friendly electric cars. Andy Palmer, Chairman of UK-based startup…
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Kunal Khattar, founder partner at AdvantEdge, a mobility-focussed early-stage VC firm, talks about the role of various stakeholders as the electric vehicle (EV) sector grows in India—from startups like Ather to multinationals like Tesla. Edited excerpts: Here’s an excerpt from Kumar’s interview with Forbes published 20 September, 2023. Q. Tell us about the opportunity you…
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