MANUFACTURING OF ELECTRIC VEHICLE MOTORS
‘Clean energy projects will slacken in the US — other nations are rightly frustrated with Donald Trump’s environmental policies’
Jay Turner discusses the battery industry's evolution and its current state. He highlights the impact of policy changes, particularly under President Trump. Investments in the US battery sector might slow down. China's early investments in clean energy technology gave them a lead. The Republican Party's stance on environmental issues has shifted over time. American exceptionalism could hinder global environmental efforts.
ETtech Deals Digest: Indian startups raise $177 million this week, led by EV and healthtech bets
Indian startups raised $177.6 million from 15 deals between May 17 and 23, a 2.7x rise year-on-year and up 12.7% from last week. Major deals included Euler Motors , CureBay, Cloudsek, and Mythik. Despite fewer deals compared to the same period last year., funding volumes saw a significant boost.
Suzuki Motorcycle starts production of its first electric scooter
Suzuki Motorcycle India has begun producing its first electric scooter, the e-ACCESS, at its Gurugram plant, marking its entry into the Indian e-two-wheeler market. The e-scooter features Suzuki's e-technology, including a Lithium-iron-phosphate battery, regenerative braking, and multiple riding modes. Suzuki is also preparing its dealership network to support electric vehicle customers with trained personnel and dedicated service infrastructure.
Agnikul ignites India’s first electric motor-driven semi-cryogenic rocket engine
The spacetech startup’s cofounder and CEO shared a video of the engine being throttled to different levels of thrust. Electric motor-driven throttling helps with higher accuracy and rapid response, and this test is a major milestone towards firing a cluster of engines together, he wrote in a social media post.
How Elon Musk's Tesla could benefit from Trump's ‘big beautiful bill’ that axes EV subsidies
The United States government may eliminate tax credits for electric vehicles. This is part of a larger bill proposed by President Trump. The bill ends credits for new and used EVs, plus charger installation. Tesla CEO Elon Musk believes this change could help Tesla. Tesla plans to launch more affordable models in 2025.
Ola Electric board clears Rs 1,700 crore debt raise via NCDs
Ola Electric plans to raise up to Rs 1,700 crore through non-convertible debentures (NCDs) or other debt instruments via private placement. The board approved the proposal on May 22, within shareholder-approved borrowing limits. Funds may be raised through NCDs, term loans, or working capital facilities in one or more tranches.
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Ola Electric to raise Rs 1,700 crore in debt to navigate tough market conditions
Ola Electric plans to raise ₹1,700 crore through debt instruments to strengthen its finances amid market share decline, regulatory scrutiny, and a tough operating environment. The funds will support strategic initiatives, as the company faces intense competition and internal restructuring.
India to seek lithium and copper under new trade tie from Chile to power clean energy and industrial growth, says experts
India aims to secure a stable supply of lithium and copper from Chile through an expanded trade agreement to support its clean energy transition and industrial growth.
UK-India FTA to help remove obstacles in doing biz, enhance focus on Indian market: JLR
Jaguar Land Rover anticipates the UK-India FTA will streamline business operations, enabling a stronger focus on the Indian market. The automaker plans to expand its local assembly, potentially including the Defender model, and double its retail presence in India.
JLR expects BEVs to account for significant portion of India biz in 3-4 yrs
Jaguar Land Rover anticipates a substantial portion of its India business will come from electric vehicles in the next 3-4 years. The company plans to introduce around eight BEV models by 2030, including the Range Rover BEV expected next year.
Ola Electric plans fundraise amid market share slump, stock slide
A board meeting scheduled on May 22 will consider raising capital through NCDs or other eligible securities. This would be the Bengaluru-based electric two-wheeler maker’s first funding exercise after its IPO in August last year. Details such as the size of the round, valuation, and names of potential investors have not been disclosed.
TVS launches King EV Max at Rs 2.95 lakh with fast charging, 6-year battery warranty, and more smart features
TVS Motor Company has launched its electric three-wheeler, the TVS King EV Max, in Tamil Nadu, priced at Rs 2.95 lakh. This EV offers a 179 km range on a single charge and quick charging capabilities, reaching 80% in 2 hours and 15 minutes. It also features TVS SmartXonnect for real-time navigation and vehicle diagnostics, backed by a six-year warranty.
Honda pulls back on EV strategy for now and will push hybrid sales
Honda has revised its electric vehicle strategy. The company is reducing its investment in electrification. This decision comes as EV sales slow down in the United States. Honda will now focus more on hybrid vehicle production. The automaker aims to adapt its Ohio plant for both EV and hybrid manufacturing. Honda is still working on collaborations with Nissan and Mitsubishi.
Is China’s economy really thriving or just full of hot air? The truth behind the data
China's economic data presents a mixed bag, with factory output slowing in April alongside weak property figures, yet iron ore imports and renewable energy installations surge. Electricity generation growth decelerated, but official data excludes booming rooftop solar, masking actual power consumption. Industrial output rose 6.
Foxconn and Nvidia launch Taiwan’s first AI supercomputing hub with latest Blackwell GPUs
Foxconn and Nvidia have teamed up to build a state-of-the-art AI supercomputing hub in Taiwan, featuring Nvidia’s latest Blackwell GPUs. This “AI Factory” will accelerate AI development across smart cities, electric vehicles, and manufacturing, supporting researchers and businesses alike. The project, backed by Taiwan’s government and partners like TSMC, aims to boost automation, innovation, and AI adoption nationwide.
Euler Motors raises Rs 638 crore funding in round led by Hero MotoCorp
Euler Motors has raised Rs 638 crore in Series D funding led by Hero MotoCorp, marking Hero’s entry into electric three- and four-wheelers. Funds will boost sales, service network, and product development. With this round, Euler’s total funding reaches Rs 1,420 crore, supporting expansion to 80 cities and increasing market share.
Euler Motors raises Rs 638 cr in funding round led by Hero MotoCorp
Euler Motors has secured Rs 638 crore in a Series D funding round spearheaded by Hero MotoCorp, with participation from British International Investment. The funds will fuel expansion of sales and service networks, alongside advancing new product development.
India set to drive in new leadership opportunities with EVs
G20 Sherpa and former NITI Aayog CEO Amitabh Kant emphasizes the urgent need for India to embrace green mobility. "If we don’t shift now, we risk missing the opportunity to become the world's largest EV manufacturer.” Projections indicate that by 2030, India could achieve a 30% market share for EVs, with a target of 80 million EVs on the road. The Indian EV battery market is also set to rise sharply, from USD 16.77 billion in 2023 to USD 27.70 billion by 2028.
Tata Motors plans more product actions this fiscal for 'mainstreaming' EVs
Tata Motors is set to bolster its electric vehicle lineup with upcoming launches like the Harrier.ev and Sierra.ev, alongside upgrades to existing models, aiming to solidify its position in the EV market. While FY25 saw a slight dip in EV sales, the company remains focused on mainstreaming EVs through strategic market development.
Multibagger or IBC - Part 6: Will change in focus to EV make this auto ancillary company a major automaker?
The year was 2016. At a time most of its peers were wondering how they could adapt to survive the EV transformation in the auto sector, this auto ancillary had not only made the pivot but had actually switched to becoming an EV OEM. That year, it launched its first electric bus! In addition, today, as rivals are worrying about US tariffs, this company is doubling down on India and select international markets through a mix of aggressive tender wins, strategic JVs, and capital infusion from global institutions.
EV stocks: Quiet transformation continues; look at not-so-obvious names. 8 stocks with an upside potential of up to 34%
Around the same time last year, everyone was talking of how EVs would change the automobile industry. Then came the post-IPO performance of Ola, leading to an expectation reset on the street. Now, the question: Does Ola’s performance after listing and the controversies over its business model impact the transformation that EVs are bringing about? The answer is no. Unfortunately, though, when a marquee player like Ola is hit, other players who, in fact, have bigger stakes in the whole EV ecosystem, are also impacted. So, ensure that you don’t end up selling good stocks without rhyme or reason.
US manufacturing output falls in April on weak auto production
U.S. manufacturing production experienced an unexpected decline of 0.4% in April, primarily driven by a sharp decrease in motor vehicle output, according to the Federal Reserve. This downturn raises concerns about the sector's ability to maintain its growth momentum in the second quarter, especially considering the impact of tariffs.
Tata Motors partners with Vertelo for leasing solutions for electric CVs
Tata Motors collaborates with Vertelo to provide leasing options for electric commercial vehicles. This partnership aims to help fleet owners switch to sustainable mobility. A Memorandum of Understanding is signed to offer leasing solutions for Tata Motors' electric vehicle range. This collaboration expands access to sustainable transportation solutions.
Foxconn profit surges on AI demand, but more conservative on 2025 outlook
Foxconn reported a 91% surge in Q1 profit, driven by strong AI server demand, beating forecasts. Despite robust AI growth, it issued a more cautious full-year outlook amid US-China trade tensions. The company is expanding in electric vehicles and shifting some production to Mexico to mitigate tariff risks.
Apple supplier Foxconn cuts outlook due to tariff uncertainty
Foxconn, a major Apple and Nvidia supplier, anticipates challenges due to U.S. tariff uncertainties, leading to a more cautious full-year outlook despite strong AI server demand. While a temporary tariff truce offers some relief, the need for a permanent trade deal remains crucial. The company reported a significant jump in first-quarter profit and is expanding into electric vehicles.
Sterling Tools to manufacture, market rare earth magnet-free traction motors for electric vehicles
Sterling Tools, via its subsidiary SGEM, is entering the electric vehicle traction motor market, manufacturing rare earth magnet-free motors through a technology licensing agreement with AEM Ltd. This move aims to reduce reliance on China and bolster India's EV supply chain.
Foxconn expected to post strong Q1 profit growth on AI server demand
Foxconn, formally called Hon Hai Precision Industry, said last month that its first-quarter revenue jumped 24.2% to a record for that quarter on strong sales of AI servers. But global trade uncertainty could dim the prospects for its outlook this year, as it has a major manufacturing presence in China, though Washington and Beijing on Monday agreed to slash steep tariffs for at least 90 days.
Accelerating towards tomorrow: India’s electric vehicle revolution
Government initiatives, including the FAME and Production Linked Incentive (PLI) schemes, have bolstered local manufacturing and competitiveness. PM E Drive underscores India's policy dedication to innovation and sustainability in the EV sector.
Toyota goes all-in on hybrids, no more gas-only RAV4s in 2026
Toyota will reveal the new RAV4 on May 20. The 2026 RAV4 will feature a redesigned exterior and upgraded interior. It will offer only hybrid and plug-in hybrid powertrains. The standard hybrid will use a 2.5-liter engine with electric motors. The plug-in hybrid could deliver 302 horsepower. Production will likely continue in North America.
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