Tata Power posts INR 1,017 crore profit in Q2 FY 2024
Tata Power clocked 16th consecutive quarter of net profit (profit after tax) growth with Q2 FY 2024 profit rising 9% YoY to INR 1,017 crore ($122.18 million).
Servotech to set up EV charger manufacturing plant in Uttar Pradesh
Servotech Power Systems will invest around INR 300 crore ($36.2 million) to set up an electric vehicle (EV) charger manufacturing facility with backward integration in the state.
Servotech launches new unit for key EV charger components and lithium batteries
Servotech Power Systems has launched Techbec Green Energy to produce EV charger components and lithium-ion batteries. The new unit will have a 40,000 sq.ft. manufacturing facility in Haryana.
Fortum Charge & Drive unveils new brand identity, eyes 3,000 EV charging points by FY 2025
Fortum Charge & Drive India has unveiled its new brand identity ‘Glida’ signifying its commitment to delivering a seamless electric vehicle (EV) charging experience in India. Glida plans to increase the number of its EV charging points to 3,000 by 2025 from around 450 at present.
Magenta Mobility unveils EV charger with 12 outputs
Magenta Mobility has launched an electric vehicle (EV) charger that can charge 12 EVs simultaneously. The charger is especially suited for charge point operators, fleet operators, community parking bays, and residential complexes.
CATL launches 500 Wh/kg condensed matter battery
Chinese battery industry heavyweight CATL has unveiled a novel condensed matter battery technology with an energy density of up to 500 Wh/kg. The company said it can achieve mass production within this year.
Servotech appoints EV charging solutions distributor for Middle East and Africa
Servotech has signed a pact with Dubai-based Al-Ansari Motors to provide EV charging solutions in the Middle East and Africa. The company aims for $50 million in business from this region in the next one to two years.
State EV policies need better implementation mechanisms
A study reveals that none of the eight states where EV policies have been active for two years or more is on track to meet its targets of EV penetration, charging infrastructure, or investments.
Erisha E Mobility launches EVs and EV charging stations, eyes battery manufacturing
The electric vehicle (EV) manufacturer has launched electric cargo and passenger vehicles in the L5 category, along with EV charging stations. It also plans gigawatt-scale production of EV batteries soon.
India and Japan to cooperate on solar power, clean hydrogen and electric vehicles
Under their clean energy partnership, both countries also agreed to cooperate in the disposal, recycling, and reclamation of valuable materials from batteries, solar panels, turbine blades, and electronics.
