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Founder of EV maker VinFast launches global charging stations venture
Reuters
·
1y ago
Medial
Pham Nhat Vuong, the founder of Vietnamese electric vehicle (EV) maker VinFast, has launched a new company called V-Green, focused on building a global EV charging network. With a 90% stake in V-Green, Vuong aims to support VinFast vehicles worldwide by establishing and expanding charging infrastructure in key markets. V-Green will also operate and manage VinFast's existing charging network in Vietnam, with potential plans to extend services to other EV manufacturers in the future. Vuong plans to invest $404 million over the next two years to develop new outlets and enhance the charging network.
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Related News
Jio-bp to set up 30,000 EV charging points by 2030
Inshorts
·
5m ago
Medial
Jio-bp, a joint venture between Reliance Industries and global energy giant BP, reportedly plans to set up over 30,000 electric vehicle (EV) charging points in India by 2030. As per the report, Jio-bp EV charging stations will be powered by solar energy plants and nearly 70% of the electricity needs of these stations will come from green energy sources.
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Vietnam EV maker VinFast names founder as CEO, replaces CFO
Economic Times
·
1y ago
Medial
Vietnamese EV maker VinFast has appointed its founder and biggest financial backer, Pham Nhat Vuong, as its new CEO. Vuong will oversee the company's global production, sales, and marketing as part of its ambitious overseas expansion plans. VinFast, which started manufacturing EVs in 2021, has received continuous financial support from Vuong, who is Vietnam's richest man. The company aims to reach the break-even point by the end of 2024. VinFast also appointed Nguyen Thi Lan Anh as its new CFO to replace David Mansfield.
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Karnataka imposes 18% GST on public EV charging stations
Startup News FYI
·
2y ago
Medial
The Karnataka Authority for Advance Ruling has imposed an 18% Goods and Services Tax (GST) on public electric vehicle (EV) battery charging stations. This decision clarifies the applicable GST rate for EV charging infrastructure in the state of Karnataka, which may impact the costs and economics of setting up and operating public charging stations for electric vehicles.
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India needs IN-SPACe-like platform for EV charging infra, say experts
Economic Times
·
6m ago
Medial
Experts emphasize the need for robust EV charging infrastructure as India's mobility market shifts towards electrification. Current challenges include inadequate chargers, land acquisition delays, and regulatory approvals. India requires 3.9 million charging stations by 2030, with a current ratio of one charger per 135 EVs, far below global averages. Suggestions include adopting single-window clearance systems, standardizing charging ports, and increasing investments in startups. Government initiatives aim to expand charging stations across highways and underserved cities.
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Zerodha’s Nikhil Kamath invests in Essar firm GreenLine Mobility
VCCircle
·
4m ago
Medial
Zerodha co-founder Nikhil Kamath is investing $20 million in GreenLine Mobility Solutions Ltd, a green logistics company by Essar Group. This investment is part of a $275 million equity infusion, primarily funded by Essar Group. GreenLine plans to use the funds to deploy over 10,000 LNG and EV trucks, establish 100 LNG refueling stations, EV charging stations, and battery swapping facilities. Kamath views this investment as a move towards sustainable and efficient logistics.
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Vietnam's VinFast to set up $500 mln EV facilities in India
Reuters
·
1y ago
Medial
Vietnamese electric vehicle (EV) maker VinFast has entered an agreement to establish its first manufacturing facilities in India with an investment of up to $2 billion. The project, in partnership with the state of Tamil Nadu, aims to start construction this year and generate 3,000 to 3,500 jobs locally. VinFast plans to make EV batteries in Thoothukudi, Tamil Nadu, and intends for the project to become a leading EV production hub in the region with an annual capacity of up to 150,000 vehicles. India is targeting 30% EV sales by 2030.
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Google Maps will soon locate nearest EV charging stations for you: Here's how
Livemint
·
1y ago
Medial
Google Maps and Search are introducing new features to assist electric vehicle (EV) drivers in finding and accessing charging stations. The updates include AI-powered summaries that provide detailed directions to charging stations based on user reviews, real-time information on charging port availability and speed, suggestions for charging locations during multi-stop trips, and an EV filter on Google's travel website to find hotels with onsite charging facilities. With these enhancements, Google aims to offer comprehensive support to EV owners, making it easier for them to plan road trips and find charging options.
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EV players discuss development of battery charging, swapping infra with Piyush Goyal
Economic Times
·
7m ago
Medial
Electric vehicle (EV) stakeholders discussed battery charging and swapping infrastructure with Commerce Minister Piyush Goyal and officials from the Department of Heavy Industries and DPIIT. Representatives from Tata, TVS, and Mercedes-Benz India raised concerns about the location and standards of swapping stations. The government aims to promote EV manufacturing through policy incentives and public charging stations. India's EV market is projected to achieve significant growth, with new jobs and public charging facilities planned under schemes like FAME-II and PM E-DRIVE.
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Tata Passenger Electric Mobility partners with HPCL to optimize EV charging infrastructure
IndianStartupNews
·
1y ago
Medial
Tata Motors has joined forces with Hindustan Petroleum Corporation (HPCL) to enhance India's electric vehicle (EV) charging infrastructure. By utilizing HPCL's extensive fuel station network, and leveraging insights from Tata's EV fleet, the partnership aims to set up chargers at frequently visited locations by Tata EV owners. HPCL will also gather charger usage data to improve the customer experience. Additionally, both companies are considering launching a co-branded RFID card for convenient payment at charging stations. HPCL plans to install 5,000 EV charging stations by December 2024, supporting the adoption of EVs in India.
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China's oil majors face uphill climb to adapt to EV future
Reuters
·
1y ago
Medial
China's state-run oil giants, Sinopec and PetroChina, are adapting to China's shift towards electric vehicles (EVs) by building charging stations. As EV sales are expected to reach 40% of total car sales this year in China, the demand for gasoline is predicted to peak by 2025. However, the public EV charging sector in China faces challenges such as low utilization, market fragmentation, and overcapacity. Despite this, global energy companies like Shell and TotalEnergies are also investing in EV charging infrastructure in China, drawing lessons from early adopter markets like Norway.
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