Decibels Lab

Article No. 1 

Link - https://mobile.reuters.com/article/amp/idUSKBN2AH13T?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Source - Reuters

Heading - Ford's Europe car lineup to be all-electric by 2030

Short details - Ford Motor Co on Wednesday said its car lineup in Europe will be all-electric by 2030 as the U.S. automaker races to get ahead of CO2 emissions targets and looming bans in some countries on fossil fuel vehicles.

Article No 2

Link - https://www.carandbike.com/news/flipkart-to-deploy-over-25-000-electric-vehicles-by-2030-2378012

Source - Carandbike.com

Heading - Flipkart To Deploy Over 25,000 Electric Vehicles By 2030

Short details - Flipkart has announced that it will deploy over 25,000 electric vehicles by 2030 as the company is transitioning to electric vehicles across its city logistics fleet. It will also help to set up charging infrastructure around delivery hubs and offices to fast track the adoption of electric vehicles (EVs) in India. 

Article no. 3

Link - https://timesofindia.indiatimes.com/city/delhi/3-wheelers-emerge-as-top-ev-choice/articleshow/81130221.cms

Source - Times of India

Heading - Three-wheelers emerge as top EV choice

Short Details -  Since the launch of the Delhi electric vehicle policy in August last year, three-wheelers have emerged as the highest-selling electric vehicles in the capital. A total of 5,534 new electric three-wheelers have been registered and more users are coming forward to make the switch.

Delhi government is, meanwhile, running ‘Switch Delhi’ campaign focused on generating awareness on the benefits of electric three-wheelers along with the benefits offered under the Delhi EV policy for those who want to make a switch from ICE (Internal Combustion Engine) vehicles to electric. In the second week of the campaign, many users, environmentalists, celebrities and industry leaders have come forward to express their support to the campaign.

Article No 4 

Link - https://www.google.com/amp/s/www.team-bhp.com/news/hyundais-ev-recall-cost-50-carmakers-2020-net-income%3famp

Source- team-bhp.com

Heading - Hyundai's EV recall to cost 50% of carmaker's 2020 net income

Short details - 

The latest Hyundai Kona EV recall of nearly 82,000 cars could be one of the most expensive EV recalls so far. It is estimated to cost the carmaker US$ 900 million.

The Kona EV is being recalled due to a potential fire risk in battery cells produced by LG in China. While a final figure of the amount will be based on negotiations between the Korean carmaker and LG Energy, the current figure is very close to half of the carmaker's 2020 net revenue. This loss will be reflected in the company's Q4 results.

Article No 5

Link - https://www.google.com/amp/s/techcrunch.com/2021/02/11/planning-500000-charging-points-for-evs-by-2025-shell-becomes-the-latest-company-swept-up-in-ev-charging-boom/amp/

Source- techcrunch.com

Heading - Planning 500,000 charging points for EVs by 2025,Shell becomes the latest company swept up in EV charging boom 

Short details - 

Shell’s plan to roll out 500,000 electric charging stations in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet demand.Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of the biggest names in private equity investing for its own path to commercial viability.

Article no. 6 

Link - https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/tesla-nio-xpeng-byd-battle-093000449.html

Source - Yahoo Finance

Heading -  As Tesla, NIO, Xpeng and BYD battle for dominance in China, which electric car maker has the slickest fundraising machine?

Short details - 

Electric car companies' dash for cash will continue through the Year of the Ox as the capital-intensive industry ploughs billions of dollars into new models and builds infrastructure across the world's largest car market, China.

The single largest investment by the car industry in a century is well under way as electric vehicle (EV) start-ups ramp up production and traditional carmakers, such as BYD and Geely, switch to making EVs from fossil-fuelled internal combustion engines.

All of them need well-oiled fundraising machines to source capital for developing cars with longer driving ranges per charge while maintaining spotless safety records. Companies will also have to spend heavily on rolling out charging stations and marketing their models to China's 1.4 billion consumers.