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The Indian electric vehicle company EVage just raised a $28 million seed round aimed to help the firm build delivery trucks for companies including Amazon's partner in the country.
Driving the news: The U.S.-based, mobility-focused VC firm RedBlue Capital led the funding round, and its aimed at enabling EVage to complete a factory outside of Delhi, the announcement states.
Electric vehicles will soon have "bidirectional" or two-way batteries that can turn cars into useful sources of power for your home, worksite or even another car.
Why it matters: One of the biggest obstacles to EV adoption is the lack of charging infrastructure.
A bunch of new developments highlights a wider trend: intensifying efforts by governments and corporations to secure key minerals needed for electric cars and other clean energy tech.
Driving the news: Tesla and Talon Metals announced a deal on Monday to supply the electric automaker with at least 75,000 metric tons of nickel concentrates from Talon's planned mine in Minnesota. The Star Tribune has details.
Most consumers, especially in the U.S., plan to stick with internal combustion tech for their next vehicles, a wide-ranging new survey shows.
Driving the news: Deloitte's annual survey of consumer auto views breaks down preferences by country, showing regional differences but overall that traditional vehicles and to a lesser extent hybrids are the strong favorites.
The most popular American pickups are poised to test whether the nation's obsession with trucks can go electric.
Driving the news: Ford on Tuesday announced plans to nearly double production capacity of its forthcoming F-150 Lightning amid what it called “soaring customer demand.”
General Motors CEO Mary Barra on Wednesday outlined the next steps in the company's aggressive electric vehicle rollout, including a plug-in Chevrolet Silverado EV pickup truck and two SUVs, while demand for its electric delivery vans grows.
Why it matters: Pickups and SUVs are the heart of the U.S. vehicle market. Sales of electrified versions — if they take off — would help GM toward its goal of ending sales of gasoline-powered vehicles by 2035.
Ford's stock jumped 12% Tuesday after it revealed plans to boost production of the electric F-150 pickup, and today rival General Motors will unveil the electric version of the Chevy Silverado pickup.
Why it matters: Pickups' early prominence in the wider EV plans of U.S. auto giants (GM also has an electric Hummer and plans an electric Sierra) signals how the industry sees an opening in the truck market.
Tesla has opened a showroom in China's Xinjiang region, the province where the Chinese government has been accused of carrying out genocide against Uyghur Muslims and other ethnic minorities.
Why it matters: Human rights advocates panned Tesla's decision, which comes weeks after President Biden signed into law a bill banning imports from Xinjiang unless there's "clear and convincing evidence" that they weren't made with forced labor, and imposing sanctions on those responsible for the forced labor.
Ford Motor Co. said on Tuesday that it's doubling production capacity for the forthcoming electric F-150 pickup to 150,000 annually to help meet demand for the vehicle.
Why it matters: Ford's F-series pickups have been the best-selling vehicles in the U.S. for decades, making the electric version a key indicator of whether pickups with a plug will find a mass market.