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Indonesia plans to construct the world's first fully integrated electric vehicle (EV) battery ecosystem, valued at $6-7 billion, by June 2025. This project will encompass the entire supply chain, from nickel mining to battery cell production, aiming to capture more economic value domestically amid rising global EV demand.However, significant environmental challenges must be addressed, as battery manufacturing is associated with high CO2 emissions and resource-intensive processes. Indonesia's initiative reflects a broader trend among resource-rich nations to retain value-added processes and strengthen their positions in the global battery supply chain.
Tech Mahindra has entered a multi-year partnership with Netherlands-based Hanab to modernize its IT infrastructure. The collaboration aims to streamline operations and implement advanced technologies to support Hanab's growth in energy, utility, connectivity, and building solutions. Financial details of the deal remain undisclosed.
Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has signed a 20-year agreement to purchase power from Constellation Energy's Clinton nuclear plant in Illinois, starting in mid-2027. This deal comes as demand for energy surges due to the rise of artificial intelligence and may lead to the construction of a new reactor at the site. Constellation, the largest nuclear operator in the U.S., has not disclosed financial details of the contract.
Nigerian startup Salpha Energy has secured $1.3 million in funding from All On, a Shell-backed investor, to enhance its local solar assembly facility and expand clean energy access to underserved communities. Founded by Sandra Chukwudozie, the female-led company aims to provide affordable solar solutions while creating local jobs and addressing the energy gap for over 600 million people in sub-Saharan Africa. The investment will support scaling operations and diversifying the product portfolio, reinforcing Salpha's commitment to sustainable energy innovation.
Shares of Applied Digital surged 48% following its announcement of two long-term lease agreements with CoreWeave, projected to generate $7 billion in rental revenue over 15 years. CoreWeave, backed by Nvidia, also saw an 8% increase in its shares. The deal underscores the growing demand for AI infrastructure, with Applied Digital providing 250 megawatts of critical IT load at its Ellendale, North Dakota campus, which can support a total of 400 megawatts.
Nidec has inaugurated a new manufacturing plant in Karnataka's Hubballi with an investment of Rs 600 crore, creating 800 direct jobs. The facility will support the increasing demand in sectors such as electric vehicles, data centres, renewable energy, and battery storage, while enhancing local manufacturing and R&D capabilities.
Tesla is exploring entry into the Indian market but has no plans for local manufacturing, focusing instead on showroom operations, according to Union Minister HD Kumaraswamy. The Indian government is targeting companies like Mercedes Benz, Hyundai, Kia, and Volkswagen to establish manufacturing in the country under a new scheme promoting electric vehicle production. This initiative allows global manufacturers to import electric four-wheelers at a reduced customs duty, provided they invest significantly in India.
Electric two-wheeler registrations increased by 4% month-on-month and 24% year-on-year, reaching 96,114 units in May. While TVS Motor and Bajaj Auto saw growth in e-scooter registrations, Ola Electric and Ather Energy experienced declines. Overall, EV registrations across all segments rose by 5% to 1.87 lakh units from 1.78 lakh in April.
[Source]
Tesla is unlikely to manufacture electric vehicles in India soon, as the company focuses on selling imported cars due to high import tariffs and regulatory challenges. Despite a revised EV policy reducing import duties for local production, Tesla has not made official commitments to manufacturing, while other automakers show interest in the Indian market. The price sensitivity of Indian consumers further complicates Tesla's entry, as its models are positioned in the luxury segment, which constitutes a small portion of the market.
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Indonesia plans seven billion dollar electric vehicle battery ecosystem by 2025
01:39 04.06.2025
Tech Mahindra partners with Hanab for IT infrastructure modernization in Europe
17:27 03.06.2025
Meta signs 20-year nuclear power deal with Constellation Energy for AI growth
13:35 03.06.2025
Salpha Energy secures 1.3 million dollars to expand solar assembly in Nigeria
11:00 03.06.2025
applied digital shares soar after coreweave signs major data center lease
10:10 03.06.2025
Nidec inaugurates 600 crore manufacturing plant in Karnataka creating 800 jobs
19:25 02.06.2025
Tesla explores Indian market but no plans for local manufacturing
14:15 02.06.2025
TVS leads electric two-wheeler market as Bajaj surpasses Ola Electric
12:56 02.06.2025
India launches new electric vehicle import policy to boost local manufacturing
11:40 02.06.2025
Tesla delays India manufacturing plans amid regulatory and market challenges
11:00 02.06.2025
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