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Domestic EV market at inflection point, poised for significant growth: Report

The growth is expected to be driven by strong adoption (45 per cent-plus) in both two and three-wheeler categories while four-wheelers (cars) penetration is projected to grow to over 20 per cent, India Electric Vehicle Report 2023 by Bain and Company in collaboration with Blume Ventures stated.
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China EV maker Nio to spin off its battery production unit

The nascent battery unit, led by senior manufacturing engineers whose previous employers include Apple and Panasonic, will seek external investors after the spin-off that could happen as early as the end of this year, with a valuation to be decided later, the people said.
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