Lev Manufacturing News Today

The proposed bill by Republicans to eliminate the EV tax credit within the Inflation Reduction Act has raised concerns about the future of EV manufacturing in the United States.

Germany-based Schaeffler's $230M investment in facilities at Dover and Wooster will create a total of 650 EV industry jobs in Ohio by 2032. 

EV Manufacturing In India: The collective wisdom at the Global Summit and Exhibition on EVs organised by ACMA in New Delhi painted a comprehensive picture of Indias evolving EV landscape and global prominence, highlighted achievements, challenges and the collaborative efforts required for the nation to emerge as a global hub for electric vehicle manufacturing and the global charge to sustainable mobility.

Vietnam's leading electric vehicle manufacturer, VinFast on Sunday (25 February) asked the government to reduce import duties on its cars for about two years, so that potential customers get familiar with its products while a local manufacturing plant comes on-stream

EV Boom: India’s electric vehicle (EV) revolution has triggered a hiring boom in Chennai. Top vehicle makers are investing in R&D, material and data science, mechatronics, battery designing, and robotics programming.

Malaysia aims to attract more electric vehicle (EV) manufacturers as it is striving to establish itself as an EV manufacturing hub for the Association of Southeast Asian Nations (ASEAN), an official has said.

JSW Group has recently signed an agreement with the Odisha government to establish an integrated electric vehicle and battery manufacturing project in Cuttack and Paradip

Gujarats EV ecosystem is expanding owing to investments in manufacturing, charging infrastructure, and battery technology. MG Motors, Maruti Suzuki, and Tata Motors has set up their plants in the state. Besides, public charging stations have also increased to over 600. Many startups are also contributing to the EV ecosystem of the state.

The manufacturing facility will also help create over 11,000 jobs.

The shares of multibagger Gensol Engineering are up by 34 percent on year-to-date basis. In the past one year the Gensol Engineering shares are up by more than 241 percent.