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Monday, March 2, 2026

Tag: electric vehicle components

Tesla Co-founder’s Redwood Materials Hits $6B Valuation with Google Backing

Redwood Materials, founded by Tesla's JB Straubel, secures $1 billion from investors including Google, fueling its battery recycling and EV component expansion.

India Approves ₹7,280 Crore Scheme for Rare Earth Magnet Manufacturing

Cabinet approves landmark scheme to establish India's first integrated rare earth permanent magnet manufacturing, reducing imports and boosting electric vehicle and renewable energy sectors.

BYD Recalls 115,000 EVs in China Over Critical Component Defects

World's largest EV maker recalls vehicles due to faulty motor controllers and battery waterproofing issues amid sales decline and market challenges.