DRIVN and Tata Motors Sign MoU to Explore Leasing and Financing Solutions for Electric Commercial Vehicles

【Tengyuan Cobalt's H1 Net Profit Rises 87.82%, Black Mass Feed Intake Up 94.22%】 Tengyuan Cobalt reported operating revenue of RMB 6.089 billion in the first half of 2026, up 72.36% year-on-year, while net profit attributable to shareholders rose 87.82% to RMB 881 million. During the period, black mass feed intake at its Ganzhou facility increased 94.22% year-on-year, with significant growth in recovered cobalt, nickel and lithium output. The company's annual black mass processing capacity has reached 50,000 tonnes, supporting its integrated recycling, purification and battery-materials value chain。

【India's EzyFleet Raises INR 32 Million in Seed Funding to Expand EV Fleet】 Mumbai-based electric fleet management company EzyFleet has raised INR 32 million in seed funding from Canada-based investment firm Saffron Maple Ventures. The company currently operates more than 150 electric three-wheelers and four-wheelers across 10 cities in India. The funding will be used to expand its EV fleet, geographic presence and operations.

【VinFast India Signs MoU with Federal Bank to Provide Inventory Financing for Dealers】 VinFast India has signed a memorandum of understanding with Federal Bank to provide customized inventory financing solutions for its dealer network, helping dealers optimize working capital and manage vehicle inventory. VinFast recently opened its 60th dealership in India and plans to expand its nationwide network to 75 dealerships by the end of 2026.