India's EzyFleet Raises INR 32 Million in Seed Funding to Expand EV Fleet

【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。

【DRIVN and Tata Motors Sign MoU to Explore Leasing and Financing Solutions for Electric Commercial Vehicles】 Indian EV leasing platform DRIVN and Tata Motors have signed a memorandum of understanding to explore leasing and financing solutions for electric commercial vehicles in India. Under the agreement, DRIVN will offer customized leasing solutions for Tata Motors' electric commercial vehicle portfolio, aiming to simplify financing and leasing for fleet operators and accelerate the adoption of electric commercial vehicles.

【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.