This battery idea from 1970s could help EVs take lead in auto industry

There’s no shortage of excitement for electric vehicle battery startups or multibillion dollar investments in the industry, as companies, backers and scientists look for the winning play. China, though, is already moving on to the next leg in the race — one that isn’t dependent on a big, bold breakthrough — with sodium-ion batteries. Done … Read more

Kinetic Engineering ventures into EV kits business

Some key points for easy reference – Kinetic Engineering (KE) founded in 1972 is the same Company that had launched Luna Moped in 1975. It also had partnered (JV) with Honda and launched the famous Kinetic Honda Scooter in 1980s (was subsequently sold to Mahindra in 2008 who later wound it up). A company with … Read more

Hero Motors aims to treble exports, int’l revenue to Rs 3,000 cr by FY24

HMC (Hero Motors Company) Group is aiming to treble its exports and international revenue to Rs 3,000 crore by FY24, driven by high growth in the European and American markets. The group is set to cross Rs 1,000 crore in exports and international revenue this financial year, backed by strong global demand for bicycles, e-bikes … Read more

Daimler CEO says carmakers could face chip shortage into 2023

By Ilona Wissenbach and Nick Carey MUNICH (Reuters) – Soaring demand for semiconductor chips means the auto industry could struggle to source enough of them throughout next year and into 2023, though the shortage should be less severe by then, Daimler AG’s CEO said on Sunday. Carmakers, forced by the COVID-19 pandemic to shut down … Read more