China’s Contemporary Amperex Technology Co., or CATL, the world’s largest battery manufacturer, unveiled its latest product in July — a sodium-ion battery. Done right, this technology could lead to widespread adoption in a market largely dependent on subsidies and where EV sales are still a fraction of all cars. Key points in this regard – … Read more
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
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
Jeff Bezos and Bill Gates are backers of the mineral exploration startup KoBold Metals. KoBold’s CEO told Insider that a new partnership with BHP would hunt for metals used in EVs. The partnership could eventually source metals for Tesla vehicles, House said. See more stories on Insider’s business page. An artificial intelligence startup backed by … Read more
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
Exide has informed that the Company is evaluating foray into lithium-ion (li-ion) cell manufacturing and is details on Govt’s recently announced Production Linked Incentive (PLI) scheme for such batteries. The scheme’s outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced … Read more
Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more
It’s important to start by mentioning that Suzuki and Toyota have been working together on various business initiatives since 2016 and later in 2019 also entered into capital alliance whereby both acquired small shareholding into each other. In Auto industry (especially cars) it’s common for companies enter into such arrangements. Skoda and Volkswagen, Renault and … Read more
Last year i.e., 2020, at its annual general meeting, Tata Motors had announced its aim to become a debt free company within the next three years. Timelines seems to have shifted by a year. However, given Covid related disruptions, it’s still acceptable. For reference, the Company reported a Gross debt of Rs 1,50,211 crore and … Read more