Nissan Motor is willing to walk away from a deal with Renault SA to re-balance their alliance amid concerns the French carmaker wants to license hundreds of jointly developed patented technologies to other players, including new Chinese partner Geely. While both sides appeared near a final agreement two weeks ago, Nissan’s board and management have … Read more
Apple and Aramco are the world’s top two companies by market capitalization. The combined market cap of Aramco and Apple is six times that of Tesla, at today’s stock price. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Elon Musk, … Read more
After consistent delays over the last few months, Hero has kept up with the festival period launch of it’s much awaited VIDA Electric Scooter. The model is called VIDA V1 and is being offered in two variants – V1 Pro and V1 Plus. Top speed is 80 kmph, running range is indicated at 143 and … Read more
News about Exide looking to set up a plant in Karnataka had originally come up in March 2022. The Company is now projecting to invest Rs 6,000 crore to set up a 12 GWh lithium-ion cell manufacturing unit in this proposed facility over the next 8–10 years. Projected Phase 1 6GWh Investment of Rs 4,000 … Read more
M&M on August 15, 2022 announced the following – Inauguration of EV design studio in UK – Mahindra Advanced Design Europe (M.A.D.E) at Banbury, Oxfordshire. Its primary objective is to conceive the future Mahindra EV portfolio and the advanced vehicle concepts M.A.D.E shares the campus with the Mahindra Formula E team and forms a part … Read more
Putting in big long term targets is in fancy and Vedanta is not the one to be left behind. Addressing shareholders at the company’s 57th AGM, Anil Agarwal, the chairman has set the target of $100 bn, i.e., approx Rs 8 lakh crore revenues by 2030. Company reported revenues of Rs 1.33 lakh crore in … Read more
All Tesla models are equipped with a driver assistance system called Autopilot. The feature enables a car to steer, accelerate, and brake automatically within its lane. The function does not replace the role of a driver, but is intended to make driving easier and cut down on accidents. New Tesla models have eight cameras and … Read more
Macquarie Group, one of the largest foreign infrastructure investors in India, is in talks with commercial investors to raise $205 million to set up an electric vehicle (EV) leasing and finance company, said two people aware of the development. The India-focused e-mobility financing platform will be managed by Macquarie Asset Management, which has assets of … Read more
After Tata Motors doing it last year, M&M going for external fund raise in the EV business was widely expected. The Company has now announced raising Rs 1,925 crore from British International Investment Plc (BII) for the same. BII (formerly CDC Group plc) is the Development Finance Institution of the UK Government and invests between … Read more