Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of Reliance Industries is acquiring 100% of Faradion Limited (FL), a British battery maker specialising in sodium-ion technology. Key points to note – RNESL is investing 125 mn pounds in the transaction – 100 mn pounds for 100% acquisition of FL and balance 25 mn … Read more
Mercedes-Benz took the wraps off of a striking electric concept car on Monday. Meet the Vision EQXX. Mercedes-Benz Vision EQXX. Mercedes-Benz You probably won’t be able to buy a Merc exactly like the Vision EQXX anytime soon. But some of the advancements Mercedes developed here could make their way into your future electric Benz. Mercedes-Benz … Read more
The Company announced plans to invest in InoBat Auto (IA), a Slovakia based start-up focused on research and development of batteries for electric vehicles and production of lithium-ion battery cells as well as tailored and customs cells. Key points to note – IA was founded in 2019 and it’s 1st funding was a Euro 5 … Read more
Ola Electric Mobility Pvt., the Indian startup that’s pledged to build the world’s biggest electric scooter factory, doled out a handful of brightly-hued bikes earlier this month, complete with drummers and a saxophonist to mark the occasion. Founder Bhavish Aggarwal came to thank some 100 customers who brought along family and friends. But beyond the … Read more
The announcement was widely expected. Earlier in September 2021, Company had already informed that it’s exploring such possibility. Besides the Company is also into consolidation mode and had recently decided to sell the non core HDFC Life. On the subject, Company has announced – “We have now planned to setup a multi-gigawatt lithium-ion cell manufacturing … Read more
Elon Musk, the world’s richest person and chief executive officer of Tesla Inc., said on Twitter that he’ll pay more than $11 billion( ₹85,000 crore) in taxes this year, an amount that could constitute a record payment to the U.S. Internal Revenue Service. The billionaire may face a tax bill of more than $10 billion … Read more
Toyota said it wanted all models in its upscale Lexus brand to be electric by 2030 in the U.S., China and Europe. And it showed off more than a dozen of the 30 EV models it intends to have on sale by that year. Still, it cautioned that many of its customers, especially in the … Read more
TVS Motor and BMW Motorrad have announced the expansion of their cooperation agreement for future technologies and electric vehicles. Key points to note – In simple terms, for now it means they will co develop the electric vehicles (EVs). The 1st product through this new announcement is targeted to be ‘showcased’ in the next 24 … Read more