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News Updates - Power Today Magazine

News Updates

Ford to invest $ 11.5 billion in electrification
News
  Oct 01, 2021

Ford to invest $ 11.5 billion in electrification

Teaming with its battery partner, SK Innovation of South Korea, Ford said that it will spend $5.6 billion in Stanton, Tennessee, where it will build a factory to produce electric F-Series pickups.

ICRA sees positive influence of PLI Scheme on auto supply chain
News
  Oct 01, 2021

ICRA sees positive influence of PLI Scheme on auto supply chain

According to ICRA, the Production-Linked Incentive (PLI) scheme of Rs 259.38 billion has the potential to make India an export hub in the global auto supply chain and increase cost competitiveness.

CEAMA sees chip shortage behind delayed launch of new products
News
  Sep 29, 2021

CEAMA sees chip shortage behind delayed launch of new products

The domestic appliances and consumer electronics industry, is facing shortages in components such as semiconductors and chips, said industry body CEAMA.

India in talks with Taiwan over $ 7.5 billion chip plant
News
  Sep 29, 2021

India in talks with Taiwan over $ 7.5 billion chip plant

India and Taiwan are in talks on an agreement that could bring chip manufacturing to South Asia by the end of the year.

Indian auto dealers seek govt help after Ford exit
News
  Sep 28, 2021

Indian auto dealers seek govt help after Ford exit

India's top auto dealers’ group has asked the Indian government to draft rules to safeguard their interests when global automakers decide to leave the market as Ford has said it will do.

Notification issued for PLI Scheme for auto industry
News
  Sep 28, 2021

Notification issued for PLI Scheme for auto industry

The government has issued notification regarding Production Linked Incentive (PLI) Scheme for automobile & auto components.

BASF to step- up recycling operations
News
  Sep 25, 2021

BASF to step- up recycling operations

German chemicals giant BASF said its burgeoning auto battery recycling activities will see further investments to bolster a scarce stream of supplies of metal ingredients for its battery chemicals business.

Global auto industry to loss $210 bn due to chip shortage
News
  Sep 25, 2021

Global auto industry to loss $210 bn due to chip shortage

An ongoing global shortage in semiconductors is on track to cost the world’s automakers $210bn in lost revenue this year, almost double that of previous estimates.

LG acquires Israeli automotive cybersecurity start-up Cybellum
News
  Sep 25, 2021

LG acquires Israeli automotive cybersecurity start-up Cybellum

The South Korean electronics maker has acquired 63.9% share of Israeli automotive cybersecurity startup Cybellum

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