News Feb 02, 2022 Stellantis to acquire majority stake in JV with GAC, China Stellantis N.V. has announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%.
News Jan 28, 2022 Reliance eyes sodium ion battery market with Faradion buy Reliance New Energy Solar Ltd (RNESL), subsidiary of Reliance Industries Ltd (Reliance), has signed agreements to acquire 100% shareholding in Faradion Limited (Faradion) for a value of Pound 100 million.
News Jan 28, 2022 Tube Investments to put in Rs 3.5 billion in EV venture Tube Investments of India (TII), part of the Murugappa group, announced its plans to form a subsidiary to carry on the proposed electric three-wheeler venture and other EV-related projects.
News Jan 24, 2022 Balu Forge buys precision machining unit of Mercedes Benz Truck Factory in Germany Balu Forge Industries Ltd (BFIL) has recently acquired the Precision Machining unit of the Mercedes Benz Truck Factory in Mannheim, Germany.
News Jan 19, 2022 Auto component maker ZF launches CV solutions German auto component company ZF announced the start of its new commercial vehicle (CV) solutions division.
News Jan 13, 2022 Taiwanese machine tool maker expects good growth due to EV boom The machine tool industry has a historic chance of growth due to the shift to electric vehicles and demand for localised manufacturing, as per the head of the biggest Taiwanese machine tool company.
News Dec 09, 2021 European auto suppliers warn of massive job loss due to EV switchover Half a million jobs would be at risk under EU plans to effectively ban combustion-engine cars by 2035, according to European auto suppliers.
News Dec 03, 2021 Automakers face low sales across most segments in November Automakers declared muted sales in November across most segments. The numbers were disappointing because it is considered a month of high demand and auto companies generate most of their yearly sales.
News Dec 03, 2021 Automakers need to work closely with lithium producers: Experts Albemarle Corp and Livent Corp executives advised automakers to work with lithium producers to ensure that they provide specialised forms of the white metal that enhance an electrical car’s efficiency.