Anand Gopal Mahindra, chairman of Mahindra Group (Left) and Mukesh Dhirubhai Ambani, chairman of Reliance Industries Ltd (Right) In a major collaboration with wide ranging possibilities in electric mobility, Reliance BP Mobility Limited (RBML) under the brand name Jio-bp and Mahindra Group on Tuesday announced a non-binding MoU to explore creation of EV products and… Continue reading Mahindra Group and Reliance join hands for EV and low-carbon solutions
Author: Economic Times of India Online News
BP buys EV charging provider AMPLY in green energy push
Under the terms of the agreement, AMPLY Power will continue to operate independently as part of BP’s global portfolio of businesses. Oil and gas major BP Plc said on Tuesday it had bought U.S. electric vehicle charging provider AMPLY Power for an undisclosed sum, stepping up efforts to cut emissions and focus on cleaner energy.… Continue reading BP buys EV charging provider AMPLY in green energy push
Musk hiring engineers to solve problems that affects people’s lives
“As always, Tesla is looking for hardcore AI engineers who care about solving problems that directly affect people’s lives in a major way,” Musk tweeted along with a link to apply for the job. San Francisco: Tesla founder and CEO Elon Musk on Monday tweeted that he is hiring Artificial Intelligence (AI) engineers who are… Continue reading Musk hiring engineers to solve problems that affects people’s lives
Honda Motor sets up battery sharing subsidiary in India
Electric car lithium battery pack and power connections. (Representative Image) New Delhi: Japanese auto major Honda Motor Co on Thursday said it has set up a battery sharing service subsidiary in India with a capital of Rs 135 crore. The new subsidiary, Honda Power Pack Energy India Pvt Ltd, will offer battery sharing service for… Continue reading Honda Motor sets up battery sharing subsidiary in India
India, EU decide to expand clean energy cooperation
The Ministry of External Affairs (MEA) said the panel agreed on a detailed work programme until 2023 to implement clean energy and climate partnership that was agreed in 2016 New Delhi: India and the European Union have vowed to scale up cooperation in areas of clean energy with a focus on offshore wind, green hydrogen… Continue reading India, EU decide to expand clean energy cooperation
Stellantis CEO says EV cost burden is ‘beyond the limits’ for automakers
Stellantis NV Chief Executive Carlos Tavares Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up the transition to electric vehicles,… Continue reading Stellantis CEO says EV cost burden is ‘beyond the limits’ for automakers
LG Energy Solution receives preliminary approval for its IPO
The company mandated KB Securities and Morgan Stanley to lead the proposed deal. South Korea’s LG Energy Solution (LGES) has received preliminary approval for its initial public offering, the Korea Exchange said on Tuesday. LGES, LG Chem Ltd‘s wholly owned battery subsidiary which supplies Tesla Inc, General Motor Co and Hyundai Motor Co among others,… Continue reading LG Energy Solution receives preliminary approval for its IPO
Azure Power, 3 others looking to bid for Actis-owned Sprng Energy
Actis had invested $450 million to set up Sprng Energy in March 2017 with a plan to develop an India-focused renewable energy portfolio of assets. NYSE-listed Azure Power, Macquarie, KKRand ReNew Power are among players weighing a bid for private equity firm Actis-owned renewable energy company, SprngEnergy, according to multiple people aware of the matter.… Continue reading Azure Power, 3 others looking to bid for Actis-owned Sprng Energy
German car goals not tough enough to protect climate, NGOs say
A commitment to meet the EU’s proposal for an effective ban on carbon-emitting cars by 2035 ‘earlier’ was seen as too vague. Environmental groups hoping for more radical action to promote electric vehicles were disappointed at Germany’s new coalition agreement, saying it falls short of what was needed to meet climate goals. The agreement by… Continue reading German car goals not tough enough to protect climate, NGOs say
LG names new CEO to tap new biz opportunities
LG Electronics said the recall of General Motor’s Bolt electric vehicles hurt its bottom line. LG Electronics said on Thursday it promoted its chief strategy officer to its new CEO to nurture new business opportunities and focus on digital transformation. The company said its current Chief Strategy Officer Cho Joo-wan will assume the top post… Continue reading LG names new CEO to tap new biz opportunities