Apple has reportedly hired another top Tesla executive. Apple has reportedly hired another top Tesla executive. According to a report in Bloomberg News, the company has hired Christopher ‘CJ’ Moore who’s been the director for Tesla’s Autopilot Software since 2019. Apple is widely speculated to be working on self-driving car. The project is codenamed Project… Continue reading Apple hires top Tesla exec who apparently ‘disagreed’ with CEO Elon Musk
Author: Economic Times of India Online News
Greaves Electric Mobility sells over 7,500 units in October
Greaves Electric Mobility New Delhi: Greaves Electric Mobility, the e-mobility arm of Greaves Cotton Limited, on Monday said it sold over 7,500 units in October. However, the company did not break down the sales number to specify the number of two wheelers and three wheelers sold. During August this year, it said it had sold… Continue reading Greaves Electric Mobility sells over 7,500 units in October
UK’s Connected Kerb targets 190,000 on-street EV chargers by 2030
Connected Kerb uses long-term contracts spanning 15 to 25 years, financed by large infrastructure banks and groups like infrastructure investor Equitix. LONDON – Charging infrastructure company Connected Kerb said on Monday it plans to install 190,000 on-street public chargers in the UK by 2030, requiring up to 1.9 billion pounds ($2.55 billion) in investment, as… Continue reading UK’s Connected Kerb targets 190,000 on-street EV chargers by 2030
KKR invests $2 billion in South Korean energy firm SK E&S
SK Group conglomerate member SK E&S will use the funding to accelerate its growth, KKR said adding the investment was made from its Asia Pacific infrastructure fund. Investment firm KKR & Co Inc said on Friday it had bought 2.4 trillion won ($2 billion) worth of newly issued redeemable convertible preferred shares of South Korean… Continue reading KKR invests $2 billion in South Korean energy firm SK E&S
Supply chain disruption: Is the worst over?
Supply chain glitches dominated the latest company earnings season, with mentions of the issues by chief executives jumping 412% from last year, according to a BofA tally. As companies, investors and policymakers fret over port logjams, freight costs and chip shortages, some indicators are starting to signal that global supply chain stress may be on… Continue reading Supply chain disruption: Is the worst over?
Chip shortage throttles German car sales in October
Almost 178,700 new cars were registered in Germany in October, 34.9 percent fewer than in the same month last year, the KBA federal transport authority said in a statement. German car sales fell sharply in October for the fourth month in a row, data published Wednesday showed, as the global shortage in semiconductors continued to… Continue reading Chip shortage throttles German car sales in October
Subsidy limit for first 1,000 e-cars reached, says Gahlot
New Delhi: Transport minister Kailash Gahlot on Wednesday said since the launch of Delhi government’s Electric Vehicle (EV) policy in August last year, the first 1,000 electric cars registered in Delhi had been provided subsidy and more than Rs10 crore disbursed to 700 e-cars already. The share of electric cars in annual car sales was… Continue reading Subsidy limit for first 1,000 e-cars reached, says Gahlot
EV maker Bedeo acquires Protean from Evergrande’s auto unit
UK-based e-mobility firm Bedeo said on Thursday it has acquired Protean Electric from China Evergrande Group‘s automotive unit. Bedeo is buying Protean from National Electric Vehicle Sweden, a unit of Evergrande New Energy Vehicle Group. Evergrande bought Protean, that produces in-wheel motors, in 2019. Bedeo did not disclose the financial terms of the deal, which… Continue reading EV maker Bedeo acquires Protean from Evergrande’s auto unit
Toyota ranked one of worst major automakers for emissions efforts
“Toyota, the world’s number-one car seller last year, is the most stubborn in holding onto internal combustion engines,” said Ada Kong, senior project manager of the auto industry campaign at Greenpeace East Asia. The world’s top-selling carmaker Toyota has come joint last in a Greenpeace ranking of carbon emission efforts by auto firms, according to… Continue reading Toyota ranked one of worst major automakers for emissions efforts
China cuts down magnesium production, disrupts Europe’s car industry
Both Germany and Italy are Europe’s leading car manufacturers and their concern about the knock-on effect on car production is but natural. China has built a monopoly on the global supply of magnesium in the last two decades and they have managed to overcome their European rivals by engaging in large-scale dumping. POREG (Policy Research… Continue reading China cuts down magnesium production, disrupts Europe’s car industry