The center of gravity for U.S. auto manufacturing is moving south, with electric vehicle and battery makers planning to spend nearly $24 billion in new factories from Arizona to Georgia. Already announced are the following plants and investments: ARIZONA Startup Lucid Motors has just opened a $300 million assembly plant for electric vehicles in Casa… Continue reading EV and battery makers target $24 billion for southern U.S. plants
Author: Economic Times of India Online News
Need to re-negotiate FTA with ASEAN to stop misuse by third parties: Piyush Goyal
Commerce and industry minister Piyush Goyal Commerce and industry minister Piyush Goyal on Friday called for a renegotiation of the India-ASEAN free trade agreement (FTA) to prevent its misuse by third parties and pushed for a removal of trade and non-tariff barriers that have hurt Indian exports. ASEAN or Association of Southeast Asian Nations comprises… Continue reading Need to re-negotiate FTA with ASEAN to stop misuse by third parties: Piyush Goyal
German union criticizes Stellantis over use of furlough scheme at Opel plant
Union officials fear that Opel, which is bound by an agreement struck last year not to make any workers in Germany redundant until 2025, is placing Eisenach workers on furlough as a temporary fix that could evolve into a longer-term shutdown. Workers at Opel’s Eisenach plant, which was shut down last week until the end… Continue reading German union criticizes Stellantis over use of furlough scheme at Opel plant
Tata Power plans big, aims for 10,000 charging stations in 5 years
As of now, Tata Power has set up 961 charging stations in the country. There are currently over 70,000 fuel pumps in India that form the foundation of the country’s mobility sector. In a not too distant future when vehicles would run on electricity, how many charging stations would India need? There is no clear… Continue reading Tata Power plans big, aims for 10,000 charging stations in 5 years
EO Charging Unveils Complete Electric Vehicle Fleet Charging Ecosystem
From design to deployment, EO’s fleet solution includes everything a business or government needs to electrify vehicle fleets at scale and at pace. LONDON: EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle (“EV”) fleets, has unveiled its fleet EV charging ecosystem, the most complete charging infrastructure offering available for car,… Continue reading EO Charging Unveils Complete Electric Vehicle Fleet Charging Ecosystem
Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal
The investors said Musk, one of the world’s richest people, could also repay the value of the stock to the company. A Delaware judge should order Elon Musk to repay $9.4 billion to Tesla Inc for the benefits he received by pushing the electric vehicle maker in 2016 to buy an ailing solar company he… Continue reading Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal
Workhorse Group CFO, COO exit in rejig at EV company
Electric vehicle maker Workhorse Group said on Thursday two of its top executives, including finance chief Steve Schrader, had left the company and that it had hired new people as part of a management rejig to underpin its commercial goals. The changes signal Workhorse is undergoing a broader management shakeup after Richard Dauch took the… Continue reading Workhorse Group CFO, COO exit in rejig at EV company
Union jobs? Ford’s plan for new EV factories raises question
The new factories represent an $11.4 billion bet by Ford on a vision for the future in which tens of millions of drivers will shift from pollution-belching internal combustion engines to EVs. NASHVILLE: Ford‘s blockbuster announcement this week that it would build four sprawling new factories in Kentucky and Tennessee by 2025 and hire nearly… Continue reading Union jobs? Ford’s plan for new EV factories raises question
TotalEnergies, Air Liquide and Vinci launch clean hydrogen infrastructure fund
Total Energies wants to be a pioneer in its mass production PARIS: French companies TotalEnergies , Air Liquide and Vinci announced the launch of what they said would be the world’s largest clean hydrogen infrastructure fund, as companies increase their presence in the green energy sector. The companies said this fund aimed to reach 1.5… Continue reading TotalEnergies, Air Liquide and Vinci launch clean hydrogen infrastructure fund
Production begins at new Alabama auto plant; hiring ongoing
The joint venture said it was in the middle of hiring another 1,700 workers and anticipates reaching up to 4,000 employees once production is in full operation next year. HUNTSVILLE,Alabama: Production has begun at a new auto plant in north Alabama and the companies running the facility continue to hire workers at a brisk pace.… Continue reading Production begins at new Alabama auto plant; hiring ongoing