Representative Image MILAN: Italian utility Enel said on Wednesday it had inked a deal with Weltmeister to develop the Chinese-owned electric car brand’s charging infrastructure globally and help boost exports. Enel X, Enel’s advanced energy services unit, said it would offer smart charging solutions and one-stop after-sales services for Weltmeister products exported to overseas markets.… Continue reading Enel pens deal with China’s Weltmeister to boost electric car exports
Author: Economic Times of India Online News
Kia Motors’ union in S.Korea approves tentative labour deal
Representative Image SEOUL: South Korean workers for Kia Motors Corp have agreed to a freeze in base salary for the first time in 11 years under a preliminary deal with the automaker following 16 rounds of negotiations, a union official said on Tuesday. Instead of a raise in base salary, each unionised worker would receive… Continue reading Kia Motors’ union in S.Korea approves tentative labour deal
VoltUp partners with HPCL for battery swapping centres
The partnership aims at leveraging the countrywide network of HPCL, technological advancements of VoltUp in the field of battery swapping technologies. New Delhi: Electric two and three-wheeler battery swapping solutions start-up VoltUp on Monday said it has partnered with Hindustan Petroleum Corporation Ltd (HPCL) for opening battery swapping centres. The partnership is looking to open… Continue reading VoltUp partners with HPCL for battery swapping centres
Hyundai buys GM’s car plant in Russia’s St. Petersburg
(Representative image) MOSCOW: South-Korean automaker Hyundai Motor has completed the acquisition of a General Motors factory in Russia’s St. Petersburg, Hyundai spokeswoman Yulia Tikhonravova told reporters at an online conference on Tuesday. The GM factory with a capacity of up to 100,000 cars per year was built in Shushary in the suburbs of St. Petersburg… Continue reading Hyundai buys GM’s car plant in Russia’s St. Petersburg
Self-driving startup Ouster nears $1.9 bln deal to go public
Ouster’s management has talked about the broader applications for lidar in areas such as drones, smart cities and robotics, and not just for autonomous vehicles. By Joshua Franklin and Paul LienertOuster Inc, a U.S. startup that makes lidar sensors for self-driving cars and smart cities, is nearing a deal to go public at a roughly… Continue reading Self-driving startup Ouster nears $1.9 bln deal to go public
China search giant Baidu considers making own electric vehicles: sources
BEIJING: China’s Baidu Inc is considering making its own electric vehicles and has held talks with automakers about the possibility, said three people with knowledge of the matter, the latest move in a race among tech firms to develop smart cars. The search engine leader, which also develops autonomous driving technology and internet connectivity infrastructure,… Continue reading China search giant Baidu considers making own electric vehicles: sources
Ola appoints Julien Geffard to lead Europe EV operations
New Delhi: (File photo) Ride hailing major Ola on Friday said it has appointed Julien Geffard as the Director of Go-To-Market Strategy for its electric business in Europe as it prepares to launch its range of electric scooters in Europe in the coming months. In this role, Geffard will be responsible for building and growing… Continue reading Ola appoints Julien Geffard to lead Europe EV operations
M&M ups stake in Finland-based subsidiary
Representative Image New Delhi: Mahindra and Mahindra (M&M) on Wednesday said it has increased stake in its Finland-based arm Sampo Rosenlew Oy to 79.13 per cent with the acquisition of additional 1,050 shares for Rs 31.15 crore. Sampo Rosenlew is a leading player in combine harvesters’ market, well-known for mid-sized combine harvesters in the markets… Continue reading M&M ups stake in Finland-based subsidiary
SheerDrive raises seed round funding from Group Landmark
Representative Image Ahmedabad: SheerDrive, a Mumbai-based digital used-car platform, has successfully closed its seed round funding with Group Landmark, a TPG portfolio company, and India’s leading automobile retail chain with more than 80 facilities across 27 cities. SheerDrive aims to transform and streamline the way pre-owned cars are bought and sold. It offers an online… Continue reading SheerDrive raises seed round funding from Group Landmark
Joby Aviation takes over Uber’s air taxi business, Elevate
Uber in January announced it had partnered with South Korean automaker Hyundai Motor Co to develop electric air taxis as part of its Elevate program. By Tina Bellon and Uday Sampath Kumar – Joby Aviation, an electric passenger aircraft developer, said on Tuesday it would take over Uber Technologies Inc‘s flying taxi unit, Elevate, the… Continue reading Joby Aviation takes over Uber’s air taxi business, Elevate