LG also said, “LG’s cost of about 1.4 trillion won was reasonably estimated and calculated by assuming possible situations at this point based on the agreement with GM,” and that, “I think the additional provision will be very limited. Seoul: LG Electronics and LG Energy Solution announced on the 13th that they will cost 1.4… Continue reading LG has to pay "1.4 trillion won instead of 2.3 trillion won for GM recall"
Author: Economic Times of India Online News
Tata Power looking to raise $500 million for renewables unit
Tata Power Tata Power is in talks with large pension and sovereign asset managers, including Canada Pension Plan Invest Board (CPPIB) and Government of Singapore Investment Corp. (GIC), to raise at least $500 million ahead of a planned initial public offering (IPO) by its renewable energy unit. Negotiations are entering the formal stage just after… Continue reading Tata Power looking to raise $500 million for renewables unit
Russia firm to supply steel for US hyperloop project
The “hyperloop” technology aims to transport people in train-like “pods” through low-pressure tubes that would reduce atmospheric friction, allowing travel at nearly the speed of sound. Moscow -Russian metals company Severstal announced Thursday a deal to supply steel for Hyperloop Transportation Technologies, a US firm developing ultra-fast trains billed as the future of public transport.… Continue reading Russia firm to supply steel for US hyperloop project
S.African engineering union rejects new wage offer, strike continues
CAPE TOWN – South Africa’s biggest engineering union has rejected a new wage offer as a strike that has already hit output at carmaker BMW enters its second week and threatens more assembly lines, industry officials said on Thursday. The National Union of Metalworkers of South Africa (NUMSA), which has around 155,000 members in the… Continue reading S.African engineering union rejects new wage offer, strike continues
Interest of dealers not independent of vehicle manufacturer: SC
“The interest of the dealers is not independent of the vehicle manufacturer,” Supreme Court said. The Supreme Court has set aside an order of the National Consumer Disputes Redressal Commission (NCDRC), which directed a car dealer to pay Rs 7.43 lakh compensation for deficiency of service over a misleading advertisement, saying the interest of the… Continue reading Interest of dealers not independent of vehicle manufacturer: SC
Opinion: How Gujarat policy can drive EV adoption by the end-users
Transitioning from fossil-fuel driven ICE vehicles to EVs is essential to prevent the worst effects of climate change across India. By HM Shivanand Swamy and Nitish Arora International experience shows that states and provinces can lead the global transition to electric vehicles (EVs). Quebec announced its plan to ban the sale of new gasoline vehicles… Continue reading Opinion: How Gujarat policy can drive EV adoption by the end-users
Ford Motor Co no longer has Rivian board representative
DETROIT – Ford Motor Co, which has repeatedly touted its strategic relationship with electric vehicle maker Rivian, no longer has a representative on the startup’s board of directors ahead of its going public. While an announcement was never made, Ford executive Alexandra Ford English left the Rivian board in May according to documents Rivian made… Continue reading Ford Motor Co no longer has Rivian board representative
Mumbai-based startup Earth Energy EV appoints distributors in 10 states
Earth Energy vehicles are compliant with all public charging stations being set up by both the government and the private players. New Delhi: Mumbai-based startup Earth Energy EV on Wednesday said it has appointed distributors across 10 states, Maharashtra, Gujarat, Karnataka, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Orissa, and claims to… Continue reading Mumbai-based startup Earth Energy EV appoints distributors in 10 states
World must triple clean energy investment by 2030 to curb climate change
“Clear signals and direction from policy makers are essential. If the road ahead is paved only with good intentions, then it will be a bumpy ride indeed,” it added. Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy… Continue reading World must triple clean energy investment by 2030 to curb climate change
ReNew expects to commission 10.2 GW renewable energy capacity by FY23
Renewable energy firm ReNew Power Renewable energy firm ReNew Power is looking to commission its 10.2 gigawatt (GW) capacity by financial year 2022-23. In a statement on Tuesday, ReNew said it also expects to generate an annual EBITDA (earnings before interest, taxes, depreciation, and amortization) of USD 1.1-1.2 billion with the commissioning of the 10.2… Continue reading ReNew expects to commission 10.2 GW renewable energy capacity by FY23