Maniv said it would continue to invest in startups that focus on data and connectivity, digital and electric mobility platforms, autonomous and autonomous-enabling technologies. JERUSALEM: Israel’s Maniv Mobility said on Tuesday it closed its second venture fund with $100 million that includes commitments from 12 companies in the automotive and transportation sectors. Among the investors… Continue reading Israel’s Maniv Mobility raises $100 mln for second venture fund
Author: Economic Times of India Online News
European Union aims to be self-sufficient in EV battery manufacturing
The EU has joined hands with manufacturers, development banks and commercial lenders to create an ecosystem to invest $113 billion for the lithium-ion battery pack production to power EVs. New Delhi: European Union is planning to become self-sufficient when it comes to battery production for the electric vehicles. The EU has already joined hands with… Continue reading European Union aims to be self-sufficient in EV battery manufacturing
Tata Motors to lead transition towards electric mobility: N Chandrasekaran
Chandrasekaran added that Indian auto market is expected to emerge as the world’s third largest passenger vehicle market by 2021, driven by the underlying economic growth, increasing consumption demand and mass urbanisation. NEW DELHI: Tata Motors is committed to leading the transition towards electric mobility in the country and it looks to closely work with… Continue reading Tata Motors to lead transition towards electric mobility: N Chandrasekaran
Baidu partners with Geely for intelligent mobility solutions
The Chinese automaker revealed that its fleet of 300 L4 autonomous vehicles across 13 cities in China had recently surpassed a milestone of 2 million kilometer distance driven in urban road environments. New Delhi: Baidu has joined hands with Geely to develop intelligent mobility solutions that include connected car technology. Under their partnership, the Geely… Continue reading Baidu partners with Geely for intelligent mobility solutions
EV charging stations will get to choose infrastructure technology
The infrastructure guidelines require one charging station to be set up every three km in cities and every 25 km on both sides of highways. NEW DELHI: The government has decided to modify the guidelines for electric vehicle charging stations to give developers a freehand to choose the infrastructure technology to install, officials said. Existing… Continue reading EV charging stations will get to choose infrastructure technology
MG Motor partners with Fortum to launch EV charging stations in India
These public smart charging stations can be accessed by an EV owner, having cars compatible with CCS/CHAdeMO charging standards. New Delhi: MG Motor India has joined hands with the Finland based company Fortum Charge & Drive India to set up 50 kW DC fast charging stations for the electric vehicles. Under this partnership, Fortum will… Continue reading MG Motor partners with Fortum to launch EV charging stations in India
Majority of millennials in India questioning need to own vehicle: Deloitte
“Shared mobility is another trend which is gaining momentum in India. The report uncovers a clear generational divide when it comes to shared mobility,” Deloitte said. New Delhi: As shared mobility gains traction in India, 51 per cent of millennials are questioning the need to own a vehicle, according to a global study by Deloitte.… Continue reading Majority of millennials in India questioning need to own vehicle: Deloitte
All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty
By Chris Reiter Dealing with the responsibility and jealousy from inheriting wealth is a misunderstood burden, according to Susanne Klatten and Stefan Quandt, the billionaire siblings who together own almost half of BMW AG. “Many believe that we are permanently sitting around on a yacht in the Mediterranean,” Klatten told Manager Magazin in a rare… Continue reading All that glitters is not gold: BMW heirs reveal that being a guardian of wealth isn’t that pretty
French auto giant PSA opens factory in Morocco
PSA’s French rival Renault moved into Morocco in 2012, opening its largest car assembly plant in Africa and creating 7,000 people. Kenitra: French automotive giant PSA on Thursday opened a factory in Morocco to assemble 100,000 cars per year as it seeks to double sales in the Middle East and Africa region. The factory, launched… Continue reading French auto giant PSA opens factory in Morocco
Moody’s downgrades Tata Motors ratings with outlook negative
Moody’s Investors Service also said the outlook on Tata Motors remains negative. New Delhi: Ratings agency Moody’s Thursday downgraded Tata Motors‘ corporate family rating (CFR) and senior unsecured instruments rating, citing sustained deterioration in the company’s credit profile mainly on account of its British arm Jaguar Land Rover‘s weak performances. Moody’s Investors Service also said… Continue reading Moody’s downgrades Tata Motors ratings with outlook negative