The state, he adds, needs to not just focus on greenfield MNC investments, but also brownfield domestic capex. CHENNAI: When Tamil Nadu chief minister M K Stalin met Union minister Piyush Goyal in New Delhi two weeks ago, their discussion centred around textile parks and runaway steel prices. The agenda mirrored the focus of last… Continue reading 1 trillion economy: Tamil Nadu betting big on micro, small, medium enterprises
Author: Economic Times of India Online News
Tesla robots will be worth more than car business: Musk
Tesla Robots Tesla CEO Elon Musk has predicted that robots will soon be worth more than the car business and even the FSD (full-self-driving) programme. At Tesla’s Texas gigafactory opening earlier this month, Musk had said that a new wave of products, like the Optimus robot, will be introduced in 2023. Musk told analysts during… Continue reading Tesla robots will be worth more than car business: Musk
Xpeng CEO warns China automakers face production suspensions in May
Tesla Inc was among the automakers feeling the pain of limits on production. SHANGHAI: Automakers in China may have to suspend production in May if suppliers in Shanghai and surrounding areas are not able to resume work, He Xiaopeng, the chief executive officer of Chinese electric-car maker Xpeng , said on Thursday. Growing lockdowns to… Continue reading Xpeng CEO warns China automakers face production suspensions in May
China EV maker Nio suspends production due to supply chain disruptions
SHANGHAI: Chinese electric vehicle (EV) maker Nio said on Saturday it has suspended production after the country’s measures to contain the recent surge of COVID-19 cases disrupted operations at its suppliers. “Since March, due to reasons to do with the epidemic, the company’s supplier partners in several places including Jilin, Shanghai and Jiangsu suspended production… Continue reading China EV maker Nio suspends production due to supply chain disruptions
Volvo Group expects big impact of Russia-Ukraine war on its finances
About 3% of the Volvo Group’s sales revenue of SEK 372 billion (INR 2.9 lakh crore) was ‘attributable’ to Russia in 2021. New Delhi: The Volvo Group is among the companies which have suspended their operations in Russia since the war on Ukraine started over 40 days ago. As a result, the company expects its… Continue reading Volvo Group expects big impact of Russia-Ukraine war on its finances
Jio-bp and TVS Motor Company to collaborate on EV solutions
Jio-bp is operating its EV charging and swapping stations under the brand Jio-bp pulse. Mumbai: Jio-bp and TVS Motor Company have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country, building on Jio-bp’s growing network in this space. Under this proposed partnership, the customers… Continue reading Jio-bp and TVS Motor Company to collaborate on EV solutions
Russian auto boomtown grinds to halt over Ukraine sanctions
A third, the PSMA Rus plant that is a joint venture between Stellantis and Mitsubishi and employs 2,000, may halt production soon due to a lack of parts, Stellantis’ chief executive said last Thursday. Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of… Continue reading Russian auto boomtown grinds to halt over Ukraine sanctions
EV startup Faraday Future receives SEC subpoena
The startup said on Thursday it would miss the deadline for filing its 2021 annual report with the U.S. securities regulator due to delays caused by the internal investigation. Electric-vehicle startup Faraday Future Intelligent Electric Inc said on Thursday some of its employees, including members of the management team, had received a subpoena from the… Continue reading EV startup Faraday Future receives SEC subpoena
Biden eyes boost to mining of minerals for electric vehicles
USA President Joe Biden WASHINGTON: Facing higher oil prices after Russia’s invasion of Ukraine, President Joe Biden is looking at invoking the Defense Production Act this week to increase the mining of critical minerals for the batteries used in electric vehicles. That’s according to a person familiar with the White House plans who insisted on… Continue reading Biden eyes boost to mining of minerals for electric vehicles
Carrefour plans EV charging stations at French hypermarkets, supermarkets
Carrefour said on Wednesday it aims to install over 700 electric vehicles charging stations and 5,000 charging points at its French hypermarkets and Carrefour Market supermarkets by 2025. Carrefour is joining a host of retailers worldwide such as Starbucks which are banking on the extra service to woo shoppers and also boost their green credentials.… Continue reading Carrefour plans EV charging stations at French hypermarkets, supermarkets