Becky Roof Electric vehicle firm Faraday Future Intelligent Electric Inc said on Tuesday it appointed Becky Roof as interim chief financial officer. Roof, who serves as managing director with consulting firm AlixPartners, will be replacing Walter McBride, who stepped down due to health reasons, the company said in a statement. McBride was appointed as CFO… Continue reading EV firm Faraday Future appoints AlixPartners’ Becky Roof as interim CFO
Author: Economic Times of India Online News
Rivian ‘making progress’ on production ramp-up, sets market share goal
Rivian shares closed up 10.7%. By Ben Klayman DETROIT: Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant and is aiming to take 10% share in the EV market by 2030, Chief Executive R.J. Scaringe said on Thursday. “We’re absolutely making progress,” he said during… Continue reading Rivian ‘making progress’ on production ramp-up, sets market share goal
Aditya Thackeray launches special cell dedicated to Electrical Vehicles in Mumbai
The ‘Mumbai EV Cell’ has been launched in collaboration with a company called WRI India. Mumbai: Maharashtra Cabinet Minister Aditya Thackeray on Wednesday launched a special cell under Brihanmumbai Municipal Corporation (BMC) dedicated to accelerate Electrical Vehicles’ ‘transition and adoption’ in Mumbai. The ‘Mumbai EV Cell‘ has been launched in collaboration with a company called… Continue reading Aditya Thackeray launches special cell dedicated to Electrical Vehicles in Mumbai
‘The global market space has immense opportunities for energy storage in the stationary space’
Energy storage is the hot-buzzword today but around five years ago, when the journey started, it was an untapped area. Offgrid Energy Labs, backed by Shell, Ankur Capital and APVC Singapore, is a deep-science-technology led startup founded out of IIT- Kanpur around four years ago. The company that has been honing this technology with a… Continue reading ‘The global market space has immense opportunities for energy storage in the stationary space’
S Korea’s automobile production, exports and sales decrease in January
Exports exceed $4 billion for three consecutive months with strong sales of eco-friendly vehicles. Seoul: South Korea’s automobile production, exports and sales all decreased last month due to suspension of operation at some factories and global automotive chip shortages. However, exports exceed $4 billion for three consecutive months with strong sales of eco-friendly vehicles. According… Continue reading S Korea’s automobile production, exports and sales decrease in January
Start-up firm Automovill launches accidental claims app to reduce cost
Mobility start-up Automovill has introduced a mobile application for registration and processing of accidental claims for all motor insurance agents and brokers across the country, an official said on Tuesday. The objective of the initiative is to reduce claim costs by bringing more efficiency into the system for all stakeholders, including insurance companies and their… Continue reading Start-up firm Automovill launches accidental claims app to reduce cost
Auto-nomous mode!
The industry needs to call a spade a spade. Instead, it decides to call it a shovel. It has built a narrative on its current state of health which is inexplicably optimistic and effervescent. By Avik Chattopadhyay The post-budget television discussions this year had one interesting departure from the previous ones – most news channels… Continue reading Auto-nomous mode!
Eni signs deals with 19 companies for carbon storage in UK project
Eni is investing in carbon capture and storage businesses as part of its drive to be carbon neutral by 2050. MILAN: Italian energy group Eni said it had signed a total of 19 agreements with companies to capture and store their carbon emissions as part of its HyNet North West project in the UK. Eni… Continue reading Eni signs deals with 19 companies for carbon storage in UK project
U.S. to detail USD 5 billion plan to fund EV charging network
By 2030, Biden wants 50% of all new vehicles sold to be electric or plug-in hybrid electric models and 500,000 new EV charging stations; he has not endorsed phasing out new gasoline-powered vehicle sales by 2030. The Biden administration on Thursday plans to detail how it will award nearly $5 billion over five years to… Continue reading U.S. to detail USD 5 billion plan to fund EV charging network
Foxconn to start $8 billion investment in Indonesia EV sector in Q3
The firm last month said it would partner with Indonesia’s investment ministry and other companies for a wide scope of investment on EVs, including battery manufacturing. JAKARTA: Taiwan-based Foxconn will launch an $8 billion investment in Indonesia in the third quarter of this year to manufacture electric vehicles (EVs) and batteries, an Indonesian minister said… Continue reading Foxconn to start $8 billion investment in Indonesia EV sector in Q3