Autocar_Professional India Online News – Page 1484

Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US

Hyundai Motor Group and LG Energy Solution (LGES) have announced an EV battery cell manufacturing joint venture in the U.S. today. The Group and LGES will each hold a 50 percent stake in the JV, which will involve an investment of over US$ 4.3 billion (Rs 35,462 crore). Hyundai Motor Group and LGES signed a memorandum… Continue reading Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US

Hyundai and Kia renew FIFA partnership till 2030

Hyundai Motor Group (the Group) affiliates Hyundai Motor Company and Kia Corporation today jointly announced the renewal of their longstanding partnerships with FIFA through 2030. The renewed agreement welcomes Group subsidiaries Boston Dynamics and Supernal into the fold. The renewed partnerships will encompass a wide range of prestigious FIFA competitions, including the highly anticipated FIFA… Continue reading Hyundai and Kia renew FIFA partnership till 2030

EVs drive European new car sales in April, SUV share rises to 51 percent

Continuing the trend prevailing in Europe, demand for electric vehicles remains on the upswing. April 2023 saw European new passenger cars sales total 960,191 units – an increase of 16%, marking the ninth consecutive month of growth. While EVs secured the highest market share for April with 13%, SUVs continued to have a record market… Continue reading EVs drive European new car sales in April, SUV share rises to 51 percent

Anglo-Moroccan start-up targets global growth with electric SUV

Anglo-Moroccan start-up, the Atlas E-Mobility Group has announced its plans to develop and launch a premium electric SUV by 2026. The as-yet-unnamed EV will be a “simple but also functional” car inspired by “Moroccan design and identity”, co-founder and CEO Mohammed Yehya El Bakkali told Autocar UK. He said it will “only use the technologies… Continue reading Anglo-Moroccan start-up targets global growth with electric SUV

Anglo-Moroccan start-up targets global growth with electric SUV

Honda Cars India to increase prices of City and Amaze by 1% from June: Report

Honda Cars India said yesterday that it will increase the prices of its City and Amaze by up to 1 percent from June, PTI reported. This hike in prices of sedans is being undertaken to mitigate the impact of increased cost pressures, PTI stated. “While our endeavour is to partially offset the increase, it has become… Continue reading Honda Cars India to increase prices of City and Amaze by 1% from June: Report

Stellantis invests in Lyten’s innovative lithium-sulphur EV battery tech

Stellantis and Lyten have announced today that Stellantis Ventures, the corporate venture fund of Stellantis, has invested in Lyten to accelerate the commercialisation of Lyten 3D graphene applications for the mobility industry, including the LytCell lithium-sulphur EV battery, lightweighting composites, and novel on-board sensing. Lyten, a Silicon Valley-based pioneer of three-dimensional (3D) graphene, will leverage… Continue reading Stellantis invests in Lyten’s innovative lithium-sulphur EV battery tech

Stellantis invests in Lyten’s innovative lithium-sulphur EV battery tech

Capri Loans acquires 51% stake in CarLelo for Rs 150 crore

Capri Global Holdings (CGHL), the holding company for Capri Global Capital, a non-banking financial company with the brand name Capri Loans, has expanded its national footprint by acquiring a 51% stake in the online new car selling platform CarLelo, for Rs 150 crore. This investment is a testament to our commitment to driving the growth… Continue reading Capri Loans acquires 51% stake in CarLelo for Rs 150 crore

Ola Electric targeting IPO by year end, ropes in Goldman, Kotak: Report

Electric two-wheeler firm Ola Electric is looking to list on the bourses by the year-end, and has roped in Kotak alongside Goldman Sachs to manage the IPO, Reuters reported citing a person with direct information on the issue. The Indian company which has funding from SoftBank Group Corp, and Tiger Management amongst others, was given… Continue reading Ola Electric targeting IPO by year end, ropes in Goldman, Kotak: Report