Exponent Energy, an electric vehicle charging tech start-up, has got $5 million (Rs 37 crore) in pre-series A round of funding from existing investors YourNest VC; 3one4 Capital, AdvantEdge VC and new participation from Tier 1 supplier Motherson Group. Bangalore-based Exponent Energy, an energy solutions start-up, has announced the development of a battery pack and… Continue reading Motherson invests in 15-minute EV charging tech start-up Exponent Energy
Author: Autocar_Professional India Online News
Honda Cars scales down operations with another VRS round
Honda Cars India Ltd (HCIL) is clearly going lean and mean on its workforce front. The Japanese automaker recently carried out its third VRS (voluntary retirement scheme) exercise in September 2021, which saw nearly 100 executives above the assistant manager level opting for it. According to top sources, the VRS largely focused on senior management personnel… Continue reading Honda Cars scales down operations with another VRS round
Hyundai Mobis develops 90-deg rotating wheel
Hyundai Mobis has developed next-generation automobile wheel technology which allows 90-degree rotation parking and in-place rotation. It is also essential for making PBVs (Purpose Built Vehicles). The e-corner module, which integrates the steering, braking, suspension and driving systems into a wheel, shifts the paradigm of an automobile to use the mechanical axis to connect the… Continue reading Hyundai Mobis develops 90-deg rotating wheel
Lexus showcases hydrogen-powered ROV concept
Luxury vehicle manufacturer Lexus has revealed a new ROV (recreational off-highway vehicle) Concept. The hydrogen-powered vehicle offers near-zero emissions driving combined with extreme off-road capability. The ROV design team has developed a vehicle that would look good in all kinds of natural environments. The car bears all the hallmarks of an off-road vehicle, with exposed… Continue reading Lexus showcases hydrogen-powered ROV concept
Honda to make swappable EV batteries in India, sets up sharing service subsidiary
A month after it announced plans to begin a battery sharing service for electric rickshaws in India, in the first half of 2022, using its all new portable and swappable batteries christened ‘Honda Mobile Power Pack e:’, Honda has set up an India subsidiary. Honda Power Pack Energy India, Honda’s new subsidiary for battery sharing… Continue reading Honda to make swappable EV batteries in India, sets up sharing service subsidiary
Thomas Schafer: ‘India 2.5 is an initial idea but maybe it has a 3.0 and a 4.0’
On October 14, the Volkswagen Group gave Skoda Auto full charge for developing the Group’s existing MQB-A0 Global Platform. The move comes on the heels of Skoda’s specially adapted MQB-A0-IN platform for the Indian market. Skoda is drawing on its high level of development expertise, ability to coordinate complex Group projects and experience in entry-level… Continue reading Thomas Schafer: ‘India 2.5 is an initial idea but maybe it has a 3.0 and a 4.0’
Mercedes-Benz partners Factorial Energy to develop solid-state battery tech
L-R: Markus Schafer, Member of the Board of Management of Daimler AG and Mercedes-Benz AG and Siyu Huang, co-founder and CEO of Factorial Energy. En route towards a fully electric future, Mercedes-Benz is joining forces with US-based Factorial Energy to jointly develop next-generation battery technology with the aim of testing prototype cells as early as… Continue reading Mercedes-Benz partners Factorial Energy to develop solid-state battery tech
Pininfarina reveals Foxconn’s 750hp Model E with 750km range at Hong Kong MotorXpo
Italian styling studio Pininfarina has taken the covers off its new creation, the electric Model E sedan sedan for Hai Technology Group (Foxconn), at the International MotorXpo Hong Kong (IMXHK) 2021. Foxconn is a global leader in smart manufacturing and is diversifying into electric vehicles.The Model E will be on display from December 1-5 in… Continue reading Pininfarina reveals Foxconn’s 750hp Model E with 750km range at Hong Kong MotorXpo
Ather Energy plans second plant to be ready for 2022
Ather Energy has commissioned its second manufacturing facility in Hosur which is going to be ready by 2022. The company plans to manufacture 400,000 units per annum while the current capacity is at 120,000 units. Ather, had earlier this year, set up its first plant in Hosur. Tarun Mehta, Co-Founder and CEO, Ather Energy said, “Customers… Continue reading Ather Energy plans second plant to be ready for 2022
BorgWarner targets EV makers with Integrated Drive Module
With an ever-growing trend towards electric propulsion there is also an increasing demand for flexible electrification components that meet the requirements of different vehicle architectures. By permanently enhancing the portfolio through development of innovative technologies and acquisitions that contribute to the company’s expertise, BorgWarner has positioned itself to accelerate its growth in electrification products and… Continue reading BorgWarner targets EV makers with Integrated Drive Module