Autoliv Inc., a fortune 500 company headquartered in Sweden, is setting up its manufacturing plant in Tamil Nadu at an investment of ₹100 crore. The project is expected to create jobs for over 400 people. In December last, the State government inked a deal with Ola Electric Mobility for setting up an electric two-wheeler manufacturing… Continue reading World NM: Swedish manufacturer chooses Tamil Nadu over Vietnam000718
Author: World_Newz Mon
World NM: Apple’s ‘Tesla killer’ self-driving car is at least 5 years away, according to a new report000706
Apple’s long-rumoured self-driving electric car — the so-called “Tesla killer” — could still be years from seeing the light of day. Go to Source
World NM: Hyundai Motor aims to co-develop electric car with Apple000705
By Baek Byung-yeul Since Apple will reportedly commence electric vehicle (EV) production, news surrounding the U.S. tech behemoth has been creating a stir in Korea, raising expectations that the iPhone maker will invite numerous local EV companies to its supply chain. Hyundai Motor, the country’s largest automotive group with three brands ― Hyundai, Kia and… Continue reading World NM: Hyundai Motor aims to co-develop electric car with Apple000705
World NM: Geely’s expansion and transformation gather speed on enhanced tech efforts000703
Hangzhou-based automaker Geely Automobile Holdings Ltd has been exploring even remote parts of the domestic auto market as well as enhancing its investment pace in Southeast Asia. Between January and November 2020, Geely sold a combined 1.17 million vehicles, registering sales growth year-on-year as well as month-on-month growth for four consecutive months. By the end… Continue reading World NM: Geely’s expansion and transformation gather speed on enhanced tech efforts000703
World NM: China’s Electric-Vehicle Makers Switching to Cheaper Batteries as Subsidy Cut Looms000700
China’s electric car manufacturers appear set to install a cheaper alternative to the popular ternary lithium battery in even more of their vehicles this year as state subsidies granted to the sector are slashed further, driving up costs. American electric vehicle giant Tesla Inc. last October swapped the battery in its Shanghai-made Model 3 to… Continue reading World NM: China’s Electric-Vehicle Makers Switching to Cheaper Batteries as Subsidy Cut Looms000700
World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday. To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first… Continue reading World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
World NM: Mahindra in talks to sell Ssangyong stake as it reprioritises investments amid Covid impact000680
Mahindra & Mahindra Ltd. is in discussions with an investor for selling a majority stake in Ssangyong Motor Co. as India’s largest SUV maker reassesses its investments amid the pandemic. Mahindra also pulled out of a proposed joint venture with Ford Motor Co. in India as the capital requirements didn’t make sense at a time… Continue reading World NM: Mahindra in talks to sell Ssangyong stake as it reprioritises investments amid Covid impact000680
World NM: BMW’s Chinese Partner Cancels Hong Kong Share Pledge Amid Debt-Dodging Complaints000671
The parent of BMW AG’s main Chinese joint-venture partner has canceled a plan to pledge shares in a Hong Kong-listed subsidiary for loans amid accusations that the state-owned automaker was deliberately failing to pay its debts. Liaoning Xinrui Automotive Industry Development Co. Ltd., a wholly owned subsidiary of Brilliance Auto Group Holdings Co. Ltd., has… Continue reading World NM: BMW’s Chinese Partner Cancels Hong Kong Share Pledge Amid Debt-Dodging Complaints000671
World NM: Honda will stop supplying cars to Russia in 2022000668
MOSCOW, December 30. /TASS/. Honda’s Russian subsidiary, Honda Motor Rus, will stop delivering new cars to Russia during 2022, the company said on Wednesday. Honda Motor Rus, subsidiary of Honda Motor Co., announced termination of deliveries of new cars to authorized dealers in Russia during 2022, the company said. According to the statement, the decision… Continue reading World NM: Honda will stop supplying cars to Russia in 2022000668
World NM: Britain and Turkey secure continued tariff-free trade deal worth $25B000666
Britain and Turkey signed a trade deal Tuesday to continue tariff-free trading that was worth $25 billion last year. Britain has reached trade deals with 62 countries and the European Union in under two years as part of the government’s goal to secure free trade with countries that cover 80% of their trade in three… Continue reading World NM: Britain and Turkey secure continued tariff-free trade deal worth $25B000666