Hyundai Motor Group and SK Innovation Co. have agreed to cooperate in the development of a sustainable ecosystem for electric vehicle (EV) batteries that are key to the future mobility industry. The two firms announced today their plan to cooperate in diverse business areas related to the EV battery industry, including battery sales solutions, battery management service and battery reuse and recycling. The collaboration stems from the companies’ shared need to create a battery value chain and strengthen… Continue reading Hyundai, SK Innovation to develop EV battery industry ecosystem
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The Station: Yandex spins out self-driving biz, Ike takes the SaaS road and a solid-state battery startup strikes SPAC
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. As… Continue reading The Station: Yandex spins out self-driving biz, Ike takes the SaaS road and a solid-state battery startup strikes SPAC
Nissan’s record loan guarantee spotlights lack of transparency
TOKYO — The Japanese government’s de facto guarantee of a record 130 billion yen ($1.22 billion) in emergency loans to Nissan Motor underscores a lack of transparency over coronavirus-related rescue programs for businesses. The Development Bank of Japan extended over 1.88 trillion yen in crisis response loans between March and July as the virus damaged the national and… Continue reading Nissan’s record loan guarantee spotlights lack of transparency
Vietnam automaker VinFast unveils $164k SUV to burnish brand
HO CHI MINH CITY — VinFast, the automaker founded by Vietnam’s richest man, has unveiled an SUV for his well-to-do compatriots. Priced at $164,000, the luxury VinFast President went on sale Monday and will have a production run of just 500 vehicles, because it is “exclusively for the Vietnamese market,” according to a statement from the… Continue reading Vietnam automaker VinFast unveils $164k SUV to burnish brand
HumanForest gets $2.3M from Cabify founders and others to grow a ‘free’ e-bike sharing service
HumanForest, a dockless, shared and ad-supported e-bike service which began trialling a service in London this June, has taken in its first tranche of external funding. The £1.8 million (~$2.3M) investment comes from backers in the mobility space, including Juan de Antonio and Vicente Pascual, founders of ride-sharing app Cabify. As part of the investment,… Continue reading HumanForest gets $2.3M from Cabify founders and others to grow a ‘free’ e-bike sharing service
India: BluSmart Mobility raises $7m from Inflection Point Ventures, others
Delhi NCR-based all-electric ride hailing platform BluSmart Mobility Pvt Ltd has raised $7 million or ₹51 crore in pre-series A funding from multiple investors including Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund and Kaplavriksh Fund, the company said on Monday. The company, which is also… Continue reading India: BluSmart Mobility raises $7m from Inflection Point Ventures, others
US-based EV startup looks to establish manufacturing and engineering in India
USA-headquartered startup Power Global has announced its plans to enter the Indian electric vehicle market, for which it is in the process of setting up a manufacturing and engineering setup in India with a focus on liquid-cool lithium-ion battery modules, engineered specifically for the two- and three-wheeler market. The company says over the last year… Continue reading US-based EV startup looks to establish manufacturing and engineering in India
BluSmart gets Rs 51 crore in pre-series A funding
BluSmart, the all-electric ride-hailing platform has raised $7 million (Rs 51 crore) in funding from multiple investors including Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments, JITO Angels, Lets Venture Fund and Kaplavriksh Fund. The company says it will utilise the funding to expand the number of cars on the platform, set… Continue reading BluSmart gets Rs 51 crore in pre-series A funding
Tata Motors joins Global World EV Day Movement
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Crowdfunded dongle brings wireless Android Auto to more cars
Sponsored Links BMW While wireless Android Auto will soon be easier to find on phones, it’s another matter for cars. The cable-free tech is still rare outside of a few brands like BMW. A crowdfunded project might change that, however. Developer Emil Borconi-Szdressy recently launched an Indiegogo campaign (via XDA and 9to5Google) for an AAWireless… Continue reading Crowdfunded dongle brings wireless Android Auto to more cars