Category: Automotive

Electromobility: Exyte to build state-of-the-art dry room for Volkswagen’s first ever battery cell gigafactory

Exyte is set to build the dry room for Volkswagen’s battery cell gigafactory in Salzgitter, Germany Exyte is responsible for design, procurement, construction and commissioning of the dry room Control of the manufacturing environment is technically demanding and critical to product quality Exyte CEO Büchele: “Receiving this contract is an achievement of strategic relevance for… Continue reading Electromobility: Exyte to build state-of-the-art dry room for Volkswagen’s first ever battery cell gigafactory

Thailand BOI Approves Investment Applications Worth USD1.1 Billion in EV, Renewable Energy, Data Centers, Travel Infrastructure Projects

BANGKOK, Oct. 11, 2023 /PRNewswire/ — The Thailand Board of Investment (BOI) yesterday approved investment promotion applications worth a combined 41 billion baht (USD1.1 billion) in projects including the manufacturing of electric vehicles (EV), the generation of renewable energy from waste, data centers, as well as travel and tourism infrastructure and equipment. The meeting, which… Continue reading Thailand BOI Approves Investment Applications Worth USD1.1 Billion in EV, Renewable Energy, Data Centers, Travel Infrastructure Projects

Constellation Cold Logistics entered into an agreement to acquire VF Coldstores

LONDON, Oct. 11, 2023 /PRNewswire/ — Constellation Cold Logistics (“Constellation” or the “Company”), a leading European cold storage and logistics provider, announced today that it has entered into an agreement to acquire VF Coldstores (“VF”). The transaction will allow Constellation to enter the Irish market, strengthening its European footprint and service offering for existing and new… Continue reading Constellation Cold Logistics entered into an agreement to acquire VF Coldstores

Constellation Cold Logistics entered into an agreement to acquire Colso Cold Storage

LONDON, Oct. 11, 2023 /PRNewswire/ — Constellation Cold Logistics (“Constellation” or the “Company”), a leading European cold storage and logistics provider, announced today that it has entered into an agreement to acquire Colso Coldstorage Ltd (“Colso”). The transaction will allow Constellation to enter the Irish market, strengthening its European footprint and service offering for existing and… Continue reading Constellation Cold Logistics entered into an agreement to acquire Colso Cold Storage

Chinese Tesla rival Xpeng suspends executive over alleged corruption

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Chinese Tesla rival Xpeng suspends executive over alleged corruption

ICRA expects favourable demand outlook for the road logistics industry in FY24

ICRA expects a favourable demand outlook for the road logistics industry in FY2024, supported by stable domestic consumption and investment demand. Revenue growth in the industry is expected to be 6-9% in FY2024 on a higher base in FY2023, driven primarily by demand from diverse segments such as e-commerce, FMCG, retail, chemicals, pharmaceuticals, and industrial… Continue reading ICRA expects favourable demand outlook for the road logistics industry in FY24

Mercedes Benz India registers 11% year on year growth

Mercedes-Benz today announced strong sales momentum in the January-September 2023 period, delivering 12,768 new cars to customers. With a growth of 11% YTD, Mercedes-Benz continued to witness all-round demand for its products, despite facing supply challenges in Q3.  The strong customer preference for the brand is driven by an attractive product portfolio and a seamless… Continue reading Mercedes Benz India registers 11% year on year growth