Category: Automotive

China battery giant CATL’s USD 5 bn Swiss listing delayed amid Beijing regulatory concerns

CATL, worth about USD 139 billion by market value and now expanding in Germany and the United States. Chinese battery giantCATL‘s plan to raise at least USD 5 billion in Swiss global depository receipts (GDR) has been delayed as Beijing regulators raise concerns over the large scale of the offering, three people with direct knowledge… Continue reading China battery giant CATL’s USD 5 bn Swiss listing delayed amid Beijing regulatory concerns

AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India

AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India AMU Leasing, 3ev Industries, and 3eco Systems have announced a new collaboration to introduce a new initiative aimed at deploying over 600 converted ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India within nine months. As part of… Continue reading AMU Leasing, 3ev Industries, and 3eco Systems Join Hands to Deploy 600+ ICE-to-EV 3-Wheel L-5N Cargo Vehicles in India

Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses

Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses Daimler India Commercial Vehicles (DICV), the manufacturer of BharatBenz trucks and buses, has launched an uptime assurance program called ‘BharatBenz Rakshana’ aimed at enabling its customers to enhance their business profitability. The Rakshana program commits to servicing and delivering BharatBenz trucks and… Continue reading Daimler India CV commits to 48-hour service delivery of BharatBenz trucks and buses

CNH Industrial fully acquires Augmenta for US$110 mn

Italian-American heavy machinery manufacturer CNH Industrial has purchased Augmenta, a France-based company focusing on agriculture through automation, to accelerate the growth of its innovative Sense & Act technology. As per a company statement, CNH Industrial will acquire Augmenta Holding SAS at an enterprise value of US$110 million, subject to customary adjustments. Augmenta was a previous… Continue reading CNH Industrial fully acquires Augmenta for US$110 mn