The United States on Friday will finalise a decision to impose import duties on solar panel makers who finish their products in Southeast Asian nations to avoid tariffs on Chinese-made goods, according to a senior Commerce Department official. The decision, which largely mirrors a preliminary finding the agency made in December, was opposed by buyers of solar panels that rely on cheap products made overseas… Continue reading US to levy tariffs on big solar companies for dodging China duties
Tag: People
India: Reliance’s Jio Financial Services to be listed on Monday
Jio Financial Services (JFS), the financial arm of Indian conglomerate Reliance Industries, is set to be listed on the stock exchanges on Aug. 21, according to an exchange circular. Billionaire Mukesh Ambani’s Reliance had last month spun off JFS, with stock price set at a much higher-than-expected 261.85 rupees valuing it at around $20 billion in a… Continue reading India: Reliance’s Jio Financial Services to be listed on Monday
Norway wealth fund tells firms to put more women on their boards
Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, wants the companies it invests in globally to boost the number of women on their boards and to consider setting targets if fewer than 30% of their directors are female, top fund officials told Reuters. One of the world’s largest investors, the fund holds stakes in… Continue reading Norway wealth fund tells firms to put more women on their boards
ARCI, Altmin join hands to produce Li-ion cells for EVs
Altmin has already secured contracts with mining companies in Brazil and Bolivia for procuring Lithium that will be enough to produce 10GW LFP, Altmin’s founder & managing director Mourya Sunkavalli told reporters here on Thursday. In what is being touted as India’s first step in breaking the Chinese monopoly in the cathode active materials (CAMs)… Continue reading ARCI, Altmin join hands to produce Li-ion cells for EVs
Renault Small EV may hit the Indian roads by 2024-2025 to challenge Tata Tiago
French car maker Renault India is working overtime to bring in the sub Rs 10 lakh electric vehicles to target a market launch within 12-24 months – having committed Rs 5300 crore with its alliance partner Nissan Motor in India. Once launched, Renault’s small EV will challenge Tata Motors Tiago EV and MG Motor’s compact… Continue reading Renault Small EV may hit the Indian roads by 2024-2025 to challenge Tata Tiago
Renault launches ‘Renault Experience Days’ in Maharashtra
Renault India Private Limited (RIPL), has launched a campaign “Renault Experience Days” across Maharashtra, and as a part of this initiative, the company has introduced “Showroom on Wheels” across 26 states, 3 Union Territories and 625 locations in India. As a part of this campaign, it will cover 31 locations in Maharashtra. By bringing the… Continue reading Renault launches ‘Renault Experience Days’ in Maharashtra
Valeo announces the sale of its propulsion systems business in Russia to NPK Avtopribor
Valeo Group | 18 Aug, 2023 | 3 min As part of its decision to divest its production activities in Russia, Valeo announced today that it has signed an agreement with NPK Avtopribor for the sale of all of Valeo’s production assets of its Powertrain Systems business in Russia. Completion of this transaction is subject… Continue reading Valeo announces the sale of its propulsion systems business in Russia to NPK Avtopribor
Assembly Ventures Announces Inaugural $76 Million Mobility Fund Focused on the Physical and Digital Movement of People, Goods, Data and Energy
Assembly Ventures has built the first transatlantic venture capital platform to invest in cutting-edge technologies in the mobility sector. Founded by trailblazers in the mobility sector with strong operational and investment credentials, this brings total assets under management on the platform to $94 million after closing. Substantial investment potential seen in mobility technologies is driven… Continue reading Assembly Ventures Announces Inaugural $76 Million Mobility Fund Focused on the Physical and Digital Movement of People, Goods, Data and Energy
Automotive Interior Market worth $194.8 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 16, 2023 /PRNewswire/ — Automotive Interior Market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028, according to a new report by MarketsandMarkets™. The growth of the automotive interior market is influenced by various… Continue reading Automotive Interior Market worth $194.8 billion by 2028 – Exclusive Report by MarketsandMarkets™
Hyundai Motor India Signs ‘Asset Purchase Agreement’ for Acquisition of Identified Assets at GM India Talegaon Plant
The Asset Purchase Agreement covers assignment of land and buildings and acquisition of identified assets at General Motors India’s Talegaon Plant Manufacturing operations at the plant are planned to commence in 2025, augmenting Hyundai Motor India’s manufacturing footprint As part of Hyundai’s resolute commitment to the Indian automotive industry, with the Sriperumbudur (Chennai) and Talegaon… Continue reading Hyundai Motor India Signs ‘Asset Purchase Agreement’ for Acquisition of Identified Assets at GM India Talegaon Plant