The successor to the Pagani Huayra, called Utopia, has been revealed, fitted with a manual gearbox, V12 naturally aspirated engine and features a lightweight design. In a step away from rivals’ moves towards electrification and the inevitable weight penalty, the Utopia – the Italian marque’s third hypercar – has been built around more traditional character… Continue reading Pagani Utopia is manual 864bhp hypercar
Tag: Contract Manufacturer
Magna invests $77 mln in India’s EV startup Yulu to enter micromobility market
Sept 12 (Reuters) – Magna International Inc is investing $77 million in India’s EV startup Yulu to enter the micromobility market, the Canadian auto parts supplier said on Sunday. Magna will own a stake and hold a seat on the board of the Bangalore, India based company, it said. The two companies have established a… Continue reading Magna invests $77 mln in India’s EV startup Yulu to enter micromobility market
Magna invests $77 million in India’s EV startup Yulu to enter micromobility market
Register now for FREE unlimited access to Reuters.com Register Sept 12 (Reuters) – Magna International Inc (MG.TO) is investing $77 million in India’s EV startup Yulu to enter the micromobility market, the Canadian auto parts supplier said on Sunday. Magna will own a stake and hold a seat on the board of the Bangalore, India… Continue reading Magna invests $77 million in India’s EV startup Yulu to enter micromobility market
Magna Enters Micromobility Market: Investing in Yulu and Creating Battery-Swapping Business
$77 million investment opens door to fast-growing micromobility market Battery-swapping service unlocks new business model for Magna Opportunity to advance sustainable urban mobility in India AURORA, Ontario, Sept. 11, 2022 (GLOBE NEWSWIRE) — Mobility technology company Magna is expanding into the fast-growing micromobility market by investing $77 million in Yulu, India’s largest electrified shared mobility… Continue reading Magna Enters Micromobility Market: Investing in Yulu and Creating Battery-Swapping Business
Indian electric mobility startup Yulu raises $82m led by Magna International
Indian electric mobility startup Yulu has raised $82 million (Rs 653 crore) in a Series B funding round, led by mobility technology company, Magna International, per an announcement. DealStreetAsia had reported in August that the startup is in talks with Magna to raise funds and aggressively expand operations in the market. With this round of… Continue reading Indian electric mobility startup Yulu raises $82m led by Magna International
Yulu gets fresh Rs 653 crore funding led by Magna International and Bajaj Auto
The Yulu Max battery swapping and charging station at Lajpat Nagar Metro Station, New Delhi Yulu, the shared electric Mobility-as-a-Service (MaaS) and Battery-as-a-Service (BaaS) company, today announced the infusion of $82 million (Rs 653 crore) in Series B funding round, led by mobility technology company, Magna International Inc. Existing investors including Bajaj Auto also participated in the… Continue reading Yulu gets fresh Rs 653 crore funding led by Magna International and Bajaj Auto
Global Vehicle Electrification ((ICE, Micro & Full Hybrid, PHEV, BEV) Markets, Analysis & Forecasts, 2016-2021, 2021-2026F, 2031F
DUBLIN, Sept. 8, 2022 /PRNewswire/ — The “Vehicle Electrification Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering. The global vehicle electrification market is expected to grow from $67.47 billion in 2021 to $74.60 billion in 2022 at a compound annual growth rate (CAGR) of 10.56%. The vehicle electrification market is expected to… Continue reading Global Vehicle Electrification ((ICE, Micro & Full Hybrid, PHEV, BEV) Markets, Analysis & Forecasts, 2016-2021, 2021-2026F, 2031F
Samvardhana Motherson to acquire frame making ops of DICV
Samvardhana Motherson International (SMI), an automotive parts conglomerate, has signed a strategic agreement to acquire assets of frame manufacturing and assembly operations from Daimler India Commercial Vehicles (DICV). These operations which were at its facilities in Chennai have been bought at book value. Also, as a part of the transaction SMI, has signed a long-term… Continue reading Samvardhana Motherson to acquire frame making ops of DICV
Magna (MGA), Cartken Tie Up for Fully Autonomous Delivery Robots
Magna International MGA and the autonomous robotics company, Cartken, recently inked an agreement. Per the deal, MGA will manufacture Cartken’s autonomous delivery robot fleet to cater to the booming demand for last-mile delivery. The manufacture of Cartken’s Model C robots has begun at a Magna facility in Michigan. There are plans to elevate the yield… Continue reading Magna (MGA), Cartken Tie Up for Fully Autonomous Delivery Robots
EV startup Bollinger acquired by Mullen Automotive for $148.2 million
Mullen Automotive has acquired a controlling stake in electric vehicle startup Bollinger Motors, buying up 60 percent of the struggling company’s stock for $148.2 million, the companies announced Thursday. Mullen said it will add Bollinger-designed medium-duty trucks and sport utility trucks to its inventory. The deal “positions Bollinger to capture the electric sport utility and… Continue reading EV startup Bollinger acquired by Mullen Automotive for $148.2 million