Tag: Geely

EVs to get cheaper, Centre proposes customs duty exemption on batteries

Nirmal K. Minda, Chairman and Managing Director, Uno Minda Ltd, said that the announcement of Rs 35,000 crore fund to support green projects will give a massive boost towards India’s net-zero goals. New Delhi : The Central government on Wednesday said that to further provide impetus to green mobility, customs duty exemption is being extended… Continue reading EVs to get cheaper, Centre proposes customs duty exemption on batteries

Chinese owner of Lotus Technology to list a stake in US via blank cheque firm

Chinese owner of Lotus Technology to list a stake in US via blank cheque firm EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault The interior of the Lotus Eletre performance SUV electric car seen at the Brussels Expo in January… Continue reading Chinese owner of Lotus Technology to list a stake in US via blank cheque firm

StoreDot and Circulor partner to deliver supply chain transparency for EV battery cell materials

New partnership demonstrates StoreDot’s dual commitment to a fast and responsible transition to electric vehicles HERZLIYA, Israel, and LONDON, Jan. 31, 2023 /PRNewswire/ — StoreDot, the pioneer of extreme fast charging battery technology for electric vehicles, has partnered with Circulor, the leading supply chain traceability solution, to track the provenance and CO2 emissions of the… Continue reading StoreDot and Circulor partner to deliver supply chain transparency for EV battery cell materials

Inside Afeela: Why Sony and Honda are starting a car company

Some of that technology won’t be exclusively Sony. For example, the CES concept included Amazon’s Alexa voice control. Sony instead hopes it can bring new ideas to entertain both the driver and passengers, drawing on its PlayStation expertise. For example, Afeela will use the Unreal Engine 3D computer graphics developed by PlayStation partner and Fortnite… Continue reading Inside Afeela: Why Sony and Honda are starting a car company

Industry digest: Positive mindset key to business expansion

During a recent business conversation, a senior automotive executive was complaining about the difficulty of finding suitable recruits to support their company’s expansion. I suggested a different way of looking at the issue. What great news that the company is growing; now let’s find the right people.  My point is that if you start with the… Continue reading Industry digest: Positive mindset key to business expansion

Sunrun taps startup to operate ‘power plants’ of its home solar systems

Sunrun has been pursuing VPPs as a means of leveraging the value of its customers’ 48,000 home battery systems. By Nichola Groom U.S. residential solar company Sunrun Inc has teamed up with startup Lunar Energy Inc to operate virtual power plants (VPPs) of home solar and storage systems, a step toward transforming its vast customer… Continue reading Sunrun taps startup to operate ‘power plants’ of its home solar systems

EV maker Lotus Tech plans U.S. IPO via deal with SPAC L Catterton

The valuation takes into account $288 million of cash in LCAA’s trust account. Lotus Technology will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp in a deal that will value the combined group at $5.4 billion, people familiar with the matter said on Tuesday.… Continue reading EV maker Lotus Tech plans U.S. IPO via deal with SPAC L Catterton

Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle

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 Geely to float arm of carmaker Lotus via $5.4bn deal with LVMH vehicle

EV maker Lotus Tech inks deal with L Catterton’s SPAC to go public in the USLotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Ma…

Lotus Tech on Tuesday said it has inked a deal with the special purpose acquisition company (SPAC) L Catterton Asia Acquisition Corp (LCAA), following which the Chinese luxury electric vehicle maker will list in the US. As per the deal, the merged entity will list on the Nasdaq and have an enterprise value of $5.4… Continue reading EV maker Lotus Tech inks deal with L Catterton’s SPAC to go public in the USLotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Ma…