Amid rising challenges on the FAME-II subsidy and its resultant violations and penalty, multiple electric vehicle companies may be forced to file for bankruptcy. As the deadline for penalties looms, three out of the seven OEMs Hero Electric, Benling Motors and Ammo Mobility, have requested the Prime Minister’s Office (PMO) to press the Ministry of… Continue reading Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Tag: Strategy
Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Amid rising challenges on the FAME-II subsidy and its resultant violations and penalty, multiple electric vehicle companies may be forced to file for bankruptcy. As the deadline for penalties looms, three out of the seven OEMs Hero Electric, Benling Motors and Ammo Mobility, have requested the Prime Minister’s Office (PMO) to press the Ministry of… Continue reading Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Amid rising challenges on the FAME-II subsidy and its resultant violations and penalty, multiple electric vehicle companies may be forced to file for bankruptcy. As the deadline for penalties looms, three out of the seven OEMs Hero Electric, Benling Motors and Ammo Mobility, have requested the Prime Minister’s Office (PMO) to press the Ministry of… Continue reading Several EV makers may be forced to file for bankruptcy post imposition of FAME II penalties
Foxconn and ZF join forces for passenger car chassis systems business
ZF Friedrichshafen AG (ZF Group), one of the world’s largest automotive suppliers, and Hon Hai Technology Group (Foxconn), the world’s largest electronics manufacturer, today announced a 50-50 partnership in passenger car chassis systems, a key move aimed at accelerating and expanding automotive and supply chain opportunities with top-tier customers. Foxconn will acquire a 50-percent stake… Continue reading Foxconn and ZF join forces for passenger car chassis systems business
Valtech expands India operations, introduces Valtech Mobility
Valtech, a global business transformation agency, has announced the expansion of its operations in India by introducing Valtech Mobility, a leading provider of mobility and automotive solutions. Valtech’s Automotive Mobility Center of Excellence (CoE) in Pune, India will bring expertise in connected vehicles, shared mobility, electrification, and data monetisation to regional and global customers. It will… Continue reading Valtech expands India operations, introduces Valtech Mobility
EVE Energy SVP Alexander Holden Reveals Half-Year Business Processes for 2023
HUIZHOU, China, July 24, 2023 /PRNewswire/ — Alexander Holden, the Senior Vice President of the International OEM Department at EVE Energy (SHE: 300014), a leading lithium-ion battery manufacturer, revealed that the Company will place great importance on expanding its presence in global markets to better serve their international customers by planning green battery factories in Europe and… Continue reading EVE Energy SVP Alexander Holden Reveals Half-Year Business Processes for 2023
Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion
Group14 accelerates its strategy to build silicon battery technology infrastructure in Europe to support its automotive customers and partners Acquisition of Schmid Silicon, Europe’s most technologically advanced silane manufacturer, sets up Group14 to provide for a more secure silicon battery supply chain As Group14 establishes operations in Europe, the company plans to open its first… Continue reading Group14 Technologies Acquires Schmid Silicon in Milestone European Expansion
GTCR to Acquire Once For All from Warburg Pincus
Investment to accelerate growth behind leading compliance and supply chain management software provider CHICAGO, July 24, 2023 /PRNewswire/ — GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Once For All (the “Company”), a leading compliance and supply chain management software provider, from Warburg Pincus. Financial terms of… Continue reading GTCR to Acquire Once For All from Warburg Pincus
Lotus Technology Expands Distribution Network Catering to Growing Global Demand
NEW YORK and SINGAPORE, July 24, 2023 /PRNewswire/ — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, today announced updates on its global expansion over the first six months of 2023. Lotus Tech has expanded its global retail network to 193 stores[1], opening 24 new outlets over the… Continue reading Lotus Technology Expands Distribution Network Catering to Growing Global Demand
Xiao-I Secures Contract for AI Contact Center Project with Leading Chinese Aviation Group
SHANGHAI, July 24, 2023 /PRNewswire/ — Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence (“AI”) enterprise in China, today announced that it has secured a contract for an intelligent contact center project with a leading Chinese aviation group. This partnership aims to enhance the aviation group’s service provision capabilities and… Continue reading Xiao-I Secures Contract for AI Contact Center Project with Leading Chinese Aviation Group