Private equity giant KKR is set to invest $400 million in Serentica Renewables, a Gurugram-headquartered decarbonisation platform that provides clean energy solutions for energy-intensive industries, per an announcement. Serentica, which is held by Twinstar Overseas Limited, focuses on industrial decarbonisation and makes renewables the primary source of energy for the commercial and industrial segment, which… Continue reading PE giant KKR to invest $400m in Indian decarbonisation platform Serentica Renewables
Tag: Electric vehicles
Renault Group and Google Accelerate Partnership to Develop the Vehicle of Tomorrow and Strengthen Renault Group’s Digital Transformation
Renault Group and Google are expanding their partnership. The “Software Defined Vehicle” will bring together the best of the automotive and digital worlds to allow for new on-demand services and continuous upgrades to be delivered to the car, building on the existing Android Automotive Operating System and Google Cloud technology collaboration. Google becomes the preferred… Continue reading Renault Group and Google Accelerate Partnership to Develop the Vehicle of Tomorrow and Strengthen Renault Group’s Digital Transformation
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PARIS, Nov 8(Reuters) – French car maker Renault (RENA.PA) said it aimed for an 8% operating margin by 2025 thanks to a plan to split its combustion engine activities from its electric vehicle business, though such a plan still needs the go-ahead from its alliance partner Nissan (7201.T). Renault, ahead of a long-waited investor presentation… Continue reading Untitled
Audi India launches Q5 special edition at Rs 60.50 lakh
Luxury carmaker Audi India has launched the Audi Q5 special edition in three variants with pricing starting at Rs 60.50 lakh through to Rs 67.05 lakh. The Audi Q5 special edition comes in two exclusive exterior colours – District Green and Ibis White. The Audi Q5 special edition features equipment enhancements including a new black… Continue reading Audi India launches Q5 special edition at Rs 60.50 lakh
Renault and Geely to set up new global company for next-gen powertrains
Geely Holding Group (Geely Holding), Geely Automobile Holdings and the Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient internal combustion powertrains (ICE). On completion, the new company will be a standalone global supplier of complete ICE solutions, producing next-generation hybrid propulsion systems and… Continue reading Renault and Geely to set up new global company for next-gen powertrains
Volvo Cars divests its stake in engine maker Aurobay to Geely
Volvo Cars, which is aiming to go fully electric by 2030, has divested its 33 percent holding in Aurobay to Geely Holding. Aurobay, which develops and produces powertrain solutions for a global market, is a global supplier of propulsion technology, development services and contract manufacturing with manufacturing capabilities in two continents. It produces high-efficiency,… Continue reading Volvo Cars divests its stake in engine maker Aurobay to Geely
Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA
Spanish electric mobility brand Urbet is making a splash at EICMA, the world’s best-known two-wheeler trade fair which opens in Milan, Italy today and goes on till November 13. The Marbella-based EV maker aims to use EICMA as a platform to target different European markets and also showcase its existing range as well as new… Continue reading Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA
Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA
Spanish electric mobility brand Urbet is making a splash at EICMA, the world’s best-known two-wheeler trade fair which opens in Milan, Italy today and goes on till November 13. The Marbella-based EV maker aims to use EICMA as a platform to target different European markets and also showcase its existing range as well as new… Continue reading Spanish EV maker Urbet to reveal maxi-scooter Gran Via at EICMA
Here’s why heartland states lag behind the coasts on EV adoption
Retail sales of EVs have yet to fully take off in the US heartland states, according to new analysis from S&P Global Mobility. How come? The top eight EV markets in the United States are all in coastal states, and those markets represent more than half – 50.5% – of total EV registrations in 2022.… Continue reading Here’s why heartland states lag behind the coasts on EV adoption
Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
The UK auto market saw plugin electric vehicles take 21.5% share in October, with growing year on year volumes. Despite volume gain, YoY plugin share saw a slight dip (from 23.1%), against greater YoY gains in overall auto volume, up 26% to 134,344 units (from a record low baseline). October market volume was still at… Continue reading Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362