Representing an approximate investment of USD600m, the new facility will be developed along “vertical production” principles a la Tesla, meaning that battery and vehicle assembly will take place at the same location.

The market for electric vehicles in North America is currently a very crowded one. In the wake of two crucial U.S. government bills – the Infrastructure Investment and Jobs Act (2021) and the Inflation Reduction Act (2022) – established OEMs and startups are enjoying a boost in interest as grants and tax incentives support the expansion of EV manufacturing, sales, and charging/fuelling infrastructure.

This will encompass its EV chargers (inductive and DC fast chargers), mobile chargers, related infrastructure and the management software for these charging solutions.

T&BB decided to have a closer look at the world’s 4th biggest tyre manufacturer as it looks to expand its global presence through fleet digitalisation, product range and aftermarket services in the context of the impending Euro VII regulation.

Post pandemic, BAE Systems increasing its efforts to add more transit bus customers to its client portfolio but also new customers in truck, marine and military. Tom Webb, Director Business Development at BAE Systems explains the company's approach to market.

The purchase will enlarge WEG's turnover and global reach substantially. The net operating revenue of these businesses in 2022 was approximately BRA 2.8 billion (USD541.5m), with an adjusted EBITDA margin of 9.5%.

With USD10m in additional shareholder funds the company will focus on deployment of electric tarmac buses at Bengaluru international airport and development of a mid-mile heavy-duty EV truck platform.

Lumax Auto already supplies engine oil under the the 'Ultra' brand name.

As manufacturers increasingly move towards producing electric, “software-defined” vehicles, Volkswagen CEO, Oliver Blume said that aesthetics will replace “traditional unique selling propositions” (i.e., technical design) as the key differentiator between brands.

The JV aims to manufacture battery cells for commercial electric vehicles at a 21-gigawatt hour (GWh) factory that is anticipated to cost between USD 2-3 billion. The emphasis is on pioneering better battery chemistries that last longer, are safer, lower in cost and are more environmentally sustainable, preferably without the need for nickel and cobalt raw materials.

From now on, Volkswagen will specify to its Tier 1 suppliers which semiconductors and other parts it would prefer in its electronic components.

The BharatBenz Certified initiative will undertake the refurbishment of pre-owned BharatBenz vehicles with a 125-point quality check that will lead to a thorough technical check, repair and restoration of the vehicles.