The slower-than-expected transition to electric vehicles is one of the main factors behind the decision to restructure the business, though Northvolt’s CEO and co-founder, Peter Carlsson, said, “there remains no question that the global transition towards electrification — and the long-term outlook for cell manufacturers, including Northvolt — is strong”.

The new ‘Charging Management’ service is intended to increase fleets’ productivity and uptime and reduce the number of unplanned charging sessions.

The company cut 300 jobs in the U.S. and Canada amid financial pressure as it seeks profitability. The cuts came in the manufacturing and administrative segments of the business.

This mileage guarantee not only includes fuel efficiency but it also claims the lowest Ad Blue consumption, claiming its vehicles offer Best in Class “Fluid Efficiency”

Two are in the state of Uttar Pradesh, and the other three are in Chhattisgarh, Gujarat and Andhra Pradesh.

In this new management role, Oh will be tasked with leading the enterprise digital and information technology department at the company.

The proof-of-concept vehicle was assembled, deployed and tested at the MIRA Technology Park in Nuneaton, UK. The prototype is expected to be tested by operators and OEMs during the rest of 2024.

Founded in 2020, Volt Mobility provides long-term secured leases for commercial electric vehicles, from last-mile delivery vans to long haulage trucks, to clients in the Persian Gulf region.

This expands the company's national presence by leveraging VTC’s extensive dealership network. The partnership allows VTC to enhance its vocational truck offerings while supporting sales, service, and parts for Battle Motors’ products nationwide​.

Generative AI is a type of artificial intelligence used to create entirely new solutions within a specific field.

The TVS dealerships are in the National Capital Region (NCR) in northern India; two in Faridabad and the other in Greater Noida.

David Earnshaw told T&BB that the new plant will specialise in high voltage equipment for electric vehicles.