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Auto and Transport Industry News
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Battery materials campus in Charleston : Redwood Materials secures $2bn conditional loan from DOE
Redwood Materials has landed a $2 billion conditional loan from the US Department of Energy’s Loan Program Office…
BMW to invest in Plant San Luis PotosĂ to accelerate EV production in Mexico
The BMW Group will invest €800 million in Plant San Luis PotosĂ, Mexico, for the production of its…
Luxury EV maker Lotus Technology to list on Nasdaq via $5.4bn SPAC deal
Lotus Technology, a luxury electric vehicle (EV) maker, will go public through a business combination with L Catterton…
Hindustan Zinc becomes first Indian mining company to deploy electric vehicle for underground operations
India’s Hindustan Zinc has deployed a battery electric vehicle (BEV) for its underground mining operations at its Sindesar…
Tube lnvestments of lndia to take full ownership of Cellestial E-Mobility
Murugappa Group’s Tube lnvestments of lndia (TII) said that its fully-owned subsidiary Tl Clean Mobility (TICMPL) has agreed…
Tata Power to set up DC fast charging points for GAIL Gas in Bengaluru
Tata Power and GAIL Gas Limited have entered into an agreement to set up DC fast charging points…
General Motors to invest $918m in four US V-8 engine production facilities
General Motors is planning to invest $918 million in four US production facilities to strengthen its full-size truck…
BRP Inc. to build $164m boat manufacturing plant in Chihuahua City
Canada-based BRP Inc. said that will break ground on an additional boat manufacturing plant in Chihuahua City, Mexico…
Shell USA to acquire EV infrastructure company Volta for $169m
Shell USA, a subsidiary of Shell plc, will acquire Volta, an American electric vehicle (EV) infrastructure company listed…
L&T Technology Services to support Airbus commercial and innovation programs
L&T Technology Services, a subsidiary of Larsen & Toubro (L&T), will support the European aerospace corporation Airbus in…