Indonesia has officially launched a $1.2 billion joint venture with China’s battery manufacturing giant, Contemporary Amperex Technology Co. Ltd. (CATL), aiming to solidify its status as a major player in the global electric vehicle (EV) industry. The partnership, announced in mid-October 2024, involves Indonesia’s state-owned entity, Indonesia Battery Corporation (IBC), collaborating with CATL to establish […]
Hyundai Motor India is gearing up to launch one of the most anticipated IPOs in recent memory, marking the first public issue by an automaker in India since Maruti Suzuki’s landmark listing in 2003. The Hyundai India IPO is set to open on October 15 and is expected to fetch up to ₹27,870 crore ($3 […]
Autoline Industries Limited, a prominent player in the auto components manufacturing sector, has announced its unaudited financial results for Q1 FY25, ending 30th June 2024. The company is gearing up for a significant boost in FY25, driven by new strategic initiatives and robust operational enhancements. Strong revenue and margin outlook Looking ahead, Autoline Industries anticipates […]