Automotive industry
The largest ICE raid of the Trump era took place on a 3,000-acre "megasite" owned by a joint venture of Hyundai and LG Energy, near the port of Savannah, Georgia. The megasite had a notoriously bad safety record, with two workers killed in preventable accidents in just
Automotive industry
Automakers in India have welcomed the recent GST council's decision to introduce a two-tier tax system, paving the way for significant price cuts on commercial and passenger vehicles. The new tax slabs of 5 per cent and 18 per cent will reduce the cost of ownership for customers,
Batteries
Chinese battery giant CATL has reinforced its presence in Europe by unveiling its latest generation of electric vehicle (EV) batteries, dubbed "Shenxing Pro," in Munich, Germany. The launch comes ahead of the 2025 IAA Mobility show, a leading auto industry gathering in Europe. The new battery, based on
Batteries
The Vietnamese carmaker, VinFast, has entered the fiercely competitive electric vehicle (EV) market in India by launching the VF 6 and VF 7 at affordable prices. These vehicles, designed by the Italian studio, Torino Design, offer long ranges and advanced driver-assistance systems (ADAS). The VF 6 is priced between Rs
Electric vehicles
As a result of the escalating trade war with the United States, Canadian Prime Minister Mark Carney has announced a significant package of financial aid and new measures to help the country adjust to a "rupture" in the global world order. This package includes a $5-billion Strategic Response
Electric vehicles
Iowa Attorney General Brenna Bird has declared victory in a lawsuit against the Biden administration's electric vehicle handout, which overstated the efficiency of electric cars by more than six times. The lawsuit, led by Iowa with a 13-state coalition, alleged that the rule violated the Administrative Procedure Act
Batteries
Dr Eoin Devane, head of carbon budgets at the Climate Change Committee (CCC), has expressed increased confidence in the market's shift towards electric-powered heavy goods vehicles (HGVs). Speaking at a Scottish Parliament committee, he highlighted the progress made in the electric vehicle sector, particularly in the light-duty sector.
Batteries
The Czech government has approved investment incentives for seven projects in various sectors, including healthcare, electromobility, energy, and construction, worth over €630 million. The projects are expected to bring in returns of up to €1.8 billion to the budget. The largest project is a €270 million investment by Gestamp
Electric vehicles
Canada's auto industry is facing two major challenges: the US trade tariffs and the aggressive electric vehicle (EV) mandates implemented by the federal and provincial governments. The industry's survival depends on securing a trade agreement with the US to eliminate tariffs, while also addressing the unrealistic
Electric vehicles
Ashok Leyland, the flagship of the Hinduja Group, has announced a significant investment of ₹5,000 crore over the next 7-10 years to develop and manufacture next-generation batteries for automotive and non-automotive applications. The company has entered into a long-term exclusive partnership with CALB Group, a leading battery technology company
Batteries
Ashok Leyland, a flagship of the Hinduja Group and India's leading commercial vehicle manufacturer, has announced a major investment in the development and production of next-generation batteries. These batteries will serve both automotive and non-automotive applications, including energy storage systems. The company has entered into a long-term exclusive
Electric vehicles
Ashok Leyland, a leading Indian auto manufacturer and part of the Hinduja Group, has formed a strategic partnership with CALB, the world's seventh-largest battery supplier to the EV industry. As part of this new partnership, Ashok Leyland plans to invest Rs 5,000 crore in the battery manufacturing
