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Tesla’s corporate family rating upgraded to Ba1 by Moody’s Investors Services

Teslarati

Tesla’s corporate family rating has been upgraded two levels from Ba3 to Ba1 by Moody’s Investors Services, citing a positive outlook that the automaker will maintain its position as the leading manufacturer of EVs. Liquidity and cash balances are healthy, but Moody’s is keeping an eye on Tesla’s $2.3

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The i-MiEV goes on sale in 15 European countries; near-term plan to boost that to 19

Green Car Congress

Mitsubishi Motors Corporation (MMC) announced that sale of the European-spec i-MiEVelectric vehicle is to commence in 15 European countries: Austria, Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

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BorgWarner acquires Italy-based EV charging industry

Baua Electric

The purchase goal is anticipated to generate about $27 million in earnings this past, and BorgWarner expects to extend gross sales to $273 million by way of 2027. Eldor’s electrical hybrid techniques area is made up of about 300 workers, together with 100 engineers, throughout two R&D crops in Italy and a producing plant in Turkey.

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BorgWarner acquires EV charging industry in Italy for roughly $80 million

Baua Electric

The purchase goal is predicted to generate about $27 million in income this presen, and BorgWarner expects to develop gross sales to $273 million through 2027. The corporate has spent just about $140 million in R&D over the ultimate 5 years.

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Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

Baua Electric

In Europe, BYD has commissioned its own cargo ships to transport its EVs over from China until its incoming production facility in Turkey is erected. To further sales and expedite its expansion, BYD and lease specialist Arval have partnered up to offer additional financing options to get EU drivers in Chinese EVs.

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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

Green Car Congress

Governments in emerging markets and developing economies: Dominican Republic; Ghana; India – two-wheelers and three-wheelers constitute more than 70% of global sales and more than 80% in India. The declaration is not legally binding and is focused on a global level. Unilever; Vattenfall; Zenith; Zurich.

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Maruti Suzuki to commission one new plant and construct two new plants every year till FY31 | Autocar Professional

Baua Electric

lakh crore over the next seven years, the country’s largest car maker intends to not only drive the Indian passenger vehicle market to a new high but will also leverage the base to export over 7.5 lakh cars by 2030-31. Bharti did not give any guidance on the sales or production plan of the company.

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