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Chinese auto chip maker SemiDrive closes $140 million Series B+ financing

CN EV Post

The post Chinese auto chip maker SemiDrive closes $140 million Series B+ financing appeared first on CnEVPost. For more articles, please visit CnEVPost. SemiDrive currently has four series of products with an annual output of one million chips.

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Revamp Moto partners with loan providers for 2W financing solutions – ET Auto

Baua Electric

The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% The financing partners will extend credit lines to the customers, with interest rates ranging between 12.4% and 15%, with a repayment period extending up to five years. and 15%, with a repayment period extending up to five years.

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Renault India joins with Bajaj Finance to offer financing solutions to its customers – ET Auto

Baua Electric

Renault India and Bajaj Finance are confident that this collaboration will strengthen their position in the market and reaffirm their shared mission of providing outstanding auto financing solutions to customers. RIPL), the European car brand in India, has partnered with Bajaj Finance Ltd., an arm of Bajaj Finserv Ltd. ,

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Kolhapur has potential to be auto component mfg hub: Gadkari – ET Auto

Baua Electric

Union road transport minister Nitin Gadkari on Saturday said Kolhapur had the potential to become a hub for manufacturing automobile components and that govt was looking to turn the ethanol industry into a INR 2-lakh-crore sector. Kolhapur is home to sugar mills and we are going to make the ethanol industry a INR 2-lakh-crore sector.

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A mini industry spawns under the hood of a booming car market – ET Auto

Baua Electric

Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold. As per industry estimates, about 4.1 Under the auto boom, a smaller industry is also growing: the used or pre-owned car market, where for every two new cars, three used cars are sold.

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Visiting Chinese trade official warns EU on greentech probe – ET Auto

Baua Electric

China’s top trade official warned the European Union against protectionism on Friday, saying Beijing was puzzled by EU probes into green tech exports and the bloc’s concerns they threaten the domestic solar panel, wind turbine and electric vehicle industries.

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Decoding how connected vehicles can catalyse safer, sustainable mobility – ET Auto

Baua Electric

These advancements have not only increased the value proposition of connected vehicles as a solution but are slowly fostering a culture of informed driving practices for the commercial vehicle industry at large. In fleet financing, it can overhaul traditional models by harnessing detailed vehicle usage and risk assessment data.

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