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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

Global 186
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Ola Mobility CFO resigns amid company restructuring – ET Auto

Baua Electric

Kartik Gupta, Ola mobility New Delhi: About two weeks after the resignation of Ola Mobility CEO, the company’s Chief Financial Officer Kartik Gupta has also resigned from the company. Ola Mobility said that Gupta’s exit is part of the company’s restructuring exercise.

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ZF Commercial Vehicle, IIT Madras join hands to build global mobility digital infrastructure – ET Auto

Baua Electric

The BM3S is a first-of-its-kind global digital infrastructure platform for sustainable and intelligent transportation. The BM3S is a first-of-its-kind global digital infrastructure platform for sustainable and intelligent transportation. Kaniappan, MD, ZF Commercial Vehicle, said in a statement.

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Robotics company Difacto raises USD 4.8 mn from Stakeboat Capital – ET Auto

Baua Electric

Ajay Gopalswamy , founder and chief executive of the Bengaluru-headquartered company, told ET that the money will be used to expand across sectors such as cars, home appliances and electronics, as investment and volume in manufacturing go up. Difacto, with three factories in Bengaluru and branches in Pune and Gurgaon, operates globally.

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Rosmerta unveils driver monitoring systems at Bharat Mobility Global Expo 2024 – ET Auto

Baua Electric

Driver monitoring system New Delhi: Delhi-based leading auto-tech company Rosmerta Technologies Limited has introduced a cutting-edge AI-based Driver Monitoring & Alert System integrated with a vehicle tracking management system.

Auto 98
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Hertz Global eyes worst day on record as EV rental business falters – ET Auto

Baua Electric

Shares of Hertz Global slumped 24% and were on track for their sharpest one-day percentage fall on record on Thursday after the company reported a wider-than-expected quarterly loss, highlighting its struggles with the EV rental business. Higher repair costs also weighed on the company’s overall fleet maintenance expenses.

Global 52
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Marelli gets contract from a global carmaker to supply battery thermal solutions for EVs – ET Auto

Baua Electric

New Delhi: Marelli has been awarded a significant contract from a major global carmaker to supply the Battery Thermal Plate (BTP) for future Battery Electric Vehicles (BEVs). The agreement involves various vehicle platforms and segments for the Chinese, North American and European markets, the company said in a media release.