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Minda Corporation forms 50:50 JV with HSIN Chong Machinery Works Co. – ET Auto

Baua Electric

New Delhi: Minda Corporation Limited, the flagship company of Spark Minda , a leading automotive components supplier to OEMs and tier-1 customers, signed a joint venture (JV) agreement with HSIN Chong Machinery Works Co. HCMF ) from Taiwan, a leading global manufacturer of automotive sunroof and closure systems.

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Rincell Corporation raises USD 1.2 m seed round investment – ET Auto

Baua Electric

About the investment in Rincell, Sandiip Bhammer said, “Our investment in Rincell reflects a commitment to pioneering technologies that are set to revolutionize global energy storage and supply.” ” New Delhi: Rincell Corporation , an advanced chemistry battery cell manufacturer, has raised USD 1.2

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GlobalData: Global automakers earmark nearly US$600B for EVs over next decade

Green Car Congress

Aggressive emission and carbon neutrality targets set by regulators worldwide entails a faster transition from traditional automakers to next-gen electric vehicle (EV) manufacturers. Prior to this, Toyota had only a few BEV models manufactured with its Chinese partner GAC Group. Toyota plans to launch 30 models by 2030.

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Volvo Cars and Geely Auto to deepen collaboration; new combined powertrain company

Green Car Congress

Volvo Cars and Geely Auto have agreed on a wide-ranging collaboration that will maximize the strengths of the Swedish and Chinese automotive groups, delivering synergies in powertrains, sharing of electric vehicle architecture, joint procurement, autonomous drive technologies and aftersales.

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Honda secures auto industry’s largest renewable energy purchase; 60% reduction in CO2 from N.A. manufacturing operations

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Seeking to slash CO 2 emissions from its North American manufacturing operations, Honda has entered into long-term virtual power purchase agreements (VPPAs) for renewable wind and solar power that will cover more than 60% of the electricity that Honda uses in North America.

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Motherson Group collaborating with UBQ to bring carbon-negative thermoplastics into auto parts

Green Car Congress

Global automotive Tier 1 manufacturer Motherson Group is collaborating with Israeli cleantech company UBQ Materials. The companies are joining efforts to implement the carbon-negative UBQ thermoplastic ( earlier post ) into auto parts manufactured by Motherson Group for the automotive industry.

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ACMA‘s Global Summit and Expo places India at the forefront of EV parts production, innovation – ET Auto

Baua Electric

“The Global Summit & Expo’s success underscores electric vehicles’ transformative potential and manufacturing opportunities in India,” Shradha Suri Marwah, President, ACMA, and Managing Director, Subros Ltd. billion to 4 billion in manufacturing and R&D over the past five years.

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