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Minda Corp exits Pricol with 15% stake sale, rakes in INR 260 cr profit – ET Auto

Baua Electric

After almost a year of investing in Pricol Ltd, Minda Corporation exited the automotive component maker by selling its entire 15.7% crore, Aditya Birla Sun Life purchased 30,30,000 shares for INR 104 crore, Fidelity Funds acquired 30,70,947 shares for INR 105 crore, and Nomura India picked up 30,97,900 shares worth INR 106 crore.

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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.

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Autonomy orders more than 2,500 Vinfast VF 8 and VF 9 EVs

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This is VinFast’s largest corporate order to date, and one of Autonomy’s largest electric vehicle orders. In addition to the VF 8 and VF 9, VinFast showcased VF 6 and VF 7 models presented in segments B and C at the LA Auto Show 2022. VinFast’s EVs are also warranted for up to 10 years.

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Minda Corporation, Pricol to present arguments to CCI over stake acquisition | Autocar Professional

Baua Electric

Minda Corporation and Pricol Ltd. The move was labelled a “hostile takeover” by many in the auto industry, setting the stage for a potential battle before the antitrust regulator. This obligation only applies to Minda Corporation and not the target company, Pricol. stakes worth Rs 400 crore in rival Pricol Ltd. .

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The united states’s Crew acquires Las Vegas public sale, increasing its succeed in within the West

Baua Electric

Worn-vehicle public sale services and products corporate The united states’s Crew has received a 17-acre public sale facility in Las Vegas — its first acquisition since settingup in overdue 2021 — marking its access into Nevada. A purchase order value used to be no longer disclosed.

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Honda investing $700M in three Ohio plants to retool for EVs; with LG gigafactory, Ohio becomes Honda EV hub

Green Car Congress

Honda will invest $700 million to re-tool several of its existing auto and powertrain plants in Ohio for production of electric vehicles. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. Combined withe the $3.5-billion Cumulatively, Honda has invested nearly $24.6

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Lordstown seeks purchaser amid Foxconn fiasco; negative takers to this point

Baua Electric

As of January, the corporate had assembled 31 Perpetuity pickups and delivered six cars. In Might, a “non-salable” automobile in depot it appears old in accident checks stuck fireplace, an echo of an Perpetuity street take a look at in 2021, which ended in a hearth that the corporate attributed to human error.