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Uber, Kia sign electric vehicle partnership – ET Auto

Baua Electric

The partnership is aimed at “enhancing electric vehicle offerings available on Uber’s mobility platform. US ride-hailing platform Uber and South Korean automaker Kia announced Wednesday the signing of an agreement on producing electric vehicles, during the Consumer Electronics Show in Las Vegas.

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Hyundai Motor and Kia sign MoU with Exide Energy for EV expansion in India – ET Auto

Baua Electric

This strategic cooperation with Exide Energy marks the beginning of Hyundai Motor and Kia’s efforts to expand its exclusive battery development, production, supply and partnerships in the Indian market. New Delhi: Hyundai Motor and Kia sign MoU with Exide Energy as part of their electric vehicle (EV) expansion plans.

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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

Battery makers are set to benefit as sales of electric vehicles, which are powered by lithium-ion batteries, are expected to rise 66% this year in India after nearly doubling in 2023, according to research firm Counterpoint. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 billion rupees as per LSEG data.

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Battery stocks’ rally may extend after USD 2 billion surge – ET Auto

Baua Electric

and Kia Corp. are doubling down on the burgeoning electric vehicle market in the South Asian nation as sales cool in China, the US and Europe. A rally of 45% has made Exide Industries Ltd. That also boosted shares of Amara Raja Energy & Mobility Ltd. Global carmakers, including BYD Co.,

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Arrival names EY as administrator for two UK units – ET Auto

Baua Electric

British electric vehicle startup Arrival has named EY as administrator for two of its units, the consulting firm said on Monday, following struggles to get its business off the ground and secure enough funding to keep it running. market in an attempt to capitalize on the Inflation Reduction Act incentives and address a larger market.

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Samsung to partner with Hyundai, Kia for making cars ‘smarter’ – ET Auto

Baua Electric

Samsung has announced that it will partner with Hyundai Motor Group to expand its SmartThings platform to support connected cars, including electric vehicles (EVs). We plan to accelerate our technology development to continuously make global Hyundai and Kia customers’ journeys meaningful.”

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Sterling Tools signs MoU with South Korea’s Yongin for EV components facility – ET Auto

Baua Electric

New Delhi: Sterling Tools Limited, a leading automotive fastener manufacturer and, through its subsidiary, the leading manufacturer of Motor Control Units (MCUs) in India, has signed a Memorandum of Understanding (MoU) with South Korea’s, Yongin Electronics, a major supplier of components to the Hyundai Kia Motor Group.

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