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Mullen Automotive acquires controlling interest in EV truck maker Bollinger Motors

Green Car Congress

Mullen Automotive, an emerging EV manufacturer, is acquiring a controlling interest in EV truck maker Bollinger Motors. The purchase price is $148.2 million in cash and stock for a 60% controlling interest, which gives Mullen the majority ownership of Bollinger Motors. —David Michery, CEO and chairman of Mullen Automotive.

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Motor vehicle taxation brings in €440.4B for governments in major European markets

Green Car Congress

New data shows that motor vehicles generate more than €440 billion in taxation per year for national governments in the major EU markets plus the UK, the European Automobile Manufacturers’ Association (ACEA) reports. This just goes to show the sheer scale of the importance of the automobile industry to Europe. United Kingdom ?

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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

Green Car Congress

At an Investor Day event in Seoul, Hyundai Motor said that it will accelerate its transition toward becoming a smart mobility solution provider by securing a large-scale investment of KRW 109.4 trillion (US$85 billion) over the next 10 years, including KRW 35.8 trillion (US$27.8 billion) for electrification. Production.

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Lithia Motors buys 14 automobile dealerships from Precedence Auto Staff

Baua Electric

The purchase builds off Lithia’s tiny footprint within the Mid-Atlantic environment and provides the automobile store a large presence right through Virginia. Lithia additionally purchased 3 dealerships alike Washington, D.C.: The got dealerships within the Chesapeake, Hampton and Newport Information, Va.,

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Toyota unveils 2 New bZ series EV models at Auto Shanghai

Green Car Congress

Toyota Motor Corporation unveiled two BEV concept models, the bZ Sport Crossover Concept and bZ FlexSpace Concept, at Auto Shanghai. BTET), a joint venture established by Toyota and BYD—; FAW Toyota Motor; and Toyota Motor Engineering & Manufacturing (China). It is planned to be produced and sold by FAW Toyota Motor.

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Comeback from Hindustan Motors with New Ambassador Electric car.

Electric Vehicles India

Great comeback from Hindustan motors with the new attractive Ambassador Electric car produced with a partnership with a French Auto manufacturing company. The report also says that the collaboration on the upcoming project will be based on a 51:49 ratio, giving the controlling stakes to Hindustan Motors.

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Top 10 Electric Motor Manufacturing Companies in India

Baua Electric

Here we provide the list of Top 10 Electric Motor Manufacturing Companies in India. The Idea is to give an overview of the Best electric Motor brands in India that user can think of buying it and these brands are more trusted, reliable, and cost effective. GE Industrial Motors GE IM 3. ABB India Private Limited ABB.com 2.

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