article thumbnail

Tesla’s corporate family rating upgraded to Ba1 by Moody’s Investors Services

Teslarati

Tesla’s corporate family rating has been upgraded two levels from Ba3 to Ba1 by Moody’s Investors Services, citing a positive outlook that the automaker will maintain its position as the leading manufacturer of EVs. Liquidity and cash balances are healthy, but Moody’s is keeping an eye on Tesla’s $2.3

article thumbnail

Ultraviolette looks to expand operations to Middle East and Europe with Mach2 launch   | Autocar Professional

Baua Electric

Last month, the company marked its Europe entry by establishing operations in Turkey. Niraj Rajmohan, Co-founder and CTO, Ultraviolette told Autocar Professional that 2024 will be its “year of entry into the global markets, and consolidating its India presence at the same time.” lakh today.

Europe 52
article thumbnail

Synovate Global Study Explores Future Car Buyers Sentiments

Green Car Congress

Anger, frustration, greed, lack of trust are a few of the many sentiments expressed by consumers and future car buyers globally, according to a recent “Tipping Point” study by Synovate Motoresearch, the automotive division of global market research company Synovate.

Future 218
article thumbnail

Accelerating green wheels: BYD’s EV lease deal with Arval will electrify Europe’s roads

Baua Electric

The Chinese EV automaker is quickly becoming a globally recognized name, recently garnering some serious clout after usurping long-time leader Tesla as the global EV leader by volume. In Europe, BYD has commissioned its own cargo ships to transport its EVs over from China until its incoming production facility in Turkey is erected.

BYD 52
article thumbnail

BorgWarner acquires Italy-based EV charging industry

Baua Electric

Eldor’s electrical hybrid techniques area is made up of about 300 workers, together with 100 engineers, throughout two R&D crops in Italy and a producing plant in Turkey. The corporate has spent just about $140 million in R&D over the latter 5 years.

Italy 52
article thumbnail

BorgWarner acquires EV charging industry in Italy for roughly $80 million

Baua Electric

Eldor’s electrical hybrid methods department is made up of about 300 workers, together with 100 engineers, throughout two R&D vegetation in Italy and a producing plant in Turkey. The corporate has spent just about $140 million in R&D over the ultimate 5 years.

Italy 52
article thumbnail

Westport Innovations acquires alt fuel systems company Prins Autogassystemen for €12.2M

Green Car Congress

In collaboration with Keihin Corporation of Japan, a leading manufacturer of Original Equipement (OE) fuel systems, Prins developed an advanced sequential vapor gas injection system (VSI). Its global distribution network sells to end customers in more than 50 countries through OEMs, country importers, and distributors. million (US$26.8

Companies 220