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Delhi Transport Corporation orders 1500 Tata Motors electric buses

Green Car Congress

Delhi Transport Corporation (DTC) signed a definitive agreement with Tata Motors’ fully owned subsidiary, TML CV Mobility Solutions Ltd. will supply, operate and maintain 1,500 units of 12-meter low-floor air-conditioned electric buses for a period 12 years. for operation of 1,500 electric buses in the city of New Delhi.

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Iveco Group acquires full control of Nikola Iveco Europe

Green Car Congress

Iveco Group N.V. announced that, following the finalization of the definitive agreements with Nikola Corporation as per the terms sheet described on 9 May 2023, its subsidiary Iveco S.p.A. Iveco Group N.V.

Europe 395
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Hyundai Motor Group and SK On to invest $5B in EV battery cell production joint venture in Georgia

Green Car Congress

Hyundai Motor Group plans to set up an electric vehicle (EV) battery cell production joint venture in the US with partner SK On. The Group affiliates Hyundai Motor Company, Kia Corporation and Hyundai Mobis each approved the plan at their respective board meetings.

Georgia 320
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Volkswagen Group and Chinese manufacturer Ganfeng sign memorandum of understanding for long-term lithium supplies

Green Car Congress

The Volkswagen Group and Ganfeng Lithium Co., GFL) registered in Jiangxi (China) have signed a memorandum of understanding on long-term lithium supplies for battery cells. Under the agreement, Ganfeng will supply lithium to the Volkswagen Group and its suppliers for the next ten years.

Supplies 268
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BMW i Ventures launches new $300M fund for sustainability, transportation, manufacturing and supply chain investments

Green Car Congress

The new fund will invest in early to mid-stage start-ups operating in the sustainability, transportation, manufacturing, and supply chain industries. This marks BMW i Ventures’ second dedicated investment fund, which is fully backed by BMW Group. Ulrich Quay will move into a new role at BMW Group in Munich, Germany.

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Hyundai Motor Group signs MOU with SK On to secure EV battery supply for N America

Green Car Congress

Hyundai Motor Group signed a memorandum of understanding (MOU) with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the US after 2025 for the EV production. million full electric vehicles annually by 2030.

Hyundai 199
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Volkswagen Group and Salzgitter AG sign MOU on supply of low-CO2 steel from the end of 2025

Green Car Congress

The Volkswagen Group and Salzgitter AG—which have been partners for more than 60 years— signed a Memorandum of Understanding under which Volkswagen will become one of the first customers for the low-CO 2 steel that Salzgitter AG plans to produce on a new production route at its headquarters in Lower Saxony from the end of 2025.

Low CO2 273