The agreements with MP Materials Inc and privately-held Vacuumschmelze are the latest push by GM to domestically source EV materials for its Ultium platform, a goal it hopes to achieve by 2025.
Minda Industries and FRIWO AG have entered into a joint venture agreement to manufacture and supply various electric vehicle components in the Indian subcontinent. The JV plans to incur a capex of around Rs. 390 crore over the next 6 years.
The current global shortage of electronic components has taken a hit on production, leading to delivery backlogs. Effectively, the waiting period on Maruti Suzuki cars has also gone up. For petrol cars it's up to 12 weeks and around 18 weeks for CNG models.
In a letter to US senators, Deputy Prime Minister Chrystia Freeland said Ottawa is "deeply concerned" by an electric vehicle tax credit proposed in the Build Back Better Act that it says violates the United States-Mexico-Canada Agreement.
Volvo Cars and battery maker Northvolt will open a joint research and development centre in Sweden as part of a 30 billion crown ($3.3 billion) investment, the carmaker said on Friday.
The all-electric Renault Zoe has received a disappointing zero-star crash rating from Euro NCAP. The car scored 43 per cent for adult occupant protection, 52 per cent for child occupant protection, 41 per cent for vulnerable road users protection and a mere 14 per cent for safety assist features.
The MG Hector SUV has become the first product from the brand to be exported from India to Nepal. The sales and service-related activities will be taken care of by Paramount Motors, MG's Nepal-based dealer partner.
