The Renault-Geely joint venture aims to rake in USD 16 billion in annual turnover and employ 19,000 people on 22 sites around the world.
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INDUSTRY NEWSLatest News
Daihatsu resumes production after safety testing scandal
by Biplab Dasby Biplab DasThe Toyota-owned company’s Kyoto factory has resumed manufacturing the Probox van and Mazda-branded Familia van.
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Electric vehicles in North America accounted for 8.5% of Volkswagen’s total vehicle sales in January, up from just under 8% last year.
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For the current fiscal year, Nissan maintained its operating profit forecast of 620 billion yen, revising its retail sales outlook for the current financial year.
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Tesla reported almost USD 97 billion in revenue last year, equivalent to just under USD 690,000 for each of its over 140,000 employees.
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INDUSTRY NEWSLatest News
Amazon and BMW win lawsuit against counterfeit merchandise sellers in Spain
by Biplab Dasby Biplab DasThe lawsuit highlights the ongoing efforts to combat counterfeit goods circulating on online platforms.
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INDUSTRY NEWSLatest News
Panasonic Energy signs agreement with NOVONIX for synthetic graphite supply
by Biplab Dasby Biplab DasThe agreement is geared towards securing the supply of synthetic graphite, a critical component in the anodes of lithium-ion batteries utilized in electric vehicles (EVs).
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Harley-Davidson beat profit expectations for the fourth quarter as it focused on selling fewer bikes at higher prices to boost margins.
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INDUSTRY NEWSLatest News
Biden administration mulls import restrictions on Chinese smart cars
by Biplab Dasby Biplab DasThe contemplated import restrictions are aimed at bolstering data security measures concerning smart cars entering the United States.
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Euler Motors will manufacture the units at its production hub at Palwal, Haryana and deliver them within the next 18 months.