The project, known as Volta Energy Solutions, is valued at C$700 million ($514.37 million) and is anticipated to reach full production capacity by 2026.

The Ohio-based Lordstown Motors, which filed for Chapter 11 bankruptcy, has presented a plan to repay its debts and shareholders, including Foxconn.

In the domestic market, Royal Enfield sold 69,393 motorcycles in August 2023, marking a 10% increase from the 62,892 motorcycles sold in August 2022.

The company recorded total sales of 22,910 units signifying a substantial y-o-y growth of 53% compared to August 2022 when it sold 14,959 units.

This reflects a substantial increase from the 165,173 units sold in August 2022, marking a remarkable 14.51% growth year-on-year.

The company registered a total of 71,435 units in sales, demonstrating strong performance in both the domestic and export markets.

This initiative seeks to foster a seamless transition towards cleaner and more sustainable transportation while safeguarding jobs and communities.

The potential technology licensing agreement would allow JSW to employ Leapmotor’s platform to manufacture EVs under its brand name in India.

The collaboration is aimed at enhancing the distribution and sales of Enigma’s electric 2W lineup across the nation through AutoEVmart.

Registering approximately 19,000 units in August, the company has achieved a Y-o-Y growth exceeding 400% compared to the same period last year.