Daesol Ausys announced its venture to construct a factory in Georgia, to manufacture luggage boards and compartment covers for EVs.

A total of 76,451 vehicles were manufactured last month, reflecting a substantial 31.6% increase compared to the previous year.

The state of California has already granted approval for a $25 million tax credit to support the proposed factory’s development.

The partnership aims to establish a comprehensive cooperation across the nickel value chain, a critical component in the production of electric vehicle (EV) batteries.

The Wall Street Journal reported that the investigation centers on allegations that Tesla misrepresented the driving range of its vehicles.

Toyota will gradually resume operations at 25 production lines across twelve plants in its home market.

Under the share purchase agreement, Schaeffler India Limited will acquire all 100% shares of KRSV Innovative Auto Solutions Private Limited.

The acquisition is valued at INR 103 crore, signaling Gulf Oil’s strategic move to strengthen its presence in the rapidly growing EV market.

Estimates suggest that the strike could lead to operating losses amounting to up to 1 trillion won, thus exerting substantial financial pressure.

This strategic move by BYD aims to broaden its customer base and product range while capitalizing on Jabil’s sectoral growth potential.