Tata Motors to get $1bn investment for passenger EV business from TPG fund
The new subsidiary will use Tata Motors’ existing investments and capacities and will focus all the future investment…
Cars
Digital car platform Vroom to buy auto finance provider UACC for $300m
13 Oct 21The deal will help Vroom expedite its strategy to create captive financing capabilities
CATL plans to build $5bn battery material recycling facility in China
13 Oct 21The Chinese firm will create a joint venture with Hubei Yihua Chemical Industry for recycling used EV batteries
Hyundai Mobis to invest $1.1bn in two new fuel cell plants in South Korea
08 Oct 21The company is targeting to begin mass production of fuel cells at the plants in the second half…
General Motors to build new battery cell innovation centre in Michigan
06 Oct 21The Wallace battery cell innovation hub is expected to develop its first prototype cells in Q4 2022
Qualcomm, SSW to acquire automotive tech firm Veoneer for $4.5bn
05 Oct 21The Swedish firm has scrapped its previously announced $3.8bn deal with Magna International following the superior proposal
DESTEN introduces ultrafast EV charging solution in Indonesia
05 Oct 21The technology is designed to charge a DESTEN battery-powered car to achieve 500km of range in less than…
Ford, SK Innovation to invest $11.4bn in US for new EVs and batteries
28 Sep 21The investment will be used towards developing two new campuses for manufacturing the next generation of electric F-Series…
Swedish EV firm Polestar reportedly on verge of sealing $20bn SPAC deal
27 Sep 21Founded by Volvo Cars and Chinese automaker Geely in 2017, Polestar has developed two electric performance cars and…
French automaker Renault to cut 2,000 jobs amid plans to boost EV line up
17 Sep 21The company revealed plans to build nine new vehicles in France, of which most of them will be…