Alton Kusher

Tummoc partners with redBus to simplify outstation travel with one solution, ET Auto

The collaboration empowers over 3 million existing customers to use Tummoc beyond intra-city transportation needs. New Delhi: Tummoc, India’s premier travel app known for simplifying daily local travel, has partnered with redBus, a large online bus ticketing platform, to streamline end-to-end outstation transportation. The collaboration empowers over 3 million existing customers to use Tummoc beyond…

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China’s SMIC sees lower Q4 gross margin, lifts annual capex forecast, ET Auto

High interest rate and persistent inflation have forced businesses to tighten their tech budgets, while U.S. restrictions on Chinese chip companies are also weighing on the sector. Semiconductor Manufacturing International Corp on Thursday lifted its annual capital expenditure forecast to around USD 7.5 billion and said it expects lower fourth-quarter gross margins. The Chinese chip…

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Hyundai LFP batteries, BMW i3 returning, GM permanent-magnet purge: Today’s Car News

The BMW i3 is returning. Hyundai is working on its own LFP batteries. And GM wants to do away with rare-earth materials in motors. This and more, here at Green Car Reports.  General Motors earlier this week announced a partnership that it hopes will produce permanent-magnet EV motors without rare-earth materials—and their controversial sourcing ethics…

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Kaynes SemiCon investing INR 2,850 crore in semiconductor assembly in Telangana, ET Auto

“We submitted the detailed project report in mid-October and technology partner agreements with Malaysia, Taiwan and the US. Before Christmas, we are expecting approvals to come through,” he said. Kaynes SemiCon, a 100% subsidiary of Kaynes Technology, is investing INR 2,850 crore in a facility in Hyderabad for outsourced semiconductor assembly and testing (OSAT), with…

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GM invented rare-earth magnets but hopes to purge them from EVs

Nearly 40 years ago, General Motors invented the rare-earth magnet and thus laid the foundation for modern electric motors. But now the automaker is moving on to a different technology. GM recently announced a partnership with Niron Magnetics, a Minnesota-based company that claims to have developed automotive-grade permanent-magnet motors without the rare-earth materials used in…

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Volkswagen EV Production In Zwickau Interrupted Again, But Not Because Of Demand

Volkswagen Group’s electric car factory in Zwickau, Germany will have to pause production of some of the MEB-based models. According to Freie Presse (via Electrive) and Automotive News Europe, the company’s largest EV factory was negatively affected by an insufficient supply of the all-new APP550 electric motors from the Kassel plant. The new motors were…

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