Volvo EX30 To Be Made In Europe From 2025 After ‘Strong Demand’

Volvo Cars announced today that the all-new, all-electric Volvo EX30 model will be produced at its Ghent plant in Belgium starting in 2025. The decision to add a second manufacturing site after Zhangjiakou, China, where production started earlier this autumn, was made after receiving “strong demand” for the next-generation small electric crossover/SUV, the company explains….

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Log9 Materials to buy back INR 1.5 cr ESOP this year, ET Auto

This year’s ESOP buyback encompasses shares of 17 employees, many of whom have been instrumental in propelling Log9’s remarkable growth. New Delhi: In continuation of an unwavering commitment towards wealth creation for its team members, Log9 Materials, the emerging pioneers in battery technology, has announced an Employee Stock Ownership Plan (ESOP) buyback worth INR1.5 crore…

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Arizona says closely monitoring use of self-driving vehicles, Auto News, ET Auto

The Arizona Department of Transportation said it was aware of the announcement from California and was closely monitoring the situation. Arizona is closely monitoring the testing and use of self-driving vehicles in the state, its transportation department said on Wednesday, a day after California barred General Motors’ Cruise from operating its driverless cars. The Arizona…

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Atlas Copco Q3 tops forecast, but warns of slow semiconductor recovery, ET Auto

JPMorgan said that decline was also in line with a delay in an expected recovery of the semiconductor industry. Swedish industrials group Atlas Copco beat third-quarter adjusted profit forecasts on Wednesday, but warned demand would weaken in the near term amid a slower than expected recovery in the semiconductor industry. Operating profit adjusted for items…

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BMW Group Logistik tests e-semitrailer in various scenarios, ET Auto

The e-trailer’s battery was charged carbon neutrally using 100% green energy, meaning that with series application, a single electric trailer could facilitate a CO2 reduction of around 120 tonnes per year. New Delhi: BMW Group Logistik, in collaboration with the technology innovator Trailer Dynamics, has successfully tested an electrically powered semi-trailer on various tracks and…

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Hyundai expands free anti-theft software installation mobile clinics in US, ET Auto

The software upgrade modifies certain vehicle control modules on Hyundai vehicles equipped with standard “turn-key-to-start” ignition systems. New Delhi: As part of its ongoing efforts to assist customers and communities affected by the social-media driven thefts of certain vehicles not equipped with push-button ignitions and engine immobilizers, Hyundai has announced five national multi-day anti-theft mobile…

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