Fisker Has ‘2 Cars That Are Almost Ready.’ Might Be Made By ‘Traditional’ Car Companies

Fisker, the California-based startup behind the Ocean all-electric SUV, has more models in the pipeline and it’s looking at legacy automakers to help build them, according to Reuters. As per the news agency, who spoke with founder and CEO Henrik Fisker, the American marque needs some heavyweight partners to scale production of its upcoming EVs…

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Ford, LGES And Koc Scrap Battery Cell JV Factory Plan In Turkey

Ford, LG Energy Solution (LGES), and Koc Holding’s joint venture EV battery cell factory near Ankara, Turkey will not materialize due to market uncertainty. Ford‘s long-term partner, Turkey’s Koc Holding, announced that it has revoked an earlier agreement to build the battery plant for commercial electric vehicles, which are produced locally. Let’s recall that the…

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Turnaround, new prospects fuel Firodias’ plan to further hike stake in Kinetic Engineering, ET Auto

The big bet for new growth is on the obvious growing electrification megatrend. Seen as a “gold mine”, Kinetic Engineering has developed a rigid axle, or a transaxle solution for some EVs. New Delhi: Last week, component maker Kinetic Engineering announced a net profit INR 1.7 crore for April – September 2023, which the company’s…

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Rural accessibility takes a hit as transport policies fail to make up for dismantled MPSRTC, ET Auto

After the discontinuation of MPSRTC, requests for improved public transportation in rural regions began to surface. “Ideally, a bus journey from here to my village should take eight hours, but since there is no direct bus, I will have to change buses in Indore,” Patidar adds. “Private buses charge arbitrary fares. Many times, drivers halt…

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