BMW Group subsidiary idealworks gains Agile Robots AG as majority shareholder, ET Auto

Agile Robots AG, a spin-off of the German Aerospace Center (DLR), which produces robotic-based solutions for the automotive and consumer electronic industries. New Delhi: Munich-based technology company Agile Robots AG is joining idealworks, a subsidiary of the BMW Group founded at the end of 2020, as a strategic investor. As a deep tech company, idealworks…

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Polestar Cuts Delivery, Profit Margin Forecast Even With Revenue And Sales Up

Polestar’s third-quarter financial results reveal a challenging market situation, which forced the company to reduce its expected electric car deliveries in 2023 to around 60,000. Previously, Polestar expected 60,000-70,000 deliveries, which was already reduced from the initial guidance of 80,000 units. In Q3, deliveries amounted to 13,976 electric cars (up 50 percent year-over-year), while during…

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Lohum and Log9 Materials strike deal on Lithium Battery Recycling in India, ET Auto

Registered under India’s Battery Waste Management Rules (BWMR 2022), Lohum will aid Log9 in achieving its material recovery targets for LTO batteries. New Delhi: Lohum, an energy transition and battery materials firm has formed a strategic alliance with Log9, an Advanced EV battery technology company to address the mounting concern of sustainable battery disposal in…

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