PMI Electro Mobility received its maiden investment from PCF in the form of convertible securities. Leading electric bus manufacturer PMI Electro Mobility Solutions Pvt. Ltd. has received strategic investment of INR 250 crore from Piramal Alternatives, the fund management business of the Piramal Group to bolster its green mobility initiatives. The investment has been made…
XPENG, a leading Chinese smart electric vehicle company, announced its vehicle delivery results for September and the third quarter of 2023. In September 2023, XPENG recorded monthly deliveries of 15,310 Smart EVs, representing a 12% increase over the prior month and a 81% increase year-over-year, underscoring XPENG’s strong growth trajectory for eight consecutive months. XPENG…
At the age of 58, stuck in her house through the long nights of the coronavirus pandemic, Michelle Brennen started to spend more and more of her time thinking about the worst thing that had ever happened to her. She was 10, on summer vacation. She had been playing in the yard in Essex, Vt.,…
Ashok Leyland is India’s largest bus manufacturer and the 4th largest in the world. This order represents another step towards solidifying its position of leadership, the company said New Delhi: Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, has bagged an order for 1,282 fully built buses…
In October, XPeng, for the ninth consecutive month, increased its electric car deliveries (globally) month-over-month, achieving a pretty strong year-over-year growth rate as well. Last month, the Chinese company delivered 20,002 all-electric vehicles, which is 292 percent more than a year ago and a new record result. It’s the first time the automaker delivered over…
Positive Sentiments for Indian Manufacturing Despite Global Headwinds: FICCI Survey New Delhi: Global headwinds notwithstanding, FICCI’s latest quarterly survey on manufacturing reveals that sentiments remain positive for Indian manufacturing during the first quarter of 2023-24. The survey observed that after experiencing revival of the Indian economy in FY22, the momentum of growth has continued for…
Allego N.V., a pan-European public electric vehicle fast and ultra-fast charging network, today announced its partnership with Go’on Gruppen A/S (“Go’on”), one of Denmark’s largest fueling companies, under which Allego will install 168 fast charging ports with exclusive access to all 185 of Go’on’s currently existing stations across the country. Allego views this partnership as…
The Food and Drug Administration said on Friday that it was moving to close what has widely been viewed as a loophole allowing certain lab tests — like those that determine the profile of a tumor or the genetic health of a fetus — to bypass review with virtually no tracking or oversight. The agency…
Ram’s future commercial vehicle lineup could include both battery-electric and hydrogen fuel-cell vans. Ram parent Stellantis on Monday unveiled battery-electric and fuel-cell powertrains as part of a revamp of commercial vans for its European-market brands Citroën, Fiat, Opel, Vauxhall, and Peugeot. Details on future Ram vans are being saved for another date, but Stellantis hinted…
Entomologists in Thailand have been stunned by an electrifying new species of tarantula found in the southern part of the country. The spider, known as the Chilobrachys natanicharum, has a “blue-violet hue resembling the color of electrical sparks,” researchers from the Entomology Museum at Khon Kaen University and the Natural History Museum of the National Science…
