The automaker invests $758 million in a new BEV production plant. Kia is shifting its EV strategy into a higher gear with a major announcement of a new production plant, which will be located in the Gyeonggi Province in South Korea. While the $758 million (1 trillion won) investment is surely very important, there’s another […]
Getting to carbon-free commercial fleets – EQ Mag
Commercial transport operators can take action now to decarbonize their fleets and start to lower their total cost of ownership. As global temperatures continue to rise, the clock is ticking on climate change.1 And with transport being the second-biggest industrial emitter of greenhouse gases, the same is true for internal-combustion engines (ICE). One reason is […]
Delay in expansion plans as we want right partner for EV business: Ashok Leyland – EQ Mag Pro
The city-headquartered company of the Hinduja Group is planning to raise around $200-250 million to support its electric vehicles (EV) arm — Switch Mobility Hinduja Group flagship Ashok Leyland is in advanced stage of discussions with investors for its electric vehicle business and the delay was largely to ensure that the company has the ‘right […]