Started by giving bicycles on rent, got funding of Rs 653 croreElectric mobility leader Yulu has secured equity funding of $82 million (Rs 653 crore) to grow its mobility and battery swapping business led by Magna International Inc. and Bajaj Auto Ltd.The demand for electric vehicles is increasing day by day in the world market. […]
Magna to Build Modular EV With Israeli Startup REE
Magna International Inc. will develop a modular electric vehicle with Israeli startup REE Automotive, helping the Canadian auto supplier and contract manufacturer muscle further into a growing field of EV players…Read More…
LG and Magna announce billion dollar joint venture in electric car gear
The joint venture, tentatively called LG Magna e-Powertrain and valued at $1 billion, will manufacture e-motors, inverters and onboard chargers, according to LG Electronics TORONTO/SEOUL : South Korea-based LG Electronics Inc and automotive supplier Magna International Inc are launching a joint venture that will make key components for electric cars, the companies announced on Wednesday.The […]