Schneider Electric Infra Appoints Sanjay Sudhakaran as MD and CEO

The board also appointed Amol Phatak, who is currently serving as the Director for Industrial Strategy Deployment, as Additional Director from May 1 Sanjay Sudhakaran has been appointed as the Additional Director, Managing Director and Chief Executive Officer at Schneider...

India To Become Top EV Maker In the World: Nitin Gadkari

Gadkari said indigenous battery technology will make EV the most effective means of transport Within six months, he is confident that India will be in position to make 100 per cent lithium-ion battery in India, there is no...
partnership

Japan’s New Battery Industry Group BSAC To Seek Increased Government Support: Report

The BASC’s 55 members include Nissan Motor Co Ltd, Sumitomo Metal Mining Co Ltd, Asahi Kasei Corp, Panasonic Corp and Toyotsu Lithium Corp The report added that Isao Abe, chairman of the BASC, told a news conference that...

Okinawa Autotech Investing Rs 70 Crore In Components Unit At Raj Plant

Jeetender Sharma, founder & managing director of Okinawa said that this move makes Okinawa the first electric two-wheeler maker to have own assembly line for motors and controls, the two key components in an EV after the battery ...

Geely’s EV Unit Polestar Raises $550 Million, Company Says: Report

The company said in a statement that funding will help accelerate product development and output as Polestar prepares to launch new car models in the coming years Polestar said Chinese investors Chongqing Chengxing Equity Investment Fund Partnership and...

GM and LG To Build New Battery Manufacturing Plant in Tennessee, US

LG Chem said in a regulatory filing that its LG Energy Solution unit will invest $933.5 million in the plant between 2021 and 2023 Joint venture partners General Motors Co and LG Energy Solutions announced their plans to build a...

EeVe Looks to Tap Additional Funds Worth $15 million To Fuel Expansion Plans

The firm is coming up with its own manufacturing plant in Bartana, some 60 km from capital city Bhubaneswar, with an installed capacity to produce 2.5 lakh vehicles per annum EeVe is looking to tap $15 million (Rs 100 crore)...

Brevan Electronics and NewPower Worldwide Announce Strategic Partnership Amid Global Component Shortage

Brevan anticipates leveraging NewPower's proprietary trading platform (Empower) to help source hard-to-find parts and provide its customers with alternative supply chain solutions NewPower Worldwide's experience and expertise will provide Brevan's customers with options when scheduled supply is either...

BHEL To Buy Products Worth Rs 3,000 Crore From Small Businesses Annually

The company has set aside 300 products which it will pick from the small and medium enterprises Bharat Heavy Electricals Ltd (BHEL), the country’s largest power equipment manufacturer, will procure products worth Rs 3,000 crore per year from small businesses,...

MeitY Extends Application Deadline For IT Hardware PLI Scheme

An empowered group of secretaries, headed by the Cabinet Secretary, will monitor the scheme and undertake a period review of the outgo under the scheme The Ministry of Electronics and IT has extended the deadline to submit applications for the...

QuickLogic Joins Open Source FPGA Foundation As Founding and Premier Member

As a Premier Member, QuickLogic will join the Board of Directors of the OSFPGA Foundation QuickLogic Corporation is a fabless semiconductor company that develops low power, multi-core semiconductor platforms, FPGAs and embedded FPGA (eFPGA) Intellectual Property (IP) for...

Airtel Board Approves Demerger of Telecom Business, Merger Of Wholly-Owned Units With Parent Company

This move comes as Bharti Airtel sets to renew its corporate structure, aiming to sharpen the company’s focus on driving the rapidly unfolding digital opportunities and monetising them Bharti Airtel’s board has agreed to the proposition of merging its wholly...

Optiemus Acquires 100 Percent Stake In JV Unit With Wistron

Under the joint venture, the companies had manufactured handsets for LG, Blackberry, HTC, Oppo, OnePlus, and JioPhones The joint venture between Wistron and Optiemus Infracom has ended after Optiemus acquired the 19.91 per cent shares held by Wistron in the...

Airtel Unit Nettle Acquires 100 Percent Stake In OneWeb

OneWeb is preparing to launch its fast broadband services in India by June 2022 Airtel subsidiary Nettle Infrastructure Investments has procured a complete stake in OneWeb India Communications Pvt Ltd for an undisclosed amount. It was an all-cash transaction.  “Nettle Infrastructure...

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Hero MotoCorp And Taiwan’s Gogoro Form JV To Accelerate E-Mobility In India

The venture will develop and launch Hero-branded electric two-wheelers across various Indian cities that will be powered by Gogoro’s battery network Aiming to accelerate the...

Foldable Smartphone Market Expected to Grow, Reach 18 Million Units by 2022: Report

Samsung has been a pioneer in the field and had rightly held over 80 per cent of the total market share for foldable smartphones...

Covid 19 Has Had Positive Impact on The Robotics Industry: Beroe

Robotics trends are driven by factors like lower labor costs as the need for human resources is reduced. Around $5,000 to $10,000 is the...

LG Chem Launches Second CNT Plant, Looks To Become A Global CNT Leader

Plans of construction of a third plant are also underway this year Eyeing the rapidly rising demand for electric vehicles globally, LG Chem announced the...

Residential Sector EV Chargers Will Sell More Than The Commercial Ones: Technavio

43 per cent of the market's growth will originate from APAC during the forecast period. China is a key market for electric vehicle chargers...