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Matter Motors Plans To Go Public In The Next 3-4 Years; Looks To Expand & Export Soon
Matter Motors plans to raise up to USD 200 million in the next 3-4 years. The EV startup will go public for raising the funds.
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Suzuki Motor Halts Swift Production Amid China's Rare Earth Curb: Sources
Suzuki Motor had suspended production of its Swift car due to China's rare earth restrictions, two sources familiar with the matter said, becoming the first Japanese automaker to be affected by the export curb.
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Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
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Nissan, Honda Explore Merger To Take On World's Biggest Carmaker
Honda Motor Co. and Nissan Motor Co. are exploring a merger, according to people familiar with the matter, that would create a singular rival to Toyota Motor Corp. in Japan.
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Hyundai Said To Be Considering One Of India's Biggest Ever IPOs
Hyundai Motor Co. is considering an initial public offering for its India unit that may raise about $2.5 billion, according to people familiar with the matter, potentially making it one of the biggest listings ever in the South Asian country.
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Watch: YouTuber Arrested After Video Shows Him Throwing Currency Notes On Gurugram Road
The Gurugram Police took cognizance of the matter and registered a case under the Motor Vehicle Act for dangerous driving and endangering the lives of others.
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Supreme Court To Have Specialised Benches For Criminal, Tax, Other Issues
The Supreme Court will have four special benches to conduct proceedings in issues relating to criminal matters, direct and indirect tax matters, land acquisition matters, and motor accidents claims tribunal.
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MG Motor, Latest Chinese Firm To Be Investigated By India
India has begun an inquiry into MG Motor India Private Ltd. over alleged financial irregularities, according to people with knowledge of the matter, deepening a scrutiny of Chinese firms operating in the country.
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Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
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Revolt RV 400 Electric Bike Deliveries Begin Across 6 Cities
Revolt Motors has increased the pace of deliveries of its electric bikes after resuming production following a brief pause due to the pandemic.
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Tata Motors Sells Over 4000 Units Of The Nexon EV In 14 Months
Tata Motors has said that it has sold a total of 4219 Nexon EVs in a matter of 14 months and that's a good sign not only for the EV industry but also for other carmakers as well.
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Chinese Smartphone Maker Xiaomi To Make EVs Using Great Wall's Plant: Report
China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
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Xiaomi Said to Plan Electric Vehicle Production Using Great Wall Motors’ Factory
Xiaomi plans to make electric vehicles (EVs) using Great Wall Motor's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
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Baidu Said to Plan Smart Electric Vehicle Company, to Make Cars at Geely Plant
Baidu plans to form a company to make smart electric vehicles, two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.
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Hyundai Motor To Buy Robot Maker Boston Dynamics From SoftBank
Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp for around 800 billion to 900 billion won ($736 million-$828 million), a person familiar with the matter told Reuters on Friday.
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Matter Motors Plans To Go Public In The Next 3-4 Years; Looks To Expand & Export Soon
Matter Motors plans to raise up to USD 200 million in the next 3-4 years. The EV startup will go public for raising the funds.
-
Suzuki Motor Halts Swift Production Amid China's Rare Earth Curb: Sources
Suzuki Motor had suspended production of its Swift car due to China's rare earth restrictions, two sources familiar with the matter said, becoming the first Japanese automaker to be affected by the export curb.
-
Foxconn Said to Have Approached Nissan to Take Controlling Stake
Hon Hai Precision Industry Co. has approached Nissan Motor Co. to take a controlling stake, a person with knowledge of the matter said. Foxconn, which has been investing heavily in factories to build electric vehicles, would be interested in the entirety of the maker of Pathfinders, Sentra sedans and GTR supercars.
-
Nissan, Honda Explore Merger To Take On World's Biggest Carmaker
Honda Motor Co. and Nissan Motor Co. are exploring a merger, according to people familiar with the matter, that would create a singular rival to Toyota Motor Corp. in Japan.
-
Hyundai Said To Be Considering One Of India's Biggest Ever IPOs
Hyundai Motor Co. is considering an initial public offering for its India unit that may raise about $2.5 billion, according to people familiar with the matter, potentially making it one of the biggest listings ever in the South Asian country.
-
Watch: YouTuber Arrested After Video Shows Him Throwing Currency Notes On Gurugram Road
The Gurugram Police took cognizance of the matter and registered a case under the Motor Vehicle Act for dangerous driving and endangering the lives of others.
-
Supreme Court To Have Specialised Benches For Criminal, Tax, Other Issues
The Supreme Court will have four special benches to conduct proceedings in issues relating to criminal matters, direct and indirect tax matters, land acquisition matters, and motor accidents claims tribunal.
-
MG Motor, Latest Chinese Firm To Be Investigated By India
India has begun an inquiry into MG Motor India Private Ltd. over alleged financial irregularities, according to people with knowledge of the matter, deepening a scrutiny of Chinese firms operating in the country.
-
Tesla Said to Put India Entry Plan on Hold After Deadlock on Tariffs
Tesla has put on hold plans to sell electric cars in India, abandoned a search for showroom space and reassigned some of its domestic team after failing to secure lower import taxes, three people familiar with the matter told Reuters.
-
Revolt RV 400 Electric Bike Deliveries Begin Across 6 Cities
Revolt Motors has increased the pace of deliveries of its electric bikes after resuming production following a brief pause due to the pandemic.
-
Tata Motors Sells Over 4000 Units Of The Nexon EV In 14 Months
Tata Motors has said that it has sold a total of 4219 Nexon EVs in a matter of 14 months and that's a good sign not only for the EV industry but also for other carmakers as well.
-
Chinese Smartphone Maker Xiaomi To Make EVs Using Great Wall's Plant: Report
China's Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
-
Xiaomi Said to Plan Electric Vehicle Production Using Great Wall Motors’ Factory
Xiaomi plans to make electric vehicles (EVs) using Great Wall Motor's factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race.
-
Baidu Said to Plan Smart Electric Vehicle Company, to Make Cars at Geely Plant
Baidu plans to form a company to make smart electric vehicles, two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.
-
Hyundai Motor To Buy Robot Maker Boston Dynamics From SoftBank
Hyundai Motor Group units and its chairman have agreed to buy an 80% stake in robot maker Boston Dynamics from SoftBank Group Corp for around 800 billion to 900 billion won ($736 million-$828 million), a person familiar with the matter told Reuters on Friday.
