Geely joins Aston Martin
Chinese company Geely has taken a stake in Aston Martin. Their investment is part of a £654 million capital raise for the British premium car brand. According to a terse statement from Aston Martin, Geely joins existing investors such as Mercedes-Benz in the Public Investment Fund.
Tata presents electric car for the Indian market
Tata Motors has unveiled the Tiago EV, an all-electric model for the Indian market with a base price of 849,000 rupees, equivalent to around 10,700 euros. The Tiago EV is offered with two battery sizes (19.2 and 24 kWh) for ranges of 250 and 315 kilometres respectively in the Modified Indian Driving Cycle (MIDC).
Quantron looks to expand to India
Quantron and the Indian company ETO Motors are planning a cooperation for the Indian and European markets. Through this cooperation, the German electric commercial vehicle manufacturer wants to gain access to the Indian market with its products, among other things.
Nio invests in lithium mining company Greenwing Resources
Chinese electric car manufacturer Nio has taken a stake in the Australian lithium company Greenwing Resources. Nio will pay 12 million Australian dollars (currently approx. eight million euros) to Greenwing through its subsidiary Blue Northstar in exchange for around twelve per cent of the company’s shares.
Pegasus orders 2,000 Class 3 chassis from Via Motors
The US electric commercial vehicle manufacturer Via Motors has received an order from Pegasus Specialty Vehicles for 2,000 Class 3 electric cutaway chassis cabs. With these, Pegasus will build electric school buses, minibuses and shuttles and distribute them through its dealer network comprised of 56 locations in the US.
New York to introduce EV sales quotas in 2026
In New York State, only zero-emission cars and light commercial vehicles may be sold from 2035. Governor Kathy Hochul has now outlined a strategy to systematically reduce the sale of internal combustion vehicles by then. New York is taking its cue from California.
LiveWire hits the New York stock exchange
Harley-Davidson has completed the announced IPO of its electric motorbike brand LiveWire via a SPAC merger with the exchange shell AEA-Bridges Impact Corporation (ABIC). In addition, the second series model Del Mar can be reserved again.
Magna invests in Yulu Mobility
Magna is expanding into the micro-mobility market by investing $77 million in Yulu, India’s largest electrified scooter-sharing provider, and creating a battery-swapping service joint venture.
SkyDrive presents electric VTOL SD-05
The Japanese company SkyDrive shows the design of its electric aerial taxi SD-05, which is currently under development and is to be used at the World Expo 2025 in Osaka. The SD-05 is a two-seater, electrically powered air taxi designed for flights up to about ten kilometres.
Artemis Technologies presents electric hydrofoil concept
Artemis Technologies, a company based in Belfast, Northern Ireland, is presenting the design of an all-electric passenger ferry that is to enter service for the first time in 2024. The operator Condor Ferries wants to use the hydrofoil as part of a pilot project between Belfast and Bangor in Northern Ireland from that date.