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🚗 Mahindra Set to Acquire 50% Stake in Skoda VW India. Mahindra is reportedly in advanced discussions to acquire a 50% stake in Skoda Auto Volkswagen India, with a deal valued between USD 800 million and USD 1 billion. This potential partnership could reshape the automotive landscape, offering Mahindra access to Skoda Auto VW’s global tech and manufacturing capabilities while providing Skoda Auto Volkswagen access to Mahindra’s cost-effective platforms, including the New Flexible Architecture (NFA). This collaboration could boost production capacity at the Chakan plant and have a significant impact on future models like the Kushaq and Taigun, bringing exciting innovations in both internal combustion and electric vehicle markets! While details are still being finalized, this strategic alliance could mark a pivotal moment in India’s automotive and EV market expansion. #Mahindra #Volkswagen #Skoda #AutoIndustry #EV #Innovation #Partnership #IndiaAutomotive #FutureOfMobility

🚗 GM Invests $10M in Forge Nano for EV Battery Innovation! General Motors is making bold moves in the electric vehicle space with a $10 million investment in materials science company Forge Nano, Inc. Through its GM Ventures unit, GM is teaming up with Forge Nano to explore the potential of their atomic layer deposition technology to revolutionize EV batteries. This thin-film coating technology, called Atomic Armor, aims to enhance battery performance while reducing costs by optimizing the cathode— the most expensive component of a battery. "GM Ventures' primary goal is to bring disruptive technology into the GM ecosystem to improve products and processes," said Anirvan Coomer, Managing Director of GM Ventures. He continued, "Forge Nano's Atomic Armor technology has game-changing potential for our battery materials. They have already demonstrated the ability to expand cathode capabilities, which could unlock benefits for both customers and the business." A significant step forward for EV battery advancements and GM’s mission to drive more sustainable solutions in the industry! 🌱 #ElectricVehicles #BatteryInnovation #GM #ForgeNano #TechPartnership #Sustainability #EVTech #FutureOfMobility #GreenEnergy

🔋 LG Energy Solution Powers Up with Ford in a Record Deal! LG Energy Solution has secured its largest deal of the year, partnering with Ford Motor Company to deliver an impressive 109 GWh of batteries for their electric commercial vehicles through 2032. This $9.5 billion agreement will see LG supplying high-performance ternary pouch batteries from their Wroclaw, Poland plant, supporting over a million electric vehicles. These batteries will primarily fuel Ford’s next-gen E-Transit, the world’s best-selling electric light commercial vehicle. The partnership, spanning from 2026 to 2032, underscores a major push towards greener transport solutions, with Europe and North America at the forefront of this EV expansion. As LG strengthens its position in the electric commercial vehicle market, this deal highlights the rapid growth and evolution of EV technology, both for Ford’s fleet and the wider industry. 🚀 #ElectricVehicles #BatteryTech #Ford #LG #EVInnovation #CommercialVehicles #GreenEnergy #Sustainability

🔋 Lyten to Build World’s First Lithium-Sulfur Battery Factory in Reno. Silicon Valley startup Lyten is making waves with its plan to construct the world’s first lithium-sulfur battery factory in Reno, Nevada, a significant step towards more affordable energy solutions for electric vehicles. With EV prices heavily influenced by battery costs, Lyten's innovative technology aims to make these vehicles more accessible to a broader market. Backed by Stellantis and FedEx, Lyten is investing over $1 billion into the facility, which will initially create 200 jobs, eventually growing to 1,000+. This expansion adds to Reno’s growing importance as a battery hub, with Tesla already operating a factory in the area. #BatteryRevolution #CleanEnergy #ElectricVehicles #Sustainability #LithiumSulfur #Reno

🚗 Honda's Next-Gen EV Revolution! American Honda Motor Company, Inc. is raising the bar for electric vehicles with its upcoming 0 Series, focusing on two key innovations: thin and light. These next-generation EVs will incorporate groundbreaking production techniques, such as massive megacasting presses, a flexible “flex-cell” manufacturing system, and the world’s first robotic welding technology. By using high-strength, ultrathin metals, Honda plans to reduce the weight of 0 Series vehicles by 220 pounds compared to previous EV models. This innovation will take place at Honda's Ohio factories, marking a significant shift in the company's manufacturing strategy. Instead of starting production in Japan, the U.S. will be the first to roll out these revolutionary processes. Exciting times ahead for Honda as it redefines the future of EV manufacturing!⚡ #Honda #EVRevolution #ElectricVehicles #Innovation #Manufacturing #Technology

🚗 Big Milestone for Altris in Sodium-Ion Battery Development! Swedish sodium-ion battery developer Altris AB has successfully raised SEK 150 million ($14 million) in a Series B1 funding round, attracting new investments from Clarios and Maersk Growth. The financing, as Altris stated, "will be used to finalize Altris’ pilot production facility, and thereby enable commercial production of sodium-ion cathode material for battery cells." The company is targeting sectors such as grid storage, low-voltage vehicle applications, and marine applications. As a result of the investment, Clarios and Maersk Growth join existing owners EIT InnoEnergy and Molindo Energy. Interim CEO Christer Bergquist expressed excitement, saying, “We are pleased to close the B1 funding round and excited to welcome our new investors to Altris, who are tier one players within their respective fields. I am proud of our owner list, which consists of long-term business partners contributing with extensive expertise and experience. Together, we will continue to develop and validate our technology within their respective industry verticals – to bring the world a better battery at scale.” Federico Morales-Zimmermann, VP at Clarios, emphasized that “this investment is of strategic importance for Clarios and a testament to our commitment to set a new standard for the automotive industry. Altris’ technology is key to power progress with energy solutions that are more efficient, reliable, and sustainable.” Similarly, Ole Graa Jakobsen, head of fleet technology at Maersk, added, “We are very excited about collaborating with Altris, as Maersk continues working towards reaching net zero GHG emissions for our entire business in 2040... Altris’ technology offers superior energy density with a lower emissions profile and safety credentials.” This partnership marks a significant step in advancing sustainable battery technology! 🌍⚡️ #BatteryTech #SodiumIon #Sustainability #Innovation #CleanEnergy #EnergyStorage #FutureTech

🚗 Hyundai India Set for Landmark $3.3 Billion IPO! Hyundai Motor India Ltd. is gearing up for the largest IPO in the country’s history, and the world’s second biggest IPO of 2024. The automaker will begin accepting orders for its $3.3 billion initial public offering in Mumbai on Monday, marking a monumental moment for both the company and India’s thriving capital markets. 📈 With 260 companies raising over $9 billion in India so far this year, the capital market is showing no signs of slowing down, already surpassing 2023's total volume of $7.42 billion. The future is now—exciting times for the auto industry and India’s financial landscape! #HyundaiIndia #IPO #CapitalMarkets #Finance #Investment #IndiaBusiness #Hyundai #AutoIndustry #Growth

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