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India’s NMDC exploring lithium assets in Africa and Australia, source says – ET Auto

Baua Electric

Indian iron ore miner NMDC Ltd is exploring lithium assets in Africa and Australia and is currently in negotiations, a source with direct knowledge of the matter said on Friday. In June last year, Reuters reported that NMDC’s unit Legacy Iron Ore had signed a lithium exploration pact with Australia’s Hancock Prospecting Pty Ltd.

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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

Green Car Congress

China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

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Musashi appoints Naoya Nishimura as CEO for India, Africa region – ET Auto

Baua Electric

Naoya Nishimura as CEO for India, Africa region New Delhi: Musashi Auto Parts India Pvt Ltd (Musashi), a 100% owned subsidiary of Musashi Seimitsu Industries, Japan, and a manufacturer of two-wheeler and four-wheeler transmission components in India, has appointed Naoya Nishimura as its Chief Executive Officer (CEO).

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BYD Partners With Auto Nejma To Bring Its EVs To Morocco

CleanTechnica EVs

Morocco wants to be a leader in the automotive industry in Africa. The Moroccan automotive industry represented 27.6% Keeping up with key trends in the global automotive industry will ensure that such a key pillar of Morocco’s economy will continue to […]. Morocco’s EV scene is making some good progress.

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Nissan to test African demand for its e-Power hybrid vehicle – ET Auto

Baua Electric

This year Nissan will export the South African built Navara pickup trucks to new markets of Algeria, Libya, Sudan, Tunisia and Egypt, Nissan Africa product Marketing Director Stefan Haasbroek said. Africa is the world’s last remaining automotive frontier due to the low level of vehicle ownership.

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Samvardhana Motherson unit mulling USD 500mn dollar bond issue, say bankers – ET Auto

Baua Electric

A unit of Indian auto parts maker Samvardhana Motherson International is planning to raise up to USD 500 million through the sale of five-year dollar bonds and has mandated bankers for the issue, two bankers said on Wednesday. from Wednesday.

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Growing Plugless Hybrid EV Market Share In Japan Has Direct Implications On The African Vehicle Market

CleanTechnica EVs

The Japanese auto industry dictates the African vehicle market, especially in east and southern Africa, where 90% of the vehicles imported into this region are vehicles from Japan. Japanese brands rule in Africa and Toyota is King. Most of these vehicles are imported as used vehicles.

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